Settings8H · net · $10k
Funding arb · Price arb /

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC−0.0256%/8h= −28.1% APRnext payment $2.56 per $10,000 · paid last 24h −0.082%
Price spread now: Variational Omni against MEXC−0.040%7-day average −0.072% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.197%−$20 on $10k
Price spread, last 4 days (all we have)+0.419%+$42 · spread now −0.040%, 7d avg −0.072%
Together, before fees+0.221%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.032% dearer against MEXC than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.072%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICP_USDT2.94600.0100pay 0.0100% / 8h5h 57m$18.3M$9.3M50x
ShortVariational Omni ICP2.9448−0.0156pay 0.0156% / 8h5h 57m$1.1M$164K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$53.84
Price spread: −0.040% → −0.072%
$3.18
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$50.67
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: MEXC: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago1.70 bp1.7 bp −$28.1 bp −$8149.1 bp −$4,906128.5 bp −$64.3K
Sell Variational Omni RFQ quote, 4 min ago4.41 bpdoesn't fit15.9 bp −$159doesn't fitdoesn't fit

ICP on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ICPUSDT−0.0376%8h2.9430−0.102%$1.7M$703K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0191%1h2.9465+0.017%$192$43950xas long as short
Variational Omni ICPshort−0.0156%8h2.9448−0.040%$1.1M$164K
dYdX ICP-USD0.0000%1h2.9503+0.146%$68K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9480+0.070%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.696%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9477+0.058%$135K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9489+0.099%$248K$909K20xas long as short
Pacifica ICP+0.0100%1h2.9510+0.170%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9470+0.034%$28.5M$47.3M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.94600.000%$17.1M$17.2M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9440−0.068%$5.8M$12.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.94600.000%$1.9M$2.6M50xas long as short
MEXC ICP_USDTlong+0.0100%8h2.9460long leg$18.3M$9.3M50x
KuCoin ICPUSDTM+0.0100%8h2.9470+0.034%$4.9M$10.9M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9480+0.068%$7.0M$4.3M50xas long as short
BingX ICP-USDT+0.0100%8h2.94600.000%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9453−0.024%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9508+0.164%$561K$598K10xas long as short
SunX ICP-USDT+0.0100%8h2.9450−0.034%$2K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.94600.000%$103K$124K20xas long as short
Extended ICP-USD+0.0104%1h2.9454−0.022%$23K$243K10xas long as short
Kraken Futures PF_ICPUSD+0.0187%1h2.9495+0.118%$512K$591K50xas long as short
Hyperliquid ICP+0.0212%1h2.9514+0.184%$4.6M$4.3M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9490+0.102%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0424%1h2.9570+0.373%$58K$63K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0425% / S −0.0357%1h2.9504+0.149%$30K100xas long as short