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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against OKX−0.034%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$440.438% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 7 days+0.034%+$3 · spread now −0.034%, 7d avg +0.025%
Together, before fees+0.096%+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.059% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP2.96900.0100pay 0.0100% / 8h4h 02m$5.7M$15.9M50x
ShortBinance ICPUSDT2.96800.0100get 0.0100% / 8h4h 02m$29.2M$50.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
$0
Price spread: −0.034% → +0.025%
−$5.87
Slippage, 4 orders
−$23.76
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$49.63
Costs to cover
0.438%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Binance: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.68 bp11.5 bp −$1232.9 bp −$329doesn't fitdoesn't fit
Sell Binance live order book, 10 min ago1.69 bp9.5 bp −$919.8 bp −$198210.2 bp −$21.0Kdoesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ICP_USDC-PERPETUAL−0.0221%1h2.9692+0.007%$265$43950xas long as short
Phemex ICPUSDT−0.0027%8h2.9640−0.168%$1.8M$791K50xas long as short
dYdX ICP-USD0.0000%1h2.9669−0.070%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9696+0.021%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.084%$202$200K12xas long as short
Variational Omni ICP+0.0085%8h2.9600−0.304%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9716+0.088%$158K$487K5xas long as short
Hyperliquid ICP+0.0100%1h2.9712+0.074%$4.6M$4.9M5xas long as short
Aster ICPUSDT+0.0100%8h2.9697+0.024%$263K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9670−0.068%$134K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDTshort+0.0100%8h2.9680−0.034%$29.2M$50.5M75x
Bybit ICPUSDT+0.0100%8h2.9670−0.067%$17.2M$18.2M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h2.9690long leg$5.7M$15.9M50x
Gate ICP_USDT+0.0100%8h2.96900.000%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9680−0.034%$19.7M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.96900.000%$4.9M$12.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9700+0.034%$7.0M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9670−0.067%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9606−0.284%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9641−0.164%$569K$458K10xas long as short
SunX ICP-USDT+0.0100%8h2.9660−0.101%$1K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9660−0.101%$104K$117K20xas long as short
Extended ICP-USD+0.0104%1h2.9671−0.063%$23K$126K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9620−0.236%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9710+0.067%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9703+0.044%$31K100xas long as short
Kraken Futures PF_ICPUSD+0.0568%1h2.9714+0.082%$533K$617K50xas long as short