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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.039%
Price spread now: Coinbase International against OKX+0.716%7-day average · you sell dearer than you buy
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 7 days+0.430%+$43 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.716% dearer against OKX than usual: you sell high and buy low: +$72 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP2.93200.0100pay 0.0100% / 8h3h 07m$5.6M$14.9M50x
ShortCoinbase International ICP-PERP-INTX2.95300.0352get 0.0044% / 1h7m 58s$57K$69K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$52.92
Price spread: +0.716% → 0.000%
$71.62
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$104.54
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: OKX: live order book, just now; Coinbase International: no order-book sample. 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 OKX live order book, just now1.71 bp10.9 bp −$1127.8 bp −$278doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ICPUSD−0.0058%1h2.9309−0.037%$490K$631K50xas long as short
dYdX ICP-USD0.0000%1h2.9275−0.154%$68K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9315−0.017%$191$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9311−0.029%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.177%$202$200K12xas long as short
Phemex ICPUSDT+0.0044%8h2.9350+0.102%$1.7M$783K50xas long as short
Variational Omni ICP+0.0075%8h2.9260−0.206%$1.0M$134Kas long as short
Lighter ICP+0.0096%1h2.9314−0.020%$142K$491K5xas long as short
Hyperliquid ICP+0.0100%1h2.9348+0.095%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9312−0.027%$263K$1.5M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9296−0.082%$133K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9315−0.016%$28.7M$48.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9290−0.102%$16.8M$17.5M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h2.9320long leg$5.6M$14.9M50x
Gate ICP_USDT+0.0100%8h2.9300−0.068%$1.8M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.93200.000%$18.3M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9310−0.034%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.93200.000%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9300−0.068%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9425+0.357%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9418+0.335%$565K$492K10xas long as short
SunX ICP-USDT+0.0100%8h2.9300−0.068%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9250−0.239%$102K$115K20xas long as short
Extended ICP-USD+0.0104%1h2.9307−0.044%$22K$133K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9260−0.205%$1.2M$2.3M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0352%1h2.9530+0.716%$57K$69K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9305−0.051%$30K100xas long as short