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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: edgeX against OKX−0.120%81s7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$430.431% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)+0.755%+$75 · spread now −0.120%, 7d avg −0.020%
Together, before fees+0.878%+ Points / potential airdropedgeX: Active · farm board+$88 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: edgeX is 0.101% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP2.97100.0100pay 0.0100% / 8h7h 18m$5.8M$13.8M50x
ShortedgeX ICPUSDC2.96740.0100get 0.0050% / 4h3h 18m$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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: −0.120% → −0.020%
−$10.09
Slippage, 4 orders
−$24.1
Fee OKX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$53.19
Costs to cover
0.431%
Break-even
never at this rate
Slippage from OKX: live order book, just now; edgeX: live order book, 15 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, just now1.68 bp10.6 bp −$1129.8 bp −$298doesn't fitdoesn't fit
Sell edgeX live order book, 15 min ago6.80 bp11.3 bp −$1127.2 bp −$272doesn't fitdoesn'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
Kraken Futures PF_ICPUSD−0.0337%1h2.9759+0.166%$527K$622K50xas long as short
Phemex ICPUSDT−0.0259%8h2.9700−0.034%$1.8M$688K50xas long as short
Variational Omni ICP−0.0154%8h2.9686−0.082%$1.1M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0086%1h2.9717+0.024%$193$43950xas long as short
dYdX ICP-USD0.0000%1h2.9703−0.024%$69K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9700−0.034%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.151%$202$200K12xas long as short
Bybit ICPUSDT+0.0094%8h2.97100.000%$17.2M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9740+0.101%$136K$491K5xas long as short
Aster ICPUSDT+0.0100%8h2.9750+0.134%$280K$967K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9686−0.080%$134K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9720+0.034%$29.0M$47.8M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h2.9710long leg$5.8M$13.8M50x
Gate ICP_USDT+0.0100%8h2.9700−0.034%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.97100.000%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9730+0.067%$4.9M$11.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9730+0.067%$7.0M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9700−0.034%$5.7Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9674−0.120%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9699−0.036%$571K$586K10xas long as short
SunX ICP-USDT+0.0100%8h2.97100.000%$1K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9690−0.067%$103K$114K20xas long as short
Extended ICP-USD+0.0104%1h2.9699−0.038%$22K$233K10xas long as short
BloFin ICP-USDT+0.0220%8h2.97100.000%$1.2M$2.4M75xas long as short
Hyperliquid ICP+0.0237%1h2.9771+0.205%$4.6M$4.5M5xas long as short
Coinbase International ICP-PERP-INTX+0.0416%1h2.9750+0.135%$58K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9699−0.038%$33K100xas long as short