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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.016%
Price spread now: Extended against OKX+0.008%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$490.485% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.008%, 7d avg −0.001%
Together, before fees+0.070%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP2.99900.0100pay 0.0100% / 8h1h 36m$5.9M$16.0M50x
ShortExtended ICP-USD2.99930.0104get 0.0013% / 1h36m 43s$25K$124K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.008% → −0.001%
$0.94
Slippage, 4 orders
−$33.53
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$46.75
Costs to cover
0.485%
Break-even
396.6 days
Slippage from OKX: live order book, 2 min ago; Extended: live order book, 44 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, 2 min ago1.67 bp10.8 bp −$1136.4 bp −$364doesn't fitdoesn't fit
Sell Extended live order book, 44 min ago3.86 bp13.0 bp −$1361.1 bp −$611doesn'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
Phemex ICPUSDT−0.1299%8h2.9800−0.634%$1.7M$776K50xas long as short
Variational Omni ICP−0.0193%8h2.9912−0.262%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.084%$202$200K12xas long as short
Gate ICP_USDT−0.0096%8h2.9970−0.067%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9966−0.081%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9986−0.013%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9985−0.016%$27K150xas long as short
Bybit ICPUSDT+0.0084%8h2.9980−0.033%$17.4M$17.8M75xas long as short
Lighter ICP+0.0096%1h3.0028+0.127%$167K$442K5xas long as short
Aster ICPUSDT+0.0100%8h3.0021+0.104%$187K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9983−0.023%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9995+0.018%$29.8M$49.7M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h2.9990long leg$5.9M$16.0M50x
MEXC ICP_USDT+0.0100%8h2.99900.000%$18.9M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0000+0.033%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0000+0.033%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.99900.000%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9928−0.207%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9921−0.231%$572K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9970−0.067%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9940−0.167%$107K$219K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9993+0.008%$25K$124K10x
BloFin ICP-USDT+0.0220%8h2.9980−0.033%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h3.0000+0.034%$491K$523K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9970−0.067%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9978−0.041%$37K100xas long as short
Hyperliquid ICP+0.0676%1h3.0053+0.210%$4.8M$5.0M5xas long as short