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 −0.007%
Price spread now: Gate against OKX+0.033%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$690.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.033%, 7d avg +0.017%
Together, before fees−0.077%−$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP3.04700.0100pay 0.0100% / 8h7h 17m$6.2M$16.8M50x
ShortGate ICP_USDT3.04800.0100get 0.0100% / 8h7h 17m$2.0M$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.033% → +0.017%
$1.58
Slippage, 4 orders
−$43.89
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$67.31
Costs to cover
0.689%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 5 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 ago1.64 bp12.3 bp −$1229.9 bp −$299doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago1.64 bp23.1 bp −$2365.5 bp −$655161.4 bp −$16.1Kdoesn'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−0.0121%1h3.0513+0.142%$557K$598K50xas long as short
Variational Omni ICP−0.0057%8h3.0460−0.033%$1.1M$110Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0046%1h3.0443−0.089%$271$46450xas long as short
dYdX ICP-USD0.0000%1h3.0463−0.024%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0440−0.098%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.642%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0512+0.138%$174K$480K5xas long as short
Aster ICPUSDT+0.0100%8h3.0490+0.066%$337K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0483+0.044%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0481+0.035%$30.5M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0450−0.066%$18.1M$18.5M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h3.0470long leg$6.2M$16.8M50x
Gate ICP_USDTshort+0.0100%8h3.0480+0.033%$2.0M$3.0M50x
MEXC ICP_USDT+0.0100%8h3.0480+0.033%$19.8M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0460−0.033%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0490+0.066%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.04700.000%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h3.0473+0.010%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0474+0.013%$578K$467K10xas long as short
SunX ICP-USDT+0.0100%8h3.0440−0.098%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0370−0.328%$106K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0550+0.263%$1.8M$777K50xas long as short
Extended ICP-USD+0.0104%1h3.0468−0.006%$23K$129K10xas long as short
Hyperliquid ICP+0.0161%1h3.0530+0.197%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0400−0.230%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0480+0.033%$63K$65K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0431−0.128%$38K100xas long as short