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 +0.012%
Price spread now: KuCoin against OKX+0.033%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$660.664% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 days−0.046%−$5 · spread now +0.033%, 7d avg +0.031%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP3.01300.0100pay 0.0100% / 8h6h 21m$5.9M$17.2M50x
ShortKuCoin ICPUSDTM3.01400.0100get 0.0100% / 8h6h 21m$4.9M$13.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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% → +0.031%
$0.21
Slippage, 4 orders
−$44.43
Fee OKX: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$66.22
Costs to cover
0.664%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 2 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 ago1.66 bp12.4 bp −$1233.3 bp −$333doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago1.66 bp17.7 bp −$1868.4 bp −$684doesn't fitdoesn't fit

ICP on 26 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−0.0280%1h3.0149+0.063%$269$46450xas long as short
dYdX ICP-USD0.0000%1h3.0187+0.190%$70K$4K5xas long as short
Variational Omni ICP+0.0002%8h3.0160+0.100%$1.1M$118Kas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0172+0.140%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.543%$202$200K12xas long as short
Phemex ICPUSDT+0.0077%8h3.0090−0.133%$1.8M$793K50xas long as short
Lighter ICP+0.0096%1h3.0181+0.169%$164K$492K5xas long as short
Aster ICPUSDT+0.0100%8h3.0179+0.164%$281K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0140+0.034%$137K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0140+0.033%$29.8M$53.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0160+0.100%$17.7M$19.0M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h3.0130long leg$5.9M$17.2M50x
Gate ICP_USDT+0.0100%8h3.0150+0.066%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0140+0.033%$19.5M$10.1M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h3.0140+0.033%$4.9M$13.4M50x
Bitget ICPUSDT+0.0100%8h3.0150+0.066%$7.1M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h3.0140+0.033%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0131+0.004%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0134+0.013%$585K$491K10xas long as short
SunX ICP-USDT+0.0100%8h3.0140+0.033%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.01300.000%$105K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0135+0.018%$22K$131K10xas long as short
Hyperliquid ICP+0.0229%1h3.0185+0.183%$4.7M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0180+0.166%$65K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0164+0.112%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0890%1h3.0189+0.197%$547K$611K50xas long as short