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

ICP

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Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.273%
Price spread now: Extended against Phemex+0.268%7-day average +0.108% · 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+2.449%+$245 on $10k
Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.268%, 7d avg +0.108%
Together, before fees+2.353%+ Points / potential airdropExtended: Active · farm board+$235 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: Extended is 0.160% dearer against Phemex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.108%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ICPUSDT2.92400.0100pay 0.0100% / 8h2h 20m$1.7M$667K50x
ShortExtended ICP-USD2.93180.0104get 0.0013% / 1h20m 30s$23K$133K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.268% → +0.108%
$15.96
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$0.2
Costs to cover
0.170%
Break-even
8.7 days
Slippage unknown: Phemex: live order book, 3 min ago; Extended: live order book, 25 min ago. 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 Phemex live order book, 3 min ago10.28 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 25 min ago3.94 bp12.5 bp −$1382.0 bp −$820doesn'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
Deribit ICP_USDC-PERPETUAL−0.0126%1h2.9234−0.021%$190$43950xas long as short
Kraken Futures PF_ICPUSD−0.0068%1h2.9252+0.042%$483K$643K50xas long as short
dYdX ICP-USD0.0000%1h2.9316+0.261%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9340+0.342%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.453%$202$200K12xas long as short
Variational Omni ICP+0.0053%8h2.9230−0.035%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9327+0.298%$141K$494K5xas long as short
Hyperliquid ICP+0.0100%1h2.9368+0.438%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9337+0.331%$262K$1.3M20xas long as short
Pacifica ICP+0.0100%1h2.9327+0.297%$133K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9330+0.308%$28.7M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9320+0.274%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9330+0.308%$5.6M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9330+0.308%$1.8M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9330+0.308%$18.1M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9330+0.308%$4.8M$12.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9340+0.342%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9330+0.308%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9147−0.318%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9142−0.334%$553K$495K10xas long as short
SunX ICP-USDT+0.0100%8h2.9280+0.137%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9250+0.034%$102K$118K20xas long as short
Phemex ICPUSDTlong+0.0100%8h2.9240long leg$1.7M$667K50x
Extended ICP-USDshort+0.0104%1h2.9318+0.268%$23K$133K10x
BloFin ICP-USDT+0.0220%8h2.9300+0.205%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9310+0.239%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9337+0.331%$30K100xas long as short