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 −0.009%
Price spread now: Binance against SunX+0.024%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$175as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1691.686% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.024%, 7d avg +0.022%
Together, before fees−0.117%−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.95900.0100pay 0.0100% / 8h4h 53m$2K$1.7M20x
ShortBinance ICPUSDT2.95970.0100get 0.0100% / 8h4h 53m$29.1M$52.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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: +0.024% → +0.022%
$0.13
Slippage, 4 orders
−$150.56
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$168.42
Costs to cover
1.686%
Break-even
never at this rate
Slippage from SunX: live order book, 12 min ago; Binance: live order book, 4 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 SunX live order book, 12 min ago48.98 bp74.1 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 4 min ago1.69 bp9.5 bp −$1021.4 bp −$214201.8 bp −$20.2Kdoesn'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−0.0020%1h2.9608+0.061%$264$46450xas long as short
dYdX ICP-USD0.0000%1h2.9604+0.048%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9620+0.101%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.253%$202$200K12xas long as short
Variational Omni ICP+0.0091%8h2.9655+0.220%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9610+0.068%$158K$485K5xas long as short
Aster ICPUSDT+0.0100%8h2.9620+0.101%$270K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9613+0.077%$134K$10K5xas long as short
Binance ICPUSDTshort+0.0100%8h2.9597+0.024%$29.1M$52.1M75x
Bybit ICPUSDT+0.0100%8h2.9570−0.068%$17.1M$18.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9580−0.034%$5.7M$16.6M50xas long as short
Gate ICP_USDT+0.0100%8h2.9600+0.034%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9600+0.034%$19.9M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9600+0.034%$4.8M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9610+0.068%$7.0M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h2.9600+0.034%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9633+0.144%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9637+0.160%$573K$464K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9590long leg$2K$1.7M20x
HTX ICP-USDT+0.0100%8h2.95900.000%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9580−0.034%$1.7M$793K50xas long as short
Extended ICP-USD+0.0104%1h2.9612+0.075%$22K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9610+0.068%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9710+0.406%$67K$65K50xas long as short
Hyperliquid ICP+0.0402%1h2.9642+0.176%$4.6M$4.9M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9609+0.064%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0570%1h2.9622+0.108%$520K$632K50xas long as short