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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h −0.102%
Price spread now: Kraken Futures against SunX+0.087%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1901.896% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.469%−$47 on $10k
Price spread, last 3 days (all we have)+0.081%+$8 · spread now +0.087%, 7d avg +0.081%
Together, before fees−0.388%−$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.469%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.98500.0100pay 0.0100% / 8h2h 27m$2K$1.7M20x
ShortKraken Futures PF_ICPUSD2.98760.0148get 0.0018% / 1h27m 34s$497K$510K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$10.01
Price spread: +0.087% → +0.081%
$0.6
Slippage, 4 orders
−$171.62
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$179.01
Costs to cover
1.896%
Break-even
132.2 days
Slippage from SunX: live order book, 8 min ago; Kraken Futures: live order book, 60 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, 8 min ago48.68 bp73.7 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 60 min ago10.10 bp20.3 bp −$2047.7 bp −$477doesn'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−0.1368%8h2.9700−0.503%$1.7M$781K50xas long as short
Variational Omni ICP−0.0254%8h2.9784−0.222%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.620%$202$200K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0185%1h2.9853+0.010%$266$46450xas long as short
Gate ICP_USDT−0.0107%8h2.9840−0.034%$1.9M$2.7M50xas long as short
Bybit ICPUSDT−0.0001%8h2.9860+0.034%$17.2M$17.6M75xas long as short
dYdX ICP-USD0.0000%1h2.9864+0.045%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9857+0.023%$27K150xas long as short
Aster ICPUSDT+0.0100%8h2.9858+0.028%$188K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9859+0.032%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9870+0.067%$29.1M$48.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9870+0.067%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.98500.000%$19.3M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.98500.000%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9870+0.067%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9830−0.067%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9793−0.191%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9812−0.129%$571K$481K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9850long leg$2K$1.7M20x
HTX ICP-USDT+0.0100%8h2.9810−0.134%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9846−0.012%$24K$123K10xas long as short
Lighter ICP+0.0128%1h2.9880+0.101%$167K$442K5xas long as short
Kraken Futures PF_ICPUSDshort+0.0148%1h2.9876+0.087%$497K$510K50x
BloFin ICP-USDT+0.0220%8h2.9790−0.201%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9860+0.034%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0433% / S −0.0367%1h2.9858+0.027%$31K100xas long as short
Hyperliquid ICP+0.0888%1h2.9909+0.198%$4.7M$5.0M5xas long as short