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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX+0.185%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1681.682% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.182%−$18 on $10k
Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.185%, 7d avg +0.062%
Together, before fees−0.299%+ Points / potential airdropLighter: Season 3 · farm board−$30 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: Lighter is 0.123% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.96800.0100pay 0.0100% / 8h4h 01m$1K$1.6M20x
ShortLighter ICP2.97350.0096get 0.0012% / 1h1m 12s$158K$487K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
−$0.84
Price spread: +0.185% → +0.062%
$12.33
Slippage, 4 orders
−$160.2
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$156.71
Costs to cover
1.682%
Break-even
never at this rate
Slippage from SunX: live order book, 4 min ago; Lighter: live order book, 49 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, 4 min ago48.98 bp74.1 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 49 min ago0.68 bp2.0 bp −$227.9 bp −$279doesn'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−0.0288%1h2.9697+0.057%$265$43950xas long as short
Phemex ICPUSDT−0.0042%8h2.96800.000%$1.8M$791K50xas long as short
dYdX ICP-USD0.0000%1h2.9719+0.133%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9712+0.107%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.051%$202$200K12xas long as short
Variational Omni ICP+0.0084%8h2.9700+0.067%$1.1M$116Kas long as short
Lighter ICPshort+0.0096%1h2.9735+0.185%$158K$487K5x
Hyperliquid ICP+0.0100%1h2.9739+0.199%$4.6M$4.9M5xas long as short
Aster ICPUSDT+0.0100%8h2.9717+0.126%$264K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9712+0.107%$135K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9700+0.067%$29.2M$50.5M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9700+0.067%$17.2M$18.2M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9710+0.101%$5.7M$15.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9710+0.101%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9700+0.067%$19.7M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9720+0.135%$4.9M$12.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9720+0.135%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9710+0.101%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9658−0.074%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9667−0.043%$570K$458K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9680long leg$1K$1.6M20x
HTX ICP-USDT+0.0100%8h2.9640−0.135%$104K$117K20xas long as short
Extended ICP-USD+0.0104%1h2.9687+0.022%$23K$126K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9710+0.101%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9750+0.236%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0435% / S −0.0367%1h2.9707+0.092%$31K100xas long as short
Kraken Futures PF_ICPUSD+0.0567%1h2.9740+0.202%$534K$617K50xas long as short