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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.42 per $10,000 · paid last 24h +0.084%
Price spread now: Bitget against Variational Omni+0.137%7-day average +0.093% · 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 4 days (all we have)+0.183%+$18 on $10k
Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.137%, 7d avg +0.093%
Together, before fees−0.114%+ Points / potential airdropVariational Omni: Active · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.044% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.093%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ICP2.95400.0058pay 0.0058% / 8h2h 00m$1.1M$133K
ShortBitget ICPUSDT2.95800.0100get 0.0100% / 8h2h 00m$7.0M$4.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Variational Omni. 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
$8.76
Price spread: +0.137% → +0.093%
$4.38
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
$1.14
Costs to cover
0.120%
Break-even
6.1 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bitget: live order book, 3 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 Variational Omni RFQ quote, 3 min ago4.42 bpdoesn't fit22.1 bp −$221doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago1.69 bp14.1 bp −$1437.8 bp −$378doesn'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−0.0088%1h2.9573+0.113%$192$43950xas long as short
Phemex ICPUSDT−0.0074%8h2.9430−0.371%$1.8M$675K50xas long as short
Kraken Futures PF_ICPUSD−0.0068%1h2.9583+0.147%$525K$665K50xas long as short
dYdX ICP-USD0.0000%1h2.9564+0.083%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9570+0.103%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.425%$202$200K12xas long as short
Variational Omni ICPlong+0.0058%8h2.9540long leg$1.1M$133K
Lighter ICP+0.0096%1h2.9576+0.123%$139K$497K5xas long as short
Hyperliquid ICP+0.0100%1h2.9593+0.181%$4.6M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9585+0.155%$264K$1.2M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9587+0.160%$134K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9560+0.069%$28.9M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9550+0.035%$17.3M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9560+0.069%$5.7M$15.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9560+0.069%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9560+0.069%$18.7M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9560+0.069%$4.9M$12.1M50xas long as short
Bitget ICPUSDTshort+0.0100%8h2.9580+0.137%$7.0M$4.7M50x
BingX ICP-USDT+0.0100%8h2.9560+0.069%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9508−0.108%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9536−0.013%$562K$513K10xas long as short
SunX ICP-USDT+0.0100%8h2.9550+0.035%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9480−0.202%$103K$118K20xas long as short
Extended ICP-USD+0.0104%1h2.9551+0.040%$23K$131K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9520−0.066%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9550+0.035%$57K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9578+0.132%$31K100xas long as short