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+0.0009%/8h= +1.0% APRpaid last 24h +0.084%
Price spread now: edgeX against Variational Omni+0.048%59s7-day average +0.025% · 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 3 days (all we have)+0.183%+$18 on $10k
Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.048%, 7d avg +0.025%
Together, before fees+0.156%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.023% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.025%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ICP2.97050.0091pay 0.0091% / 8h4h 28m$1.1M$116K
ShortedgeX ICPUSDC2.97190.0100get 0.0050% / 4h28m 35s$23K$281K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$1.92
Price spread: +0.048% → +0.025%
$2.29
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$4.79
Costs to cover
0.090%
Break-even
24.5 days
Slippage unknown: Variational Omni: RFQ quote, just now; edgeX: live order book, 29 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, just now4.41 bpdoesn't fit28.6 bp −$286doesn't fitdoesn't fit
Sell edgeX live order book, 29 min ago6.77 bp11.5 bp −$1224.1 bp −$241doesn'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
dYdX ICP-USD0.0000%1h2.9689−0.053%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9725+0.068%$265$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9733+0.093%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.134%$202$200K12xas long as short
Phemex ICPUSDT+0.0085%8h2.9700−0.016%$1.8M$791K50xas long as short
Variational Omni ICPlong+0.0091%8h2.9705long leg$1.1M$116K
Lighter ICP+0.0096%1h2.9687−0.060%$158K$487K5xas long as short
Aster ICPUSDT+0.0100%8h2.9690−0.050%$271K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9668−0.124%$134K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9660−0.151%$29.1M$50.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9650−0.184%$17.2M$18.3M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9660−0.151%$5.7M$16.3M50xas long as short
Gate ICP_USDT+0.0100%8h2.9680−0.083%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9680−0.083%$19.9M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9670−0.117%$4.8M$12.7M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9680−0.083%$7.0M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9680−0.083%$5.8Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9719+0.048%$23K$281K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9714+0.029%$566K$467K10xas long as short
SunX ICP-USDT+0.0100%8h2.9710+0.018%$2K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9690−0.050%$104K$156K20xas long as short
Extended ICP-USD+0.0104%1h2.9655−0.166%$23K$130K10xas long as short
Hyperliquid ICP+0.0205%1h2.9698−0.023%$4.6M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9750+0.152%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9820+0.388%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0536% / S −0.0528%1h2.9725+0.069%$40K100xas long as short
Kraken Futures PF_ICPUSD+0.0567%1h2.9752+0.158%$522K$605K50xas long as short