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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.006%
Price spread now: Coinbase International against Aster+0.538%54s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.538% dearer against Aster than usual: you sell high and buy low: +$54 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ICPUSDT2.97300.0100pay 0.0100% / 8h2h 12m$187K$1.5M20x
ShortCoinbase International ICP-PERP-INTX2.98900.0232get 0.0029% / 1h12m 23s$62K$89K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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
$27.72
Price spread: +0.538% → 0.000%
$53.82
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$63.54
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aster: live order book, 1 min ago; Coinbase International: no order-book sample. 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 Aster live order book, 1 min ago5.05 bp19.9 bp −$20291.3 bp −$2,913doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1373%8h2.9670−0.202%$1.7M$778K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0490%1h2.9714−0.054%$265$46450xas long as short
Variational Omni ICP−0.0229%8h2.9754+0.080%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.219%$202$200K12xas long as short
Gate ICP_USDT−0.0091%8h2.9700−0.101%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9719−0.036%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9742+0.041%$27K150xas long as short
Bybit ICPUSDT+0.0033%8h2.9690−0.135%$17.1M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9755+0.084%$166K$443K5xas long as short
Aster ICPUSDTlong+0.0100%8h2.9730long leg$187K$1.5M20x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9736+0.019%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.97300.000%$28.9M$49.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9710−0.067%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9720−0.034%$19.5M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.97300.000%$5.2M$12.9M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9720−0.034%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9720−0.034%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9784+0.181%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9786+0.187%$571K$468K10xas long as short
SunX ICP-USDT+0.0100%8h2.9710−0.067%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9760+0.101%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9711−0.063%$24K$123K10xas long as short
Kraken Futures PF_ICPUSD+0.0148%1h2.9732+0.006%$487K$518K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9800+0.235%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0232%1h2.9890+0.538%$62K$89K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9741+0.037%$31K100xas long as short
Hyperliquid ICP+0.0855%1h2.9787+0.192%$4.7M$5.0M5xas long as short