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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.149%
Price spread now: Deribit against Aster−0.075%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ICPUSDT3.00350.0100pay 0.0100% / 8h1h 20m$203K$1.4M20x
ShortDeribit ICP_USDC-PERPETUAL3.00130get 0.0000% / 1h20m 42s$267$46450x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$21
Price spread: −0.075% → 0.000%
−$7.46
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$43.46
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 2 min ago; Deribit: 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, 2 min ago3.33 bp19.3 bp −$19309.2 bp −$3,092doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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−0.1450%8h2.9840−0.651%$1.7M$773K50xas long as short
Variational Omni ICP−0.0177%8h2.9941−0.313%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.233%$202$200K12xas long as short
Gate ICP_USDT−0.0064%8h3.0000−0.118%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9997−0.128%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUALshort0.0000%1h3.0013−0.075%$267$46450x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0004−0.104%$27K150xas long as short
Lighter ICP+0.0096%1h3.0035−0.001%$166K$443K5xas long as short
Aster ICPUSDTlong+0.0100%8h3.0035long leg$203K$1.4M20x
Pacifica ICP+0.0100%1h3.0021−0.049%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0009−0.087%$29.6M$50.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9980−0.184%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0000−0.118%$5.9M$16.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0000−0.118%$19.2M$8.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0000−0.118%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0010−0.085%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h3.0000−0.118%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9962−0.244%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9989−0.155%$574K$480K10xas long as short
SunX ICP-USDT+0.0100%8h3.0010−0.085%$838$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9930−0.351%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h3.0004−0.104%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h3.0000−0.118%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h3.0036+0.002%$487K$528K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0030−0.018%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h3.0003−0.108%$37K100xas long as short
Hyperliquid ICP+0.0673%1h3.0067+0.105%$4.8M$5.0M5xas long as short