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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%
Price spread now: Extended against Binance−0.024%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$460.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.024%, 7d avg −0.032%
Together, before fees+0.020%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ICPUSDT2.94370.0100pay 0.0100% / 8h5h 55m$28.5M$47.3M75x
ShortExtended ICP-USD2.94300.0104get 0.0013% / 1h55m 29s$23K$243K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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: −0.024% → −0.032%
$0.83
Slippage, 4 orders
−$30.66
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$44
Costs to cover
0.457%
Break-even
373.6 days
Slippage from Binance: live order book, 10 min ago; Extended: live order book, 54 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 Binance live order book, 10 min ago1.70 bp11.5 bp −$1122.5 bp −$225266.2 bp −$26.6Kdoesn't fit
Sell Extended live order book, 54 min ago3.75 bp12.2 bp −$1269.2 bp −$692doesn't fitdoesn't fit

ICP on 27 exchanges

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−0.0393%8h2.9430−0.025%$1.7M$703K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0293%1h2.9441+0.012%$192$43950xas long as short
Variational Omni ICP−0.0151%8h2.94370.000%$1.1M$195Kas long as short
dYdX ICP-USD0.0000%1h2.9478+0.138%$68K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9470+0.110%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.773%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9450+0.043%$135K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9467+0.102%$248K$909K20xas long as short
Pacifica ICP+0.0100%1h2.9445+0.027%$133K$9K5xas long as short
Binance ICPUSDTlong+0.0100%8h2.9437long leg$28.5M$47.3M75x
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9420−0.059%$17.1M$17.2M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9430−0.025%$5.8M$12.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9430−0.025%$1.9M$2.6M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9440+0.009%$18.3M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9450+0.043%$4.9M$10.9M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9450+0.043%$7.0M$4.3M50xas long as short
BingX ICP-USDT+0.0100%8h2.9440+0.009%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9452+0.051%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9462+0.083%$571K$612K10xas long as short
SunX ICP-USDT+0.0100%8h2.9440+0.009%$1K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9490+0.179%$103K$124K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9430−0.024%$23K$243K10x
Kraken Futures PF_ICPUSD+0.0187%1h2.9476+0.132%$512K$589K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9480+0.145%$1.2M$2.4M75xas long as short
Hyperliquid ICP+0.0281%1h2.9493+0.189%$4.6M$4.3M5xas long as short
Coinbase International ICP-PERP-INTX+0.0424%1h2.9570+0.450%$58K$63K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0425% / S −0.0357%1h2.9448+0.037%$30K100xas long as short