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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.036%
Price spread now: Coinbase International against BingX+1.156%7-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 7 days+0.336%+$34 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 1.156% dearer against BingX than usual: you sell high and buy low: +$116 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.94100.0100pay 0.0100% / 8h20m 31s$5.6M
ShortCoinbase International ICP-PERP-INTX2.97500.0376get 0.0047% / 1h20m 31s$58K$69K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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
$57.96
Price spread: +1.156% → 0.000%
$115.61
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$153.57
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: BingX: live order book, 5 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 BingX live order book, 5 min ago1.70 bp9.5 bp −$1015.3 bp −$15346.2 bp −$4,621479.7 bp −$239.8K
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−0.0258%8h2.9420+0.034%$1.7M$685K50xas long as short
Kraken Futures PF_ICPUSD−0.0212%1h2.9434+0.083%$521K$661K50xas long as short
Variational Omni ICP−0.0155%8h2.9360−0.170%$1.0M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0056%1h2.9397−0.044%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9408−0.006%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.94100.000%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.867%$202$200K12xas long as short
Bybit ICPUSDT+0.0054%8h2.94100.000%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9418+0.027%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9443+0.112%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9424+0.047%$271K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9426+0.054%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9435+0.084%$28.7M$47.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.94100.000%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9420+0.034%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9430+0.068%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9420+0.034%$4.9M$11.6M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9420+0.034%$7.0M$4.5M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9410long leg$5.6M
edgeX ICPUSDC+0.0100%4h2.9384−0.087%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.94100.000%$567K$568K10xas long as short
SunX ICP-USDT+0.0100%8h2.9390−0.068%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.94100.000%$103K$113K20xas long as short
Extended ICP-USD+0.0104%1h2.9412+0.007%$22K$233K10xas long as short
BloFin ICP-USDT+0.0220%8h2.94100.000%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0376%1h2.9750+1.156%$58K$69K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9408−0.008%$32K100xas long as short