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

ICP

all ICP markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRnext payment $0.26 per $10,000 · paid last 24h −0.084%
Price spread now: Variational Omni against BingX−0.154%7-day average −0.061% · 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 4 days (all we have)−0.183%−$18 on $10k
Price spread, last 4 days (all we have)+0.404%+$40 · spread now −0.154%, 7d avg −0.061%
Together, before fees+0.221%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.093% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.93100.0100pay 0.0100% / 8h2h 52m$5.8M
ShortVariational Omni ICP2.92650.0074get 0.0074% / 8h2h 52m$1.0M$133K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$5.53
Price spread: −0.154% → −0.061%
−$9.32
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$24.84
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: RFQ quote, 1 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 BingX live order book, 2 min ago1.71 bp6.7 bp −$711.5 bp −$11543.8 bp −$4,380466.2 bp −$233.1K
Sell Variational Omni RFQ quote, 1 min ago4.43 bpdoesn't fit30.5 bp −$305doesn'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
Kraken Futures PF_ICPUSD−0.0068%1h2.9296−0.048%$485K$629K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0057%1h2.9290−0.068%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9300−0.035%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9290−0.068%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.211%$202$200K12xas long as short
Variational Omni ICPshort+0.0074%8h2.9265−0.154%$1.0M$133K
Lighter ICP+0.0096%1h2.9329+0.065%$142K$492K5xas long as short
Hyperliquid ICP+0.0100%1h2.9348+0.131%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9324+0.049%$262K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9325+0.050%$133K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9326+0.054%$28.8M$48.5M75xas long as short
Bybit ICPUSDT+0.0100%8h2.93100.000%$16.9M$17.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9320+0.034%$5.6M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9290−0.068%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9320+0.034%$18.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9290−0.068%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9320+0.034%$6.9M$4.6M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9310long leg$5.8M
edgeX ICPUSDC+0.0100%4h2.9263−0.162%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9297−0.044%$563K$492K10xas long as short
SunX ICP-USDT+0.0100%8h2.9270−0.136%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9220−0.307%$102K$117K20xas long as short
Phemex ICPUSDT+0.0100%8h2.93100.000%$1.7M$781K50xas long as short
Extended ICP-USD+0.0104%1h2.9304−0.020%$22K$131K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9280−0.102%$1.2M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9530+0.751%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9292−0.062%$30K100xas long as short