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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.016%
Price spread now: Coinbase International against Bitget+0.033%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+0.344%+$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 +$5 a day on $10k at the current rate, and Coinbase International is 0.033% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT3.01700.0100pay 0.0100% / 8h6h 21m$7.1M$4.9M50x
ShortCoinbase International ICP-PERP-INTX3.01800.0256get 0.0032% / 1h21m 54s$65K$71K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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
$32.76
Price spread: +0.033% → 0.000%
$3.31
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$14.07
Costs to cover
0.220%
Break-even
4.0 days
Slippage unknown: Bitget: 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 Bitget live order book, 1 min ago3.32 bp14.8 bp −$1521.6 bp −$216doesn'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 26 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
Deribit ICP_USDC-PERPETUAL−0.0147%1h3.0178+0.027%$269$46450xas long as short
dYdX ICP-USD0.0000%1h3.0187+0.057%$70K$4K5xas long as short
Variational Omni ICP+0.0002%8h3.0160−0.033%$1.1M$118Kas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0182+0.041%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.674%$202$200K12xas long as short
Phemex ICPUSDT+0.0092%8h3.0110−0.199%$1.8M$793K50xas long as short
Lighter ICP+0.0096%1h3.0202+0.106%$165K$491K5xas long as short
Aster ICPUSDT+0.0100%8h3.0180+0.033%$281K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0189+0.062%$137K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0145−0.081%$29.8M$53.9M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0150−0.066%$17.7M$19.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0130−0.133%$5.9M$17.2M50xas long as short
Gate ICP_USDT+0.0100%8h3.0150−0.066%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0160−0.033%$19.5M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0140−0.099%$4.9M$13.4M50xas long as short
Bitget ICPUSDTlong+0.0100%8h3.0170long leg$7.1M$4.9M50x
BingX ICP-USDT+0.0100%8h3.0150−0.066%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0111−0.195%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0171+0.004%$585K$491K10xas long as short
SunX ICP-USDT+0.0100%8h3.0160−0.033%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0140−0.099%$105K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0161−0.029%$22K$131K10xas long as short
Hyperliquid ICP+0.0235%1h3.0197+0.089%$4.7M$5.0M5xas long as short
Coinbase International ICP-PERP-INTXshort+0.0256%1h3.0180+0.033%$65K$71K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0510% / S −0.0480%1h3.0174+0.014%$38K100xas long as short
Kraken Futures PF_ICPUSD+0.0889%1h3.0214+0.147%$548K$611K50xas long as short