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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0004%/8hpaid last 24h −0.004%
Price spread now: Extended against Bitget−0.112%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$510.511% 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 3 days (all we have)+0.146%+$15 · spread now −0.112%, 7d avg −0.047%
Together, before fees+0.142%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.065% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT2.93500.0100pay 0.0100% / 8h4h 07m$6.8M$4.3M50x
ShortExtended ICP-USD2.93170.0104get 0.0013% / 1h7m 11s$24K$133K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.112% → −0.047%
−$6.49
Slippage, 4 orders
−$34.08
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$56.73
Costs to cover
0.511%
Break-even
479.8 days
Slippage from Bitget: live order book, 5 min ago; Extended: live order book, 22 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 Bitget live order book, 5 min ago1.71 bp14.7 bp −$1528.1 bp −$281doesn't fitdoesn't fit
Sell Extended live order book, 22 min ago3.25 bp13.7 bp −$1470.5 bp −$705doesn'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
Phemex ICPUSDT−0.0912%8h2.9150−0.681%$1.7M$792K50xas long as short
Kraken Futures PF_ICPUSD−0.0484%1h2.9336−0.049%$483K$534K50xas long as short
Variational Omni ICP−0.0361%8h2.9295−0.188%$1.1M$116Kas long as short
Injective ICP/USDC PERP−0.0291%1h2.9175−0.596%$198$118K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0261%1h2.9324−0.089%$261$46450xas long as short
Bybit ICPUSDT−0.0250%8h2.9290−0.204%$16.8M$16.9M75xas long as short
Gate ICP_USDT−0.0186%8h2.9320−0.102%$1.8M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9355+0.017%$68K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9349−0.003%$26K150xas long as short
OKX ICP-USDT-SWAP+0.0062%8h2.9290−0.204%$5.7M$15.4M50xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ICP+0.0096%1h2.9320−0.102%$194K$370K5xas long as short
Aster ICPUSDT+0.0100%8h2.93500.000%$194K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9319−0.107%$133K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9320−0.102%$28.4M$47.5M75xas long as short
MEXC ICP_USDT+0.0100%8h2.9320−0.102%$19.0M$7.7M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9340−0.034%$5.3M$12.2M50xas long as short
Bitget ICPUSDTlong+0.0100%8h2.9350long leg$6.8M$4.3M50x
BingX ICP-USDT+0.0100%8h2.9320−0.102%$4.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9345−0.018%$23K$276K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9327−0.080%$563K$478K10xas long as short
SunX ICP-USDT+0.0100%8h2.9310−0.136%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9300−0.170%$104K$220K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9317−0.112%$24K$133K10x
BloFin ICP-USDT+0.0220%8h2.9320−0.102%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h2.9400+0.170%$62K$85K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0404% / S −0.0322%1h2.9343−0.023%$30K100xas long as short
Hyperliquid ICP+0.0405%1h2.9356+0.020%$4.8M$4.6M5xas long as short