Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%

Price spread now: OKX against Bitget−0.068%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.492% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.068%, 7d avg −0.031%

Together, before fees−0.038%−$4 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: OKX is 0.037% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ICPUSDT	2.9450	0.0100	pay 0.0100% / 8h	5h 54m	$7.0M	$4.3M	50x
Short	OKX ICP-USDT-SWAP	2.9430	0.0100	get 0.0100% / 8h	5h 54m	$5.8M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $0
Price spread: −0.068% → −0.031%: −$3.74
Slippage, 4 orders: −$27.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.94
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	1.70 bp	13.5 bp −$13	30.8 bp −$308	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.70 bp	10.6 bp −$11	30.0 bp −$300	doesn't fit	doesn't fit

ICP on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex ICPUSDT	−0.0380%	8h	2.9400	−0.170%	$1.7M	$703K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0157%	1h	2.9442	−0.027%	$192	$439	50x	as long as short
Variational Omni ICP	−0.0151%	8h	2.9437	−0.042%	$1.1M	$195K	—	as long as short
dYdX ICP-USD	0.0000%	1h	2.9453	+0.010%	$68K	$2K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0004%	1h	2.9470	+0.068%	$6K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.730%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9450	0.000%	$135K	$452K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9466	+0.054%	$248K	$909K	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9444	−0.022%	$133K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9438	−0.041%	$28.5M	$47.2M	75x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ICPUSDT	+0.0100%	8h	2.9420	−0.102%	$17.1M	$17.2M	75x	as long as short
OKX ICP-USDT-SWAPshort	+0.0100%	8h	2.9430	−0.068%	$5.8M	$12.9M	50x
Gate ICP_USDT	+0.0100%	8h	2.9430	−0.068%	$1.9M	$2.6M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9440	−0.034%	$18.3M	$9.3M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9440	−0.034%	$4.9M	$10.9M	50x	as long as short
Bitget ICPUSDTlong	+0.0100%	8h	2.9450	long leg	$7.0M	$4.3M	50x
BingX ICP-USDT	+0.0100%	8h	2.9430	−0.068%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9452	+0.008%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9462	+0.040%	$571K	$612K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9430	−0.068%	$2K	$1.4M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9450	0.000%	$103K	$124K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9430	−0.067%	$23K	$243K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0187%	1h	2.9464	+0.048%	$511K	$589K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9440	−0.034%	$1.2M	$2.4M	75x	as long as short
Hyperliquid ICP	+0.0283%	1h	2.9486	+0.122%	$4.6M	$4.3M	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0424%	1h	2.9570	+0.407%	$58K	$63K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0425% / S −0.0357%	1h	2.9445	−0.016%	$30K	—	100x	as long as short