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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.019%
Price spread now: edgeX against BloFin−0.214%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$530.530% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 3 days (all we have)+0.216%+$22 · spread now −0.214%, 7d avg −0.066%
Together, before fees+0.053%+ Points / potential airdropedgeX: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.148% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ICP-USDT2.98500.0220pay 0.0220% / 8h1h 45m$1.2M$2.3M75x
ShortedgeX ICPUSDC2.97860.0100get 0.0050% / 4h1h 45m$23K$278K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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
−$25.2
Price spread: −0.214% → −0.066%
−$14.75
Slippage, 4 orders
−$31.97
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$92.92
Costs to cover
0.530%
Break-even
never at this rate
Slippage from BloFin: live order book, 2 min ago; edgeX: live order book, 37 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 BloFin live order book, 2 min ago1.67 bp10.4 bp −$1013.9 bp −$139122.1 bp −$12.2Kdoesn't fit
Sell edgeX live order book, 37 min ago8.37 bp12.9 bp −$1327.3 bp −$273doesn'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−0.1237%8h2.9730−0.402%$1.7M$778K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0352%1h2.9864+0.047%$266$46450xas long as short
Variational Omni ICP−0.0207%8h2.9767−0.276%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.620%$202$200K12xas long as short
Gate ICP_USDT−0.0105%8h2.98500.000%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9878+0.094%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9865+0.051%$27K150xas long as short
Bybit ICPUSDT+0.0063%8h2.98500.000%$17.3M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9887+0.124%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9871+0.072%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9887+0.125%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9856+0.021%$29.5M$49.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9860+0.034%$5.8M$15.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9860+0.034%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9860+0.034%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9870+0.067%$6.8M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.98500.000%$4.9Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9786−0.214%$23K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9784−0.221%$570K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9860+0.034%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9840−0.034%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9846−0.014%$25K$124K10xas long as short
BloFin ICP-USDTlong+0.0220%8h2.9850long leg$1.2M$2.3M75x
Kraken Futures PF_ICPUSD+0.0224%1h2.9888+0.127%$489K$512K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9890+0.134%$63K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9856+0.021%$37K100xas long as short
Hyperliquid ICP+0.0572%1h2.9917+0.223%$4.7M$5.0M5xas long as short