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−0.0116%/8h= −12.7% APRpaid last 24h −0.023%
Price spread now: Extended against BloFin−0.107%54s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$530.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.228%−$23 on $10k
Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.107%, 7d avg −0.032%
Together, before fees−0.080%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.076% cheaper against BloFin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ICP-USDT3.02700.0220pay 0.0220% / 8h18m 13s$1.3M$2.3M75x
ShortExtended ICP-USD3.02370.0104get 0.0013% / 1h18m 13s$25K$118K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$24.36
Price spread: −0.107% → −0.032%
−$7.58
Slippage, 4 orders
−$36.44
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$85.38
Costs to cover
0.534%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 57 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, 5 min ago1.65 bp12.5 bp −$1219.0 bp −$190104.3 bp −$10.4Kdoesn't fit
Sell Extended live order book, 57 min ago3.51 bp12.2 bp −$1263.7 bp −$637doesn'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−0.1373%8h3.0330+0.198%$1.8M$765K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0345%1h3.0251−0.063%$270$46450xas long as short
Variational Omni ICP−0.0122%8h3.0296+0.086%$1.1M$107Kas long as short
Gate ICP_USDT−0.0013%8h3.0240−0.099%$1.9M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0265−0.017%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0265−0.018%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.999%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0274+0.013%$157K$455K5xas long as short
Aster ICPUSDT+0.0100%8h3.0249−0.070%$188K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0257−0.044%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0241−0.097%$29.9M$51.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0240−0.099%$18.0M$18.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0220−0.165%$6.1M$16.8M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0230−0.132%$19.2M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0230−0.132%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0260−0.033%$7.1M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h3.0240−0.099%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0213−0.187%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0258−0.040%$578K$436K10xas long as short
SunX ICP-USDT+0.0100%8h3.0230−0.132%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0210−0.198%$107K$222K20xas long as short
Extended ICP-USDshort+0.0104%1h3.0237−0.107%$25K$118K10x
Kraken Futures PF_ICPUSD+0.0171%1h3.0276+0.021%$537K$578K50xas long as short
BloFin ICP-USDTlong+0.0220%8h3.0270long leg$1.3M$2.3M75x
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.892%$64K$89K50xas long as short
Hyperliquid ICP+0.0259%1h3.0297+0.089%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h3.0253−0.055%$38K100xas long as short