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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%
Price spread now: edgeX against Bybit−0.018%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$500.505% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.117%+$12 on $10k
Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.018%, 7d avg −0.026%
Together, before fees+0.233%+ Points / potential airdropedgeX: Active · farm board+$23 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ICPUSDT3.04600.0100pay 0.0100% / 8h7h 26m$18.1M$18.6M75x
ShortedgeX ICPUSDC3.04550.0100get 0.0050% / 4h3h 26m$24K$278K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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
Price spread: −0.018% → −0.026%
$0.82
Slippage, 4 orders
−$30.5
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$49.68
Costs to cover
0.505%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 46 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 Bybit live order book, 2 min ago3.29 bp13.3 bp −$1339.3 bp −$393doesn't fitdoesn't fit
Sell edgeX live order book, 46 min ago8.29 bp12.8 bp −$1326.1 bp −$261doesn'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
Deribit ICP_USDC-PERPETUAL−0.0308%1h3.0457−0.010%$271$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0509+0.159%$556K$598K50xas long as short
Variational Omni ICP−0.0066%8h3.0500+0.132%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0465+0.018%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0464+0.014%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.610%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0493+0.108%$174K$480K5xas long as short
Aster ICPUSDT+0.0100%8h3.0480+0.066%$337K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0444−0.052%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0470+0.033%$30.5M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDTlong+0.0100%8h3.0460long leg$18.1M$18.6M75x
OKX ICP-USDT-SWAP+0.0100%8h3.0480+0.066%$6.2M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h3.0470+0.033%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.04600.000%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0450−0.033%$5.1M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0480+0.066%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0450−0.033%$5.2Mas long as short
edgeX ICPUSDCshort+0.0100%4h3.0455−0.018%$24K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0503+0.141%$579K$475K10xas long as short
SunX ICP-USDT+0.0100%8h3.0450−0.033%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0450−0.033%$107K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0510+0.164%$1.8M$778K50xas long as short
Extended ICP-USD+0.0104%1h3.0453−0.023%$23K$143K10xas long as short
Hyperliquid ICP+0.0166%1h3.0501+0.135%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0430−0.098%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0430−0.098%$63K$65K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0510% / S −0.0480%1h3.0469+0.029%$38K100xas long as short