ICP

Alert

Funding spread now, next payment 00:00 UTC+0.0447%/8h

next payment, per $10,000+$4.47paid, last 24h+0.018%paid, last 7 days+0.060%to open and close $10k−$30

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ICPUSDT	2.8930	−0.0395	get 0.0395% / 8h	6h 03m	$16.6M	$16.2M	75x
Short	MEXC ICP_USDT	2.8940	0.0052	get 0.0052% / 8h	6h 03m	$18.2M	$7.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee MEXCbpOrdersRate

Funding earned: $93.85
Slippage, 4 orders: −$19.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: $63.4
Break-even: 2.3 days

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.035%
Avg gap 7d: +0.030%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Bybit live order book, 2 min ago	3.46 bp	11.3 bp −$11	27.0 bp −$270	380.8 bp −$38.1K	doesn't fit
Sell MEXC live order book, 2 min ago	1.73 bp	4.5 bp −$4	14.6 bp −$146	87.8 bp −$8,785	156.4 bp −$78.2K

ICP on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni ICP	−0.0398%	8h	$1.0M	$102K	—	as long as short
Bybit ICPUSDTlong	−0.0395%	8h	$16.6M	$16.2M	75x
Deribit ICP_USDC-PERPETUAL	−0.0233%	1h	$258	$366	50x	as long as short
Gate ICP_USDT	−0.0220%	8h	$1.8M	$2.5M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	$69K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	$26K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	$202	$130K	12x	as long as short
Extended ICP-USD	+0.0048%	1h	$24K	$133K	10x	as long as short
Binance ICPUSDT	+0.0052%	8h	$28.2M	$46.6M	75x	as long as short
MEXC ICP_USDTshort	+0.0052%	8h	$18.2M	$7.3M	50x

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0072%	8h	$5.6M	$14.9M	50x	as long as short
Aster ICPUSDT	+0.0088%	8h	$182K	$1.8M	20x	as long as short
Lighter ICP	+0.0096%	1h	$137K	$342K	5x	as long as short
Pacifica ICP	+0.0100%	1h	$131K	$10K	5x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.0M	$11.7M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.7M	$4.0M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$4.2M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$276K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$1K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$103K	$220K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	$1.7M	$798K	50x	as long as short
Coinbase International ICP-PERP-INTX	+0.0120%	1h	$61K	$85K	50x	as long as short
Kraken Futures PF_ICPUSD	+0.0158%	1h	$472K	$543K	50x	as long as short
BloFin ICP-USDT	+0.0172%	8h	$1.2M	$2.4M	75x	as long as short
Hyperliquid ICP	+0.0227%	1h	$4.5M	$3.5M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0346% / S −0.0230%	1h	$29K	—	100x	as long as short