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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.047%
Price spread now: SunX against Coinbase International−0.778%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.323%−$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.778% cheaper against Coinbase International than usual: you would sell low and buy high (−$78 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ICP-PERP-INTX2.95700.0424pay 0.0053% / 1h48m 42s$58K$63K50x
ShortSunX ICP-USDT2.93400.0100get 0.0100% / 8h5h 48m$1K$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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
−$68.04
Price spread: −0.778% → 0.000%
−$77.78
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$163.82
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; SunX: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell SunX live order book, 9 min ago49.23 bp74.8 bp −$75doesn't fitdoesn't fitdoesn't fit
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ICP on 27 exchanges

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−0.0351%8h2.9360−0.710%$1.7M$703K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0227%1h2.9345−0.761%$191$43950xas long as short
Variational Omni ICP−0.0156%8h2.9358−0.719%$1.1M$195Kas long as short
dYdX ICP-USD0.0000%1h2.9352−0.736%$68K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9435−0.457%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.321%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9360−0.710%$135K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9372−0.669%$251K$909K20xas long as short
Pacifica ICP+0.0100%1h2.9350−0.745%$132K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9350−0.744%$28.4M$47.0M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9330−0.812%$17.1M$17.1M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9330−0.812%$5.7M$12.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9330−0.812%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9350−0.744%$18.4M$9.4M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9350−0.744%$4.9M$10.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9350−0.744%$7.0M$4.3M50xas long as short
BingX ICP-USDT+0.0100%8h2.9330−0.812%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9372−0.671%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9423−0.499%$570K$612K10xas long as short
SunX ICP-USDTshort+0.0100%8h2.9340−0.778%$1K$1.4M20x
HTX ICP-USDT+0.0100%8h2.9350−0.744%$102K$124K20xas long as short
Extended ICP-USD+0.0104%1h2.9330−0.811%$23K$242K10xas long as short
Kraken Futures PF_ICPUSD+0.0188%1h2.9382−0.636%$523K$592K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9360−0.710%$1.2M$2.3M75xas long as short
Hyperliquid ICP+0.0274%1h2.9393−0.599%$4.6M$4.3M5xas long as short
Coinbase International ICP-PERP-INTXlong+0.0424%1h2.9570long leg$58K$63K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0425% / S −0.0357%1h2.9402−0.569%$30K100xas long as short