ICP

Alert

Funding spread now, next payment 16:00 UTC−0.0372%/8h

paid, last 24h−0.005%paid, last 3 days−0.038%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.038% in total (about -4.6% a year). A funding rate is set anew for every payment. 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	dYdX ICP-USD	2.9666	0	get 0.0000% / 1h	45m 22s	$70K	$3K	5x
Short	Variational Omni ICP	2.9627	−0.0372	pay 0.0372% / 8h	45m 22s	$1.1M	$80K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Variational OmnibpOrdersRate

Funding earned: −$78.02
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$88.02
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.

Price risk

price view

Price gap now: −0.134%
Avg gap 7d: —

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 dYdX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	4.41 bp	doesn't fit	17.8 bp −$178	doesn't fit	doesn't fit

dYdX: 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 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit ICP_USDC-PERPETUAL	−0.0900%	1h	$163	$167	50x	as long as short
Phemex ICPUSDT	−0.0765%	8h	$1.7M	$758K	50x	as long as short
Kraken Futures PF_ICPUSD	−0.0669%	1h	$508K	$558K	50x	as long as short
Variational Omni ICPshort	−0.0372%	8h	$1.1M	$80K	—
Bybit ICPUSDT	−0.0206%	8h	$16.5M	$15.1M	75x	as long as short
OKX ICP-USDT-SWAP	−0.0020%	8h	$5.8M	$15.9M	50x	as long as short
Gate ICP_USDT	−0.0006%	8h	$1.8M	$2.3M	50x	as long as short
dYdX ICP-USDlong	0.0000%	1h	$70K	$3K	5x
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	$26K	—	150x	as long as short
Binance ICPUSDT	+0.0012%	8h	$28.6M	$47.2M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ICP_USDT	+0.0014%	8h	$18.5M	$7.1M	50x	as long as short
Extended ICP-USD	+0.0016%	1h	$26K	$133K	10x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	$202	$164K	12x	as long as short
BloFin ICP-USDT	+0.0070%	8h	$1.2M	$2.4M	75x	as long as short
Lighter ICP	+0.0096%	1h	$146K	$318K	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0096%	1h	$67K	$120K	50x	as long as short
Aster ICPUSDT	+0.0100%	8h	$177K	$1.9M	20x	as long as short
Pacifica ICP	+0.0100%	1h	$134K	$11K	5x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.0M	$11.1M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.8M	$3.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$3.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$275K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$2K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$112K	$284K	20x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0238%	1h	$30K	—	100x	as long as short
Hyperliquid ICP	+0.0940%	1h	$4.9M	$3.6M	5x	as long as short