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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Binance against edgeX−0.123%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$480.476% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)−0.455%−$46 · spread now −0.123%, 7d avg +0.048%
Together, before fees−0.509%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.171% cheaper against edgeX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.94980.0100pay 0.0050% / 4h3h 32m$23K$279K10x
ShortBinance ICPUSDT2.94620.0100get 0.0100% / 8h7h 32m$28.8M$48.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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: −0.123% → +0.048%
−$17.1
Slippage, 4 orders
−$28.56
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Binance: 5 bp × 2 orders
−$10
Net
−$64.67
Costs to cover
0.476%
Break-even
never at this rate
Slippage from edgeX: live order book, 65 min ago; Binance: live order book, 9 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 edgeX live order book, 65 min ago8.48 bp13.0 bp −$1327.6 bp −$276doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago1.70 bp9.1 bp −$918.2 bp −$182174.9 bp −$17.5Kdoesn'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
Kraken Futures PF_ICPUSD−0.0341%1h2.9466−0.111%$522K$655K50xas long as short
Variational Omni ICP−0.0157%8h2.9490−0.028%$1.0M$135Kas long as short
dYdX ICP-USD0.0000%1h2.9433−0.223%$69K$1K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9428−0.239%$191$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9460−0.130%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.565%$202$200K12xas long as short
Phemex ICPUSDT+0.0052%8h2.9460−0.130%$1.7M$687K50xas long as short
Bybit ICPUSDT+0.0057%8h2.9410−0.300%$17.1M$17.8M75xas long as short
Lighter ICP+0.0096%1h2.9456−0.144%$137K$487K5xas long as short
Aster ICPUSDT+0.0100%8h2.9474−0.082%$277K$1.0M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9416−0.280%$133K$9K5xas long as short
Binance ICPUSDTshort+0.0100%8h2.9462−0.123%$28.8M$48.1M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9440−0.198%$5.7M$14.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9440−0.198%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9460−0.130%$19.4M$9.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9470−0.096%$4.9M$11.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9460−0.130%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9430−0.232%$5.7Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9498long leg$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9480−0.063%$560K$589K10xas long as short
SunX ICP-USDT+0.0100%8h2.9420−0.266%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9400−0.333%$103K$115K20xas long as short
Extended ICP-USD+0.0104%1h2.9452−0.157%$22K$233K10xas long as short
Hyperliquid ICP+0.0134%1h2.9513+0.050%$4.5M$4.6M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9430−0.232%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0416%1h2.9540+0.141%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0455% / S −0.0403%1h2.9419−0.270%$32K100xas long as short