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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.036%
Price spread now: Coinbase International against edgeX+0.900%7-day average · you sell dearer than you buy
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+0.316%+$32 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.900% dearer against edgeX than usual: you sell high and buy low: +$90 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.94850.0100pay 0.0050% / 4h15m 03s$23K$280K10x
ShortCoinbase International ICP-PERP-INTX2.97500.0376get 0.0047% / 1h15m 03s$58K$69K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$57.96
Price spread: +0.900% → 0.000%
$89.96
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$128.92
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: edgeX: live order book, 23 min ago; Coinbase International: no order-book sample. 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 edgeX live order book, 23 min ago8.48 bp13.0 bp −$1327.6 bp −$276doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
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 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
Phemex ICPUSDT−0.0258%8h2.9470−0.050%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9505+0.069%$522K$661K50xas long as short
Variational Omni ICP−0.0152%8h2.9460−0.082%$1.0M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0123%1h2.9468−0.057%$192$43950xas long as short
dYdX ICP-USD0.0000%1h2.9517+0.110%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9484−0.004%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.611%$202$200K12xas long as short
Bybit ICPUSDT+0.0055%8h2.9470−0.050%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9480−0.016%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9516+0.106%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9500+0.053%$271K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9489+0.013%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9480−0.016%$28.8M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9480−0.016%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9480−0.016%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9470−0.050%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9480−0.016%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9510+0.086%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9490+0.018%$5.6Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9485long leg$23K$280K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9489+0.014%$560K$576K10xas long as short
SunX ICP-USDT+0.0100%8h2.9480−0.016%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9490+0.018%$103K$114K20xas long as short
Extended ICP-USD+0.0104%1h2.9458−0.089%$26K$238K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9460−0.084%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0376%1h2.9750+0.900%$58K$69K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9472−0.042%$32K100xas long as short