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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: Gate against edgeX+0.402%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$680.677% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 3 days (all we have)−0.542%−$54 · spread now +0.402%, 7d avg +0.036%
Together, before fees−0.716%+ Points / potential airdropedgeX: Active · farm board−$72 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: Gate is 0.366% dearer against edgeX than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of +0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC3.03980.0100pay 0.0050% / 4h3h 35m$24K$278K10x
ShortGate ICP_USDT3.05200.0100get 0.0100% / 8h7h 35m$2.0M$3.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.402% → +0.036%
$36.58
Slippage, 4 orders
−$43.66
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$31.08
Costs to cover
0.677%
Break-even
never at this rate
Slippage from edgeX: live order book, 38 min ago; Gate: live order book, 3 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, 38 min ago8.29 bp12.8 bp −$1326.4 bp −$264doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago1.64 bp18.4 bp −$1868.8 bp −$688172.0 bp −$17.2Kdoesn'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
Deribit ICP_USDC-PERPETUAL−0.0372%1h3.0512+0.376%$272$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0557+0.525%$557K$598K50xas long as short
Variational Omni ICP−0.0076%8h3.0520+0.403%$1.1M$111Kas long as short
dYdX ICP-USD0.0000%1h3.0580+0.600%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0534+0.449%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.411%$202$200K12xas long as short
Phemex ICPUSDT+0.0034%8h3.0520+0.402%$1.8M$780K50xas long as short
Lighter ICP+0.0096%1h3.0555+0.517%$175K$479K5xas long as short
Aster ICPUSDT+0.0100%8h3.0547+0.491%$301K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0570+0.565%$139K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0520+0.402%$30.5M$52.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0510+0.369%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0500+0.336%$6.2M$17.0M50xas long as short
Gate ICP_USDTshort+0.0100%8h3.0520+0.402%$2.0M$3.0M50x
MEXC ICP_USDT+0.0100%8h3.0520+0.402%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0510+0.369%$5.2M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0530+0.435%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0520+0.402%$5.2Mas long as short
edgeX ICPUSDClong+0.0100%4h3.0398long leg$24K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0337−0.201%$587K$463K10xas long as short
SunX ICP-USDT+0.0100%8h3.0510+0.369%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0460+0.205%$107K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0513+0.377%$23K$118K10xas long as short
Hyperliquid ICP+0.0170%1h3.0556+0.520%$4.8M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0530+0.435%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0520+0.402%$63K$87K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0527+0.426%$38K100xas long as short