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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: MEXC against edgeX+0.456%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs+$11as in the Price arb table
costs, in and out, $10k−$300.299% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.062%−$6 on $10k
Price spread, last 4 days (all we have)−0.543%−$54 · spread now +0.456%, 7d avg +0.044%
Together, before fees−0.605%+ Points / potential airdropedgeX: Active · farm board−$60 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: MEXC is 0.412% dearer against edgeX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.94060.0100pay 0.0050% / 4h1h 23m$23K$278K10x
ShortMEXC ICP_USDT2.95400.0100get 0.0100% / 8h1h 23m$19.0M$10.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.456% → +0.044%
$41.16
Slippage, 4 orders
−$20.92
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
$11.23
Costs to cover
0.299%
Break-even
from the start
Slippage from edgeX: live order book, 20 min ago; MEXC: live order book, 1 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, 20 min ago6.80 bp11.3 bp −$1127.0 bp −$270doesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago1.69 bp3.6 bp −$411.6 bp −$11662.1 bp −$6,207129.1 bp −$64.5K

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−0.0313%1h2.9566+0.543%$524K$648K50xas long as short
Phemex ICPUSDT−0.0072%8h2.9530+0.422%$1.8M$676K50xas long as short
dYdX ICP-USD0.0000%1h2.9532+0.430%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9543+0.466%$192$43950xas long as short
Variational Omni ICP+0.0001%8h2.9475+0.234%$1.0M$133Kas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9533+0.433%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.881%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9548+0.483%$139K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9582+0.599%$4.6M$4.7M5xas long as short
Aster ICPUSDT+0.0100%8h2.9565+0.542%$272K$1.1M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9544+0.470%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9550+0.491%$28.9M$48.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9520+0.388%$17.2M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9540+0.456%$5.7M$15.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9530+0.422%$1.9M$2.9M50xas long as short
MEXC ICP_USDTshort+0.0100%8h2.9540+0.456%$19.0M$10.0M50x
KuCoin ICPUSDTM+0.0100%8h2.9540+0.456%$4.8M$12.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9560+0.524%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9530+0.422%$5.7Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9406long leg$23K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9430+0.082%$567K$550K10xas long as short
SunX ICP-USDT+0.0100%8h2.9490+0.286%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9470+0.218%$103K$112K20xas long as short
Extended ICP-USD+0.0104%1h2.9544+0.469%$22K$117K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9520+0.388%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9550+0.490%$57K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9527+0.411%$33K100xas long as short