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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%
Price spread now: Binance against Extended−0.021%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$450.448% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.001%$0 on $10k
Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.021%, 7d avg +0.033%
Together, before fees+0.084%+ Points / potential airdropExtended: Active · farm board+$8 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 0.055% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.97430.0104pay 0.0013% / 1h9m 11s$23K$122K10x
ShortBinance ICPUSDT2.97370.0100get 0.0100% / 8h5h 09m$29.2M$53.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.84
Price spread: −0.021% → +0.033%
−$5.47
Slippage, 4 orders
−$29.83
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$51.15
Costs to cover
0.448%
Break-even
never at this rate
Slippage from Extended: live order book, 51 min ago; Binance: 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 Extended live order book, 51 min ago3.17 bp12.1 bp −$1269.1 bp −$691doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago1.68 bp10.0 bp −$1024.5 bp −$245188.2 bp −$18.8Kdoesn'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−0.0052%1h2.9747+0.013%$265$46450xas long as short
dYdX ICP-USD0.0000%1h2.9742−0.003%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9752+0.032%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.263%$202$200K12xas long as short
Variational Omni ICP+0.0080%8h2.9809+0.222%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9765+0.074%$160K$486K5xas long as short
Aster ICPUSDT+0.0100%8h2.9762+0.065%$273K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9746+0.010%$135K$10K5xas long as short
Binance ICPUSDTshort+0.0100%8h2.9737−0.021%$29.2M$53.2M75x
Bybit ICPUSDT+0.0100%8h2.9730−0.044%$17.3M$18.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9740−0.010%$5.8M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9730−0.044%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9750+0.023%$19.8M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9730−0.044%$4.8M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9760+0.057%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9730−0.044%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9832+0.299%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9882+0.466%$567K$483K10xas long as short
SunX ICP-USDT+0.0100%8h2.9740−0.010%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9690−0.178%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9730−0.044%$1.8M$794K50xas long as short
Extended ICP-USDlong+0.0104%1h2.9743long leg$23K$122K10x
Hyperliquid ICP+0.0121%1h2.9780+0.124%$4.6M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9760+0.057%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9778+0.117%$525K$643K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9850+0.359%$67K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9757+0.047%$37K100xas long as short