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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: BingX against Extended−0.023%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$430.430% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.032%+$3 on $10k
Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.023%, 7d avg +0.020%
Together, before fees+0.044%+ Points / potential airdropExtended: Active · farm board+$4 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: BingX is 0.044% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD3.02770.0104pay 0.0013% / 1h23m 09s$25K$118K10x
ShortBingX ICP-USDT3.02700.0100get 0.0100% / 8h23m 09s$5.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.023% → +0.020%
−$4.37
Slippage, 4 orders
−$28.03
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$48.24
Costs to cover
0.430%
Break-even
never at this rate
Slippage from Extended: live order book, 52 min ago; BingX: live order book, 12 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, 52 min ago3.51 bp11.7 bp −$1266.5 bp −$665doesn't fitdoesn't fit
Sell BingX live order book, 12 min ago1.65 bp10.6 bp −$1117.7 bp −$17755.1 bp −$5,508474.3 bp −$237.1K

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−0.1414%8h3.0330+0.175%$1.8M$765K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0311%1h3.0260−0.056%$270$46450xas long as short
Variational Omni ICP−0.0122%8h3.0212−0.217%$1.1M$107Kas long as short
Gate ICP_USDT−0.0015%8h3.0280+0.010%$1.9M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0205−0.239%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0255−0.075%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.022%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0306+0.096%$157K$454K5xas long as short
Aster ICPUSDT+0.0100%8h3.0264−0.042%$190K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0220−0.188%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0282+0.017%$29.9M$51.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0280+0.010%$18.0M$18.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0270−0.023%$6.1M$16.8M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0270−0.023%$19.1M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0230−0.155%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0290+0.043%$7.1M$4.7M50xas long as short
BingX ICP-USDTshort+0.0100%8h3.0270−0.023%$5.2M
edgeX ICPUSDC+0.0100%4h3.0178−0.327%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0232−0.148%$577K$436K10xas long as short
SunX ICP-USDT+0.0100%8h3.0250−0.089%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0200−0.255%$107K$222K20xas long as short
Extended ICP-USDlong+0.0104%1h3.0277long leg$25K$118K10x
Kraken Futures PF_ICPUSD+0.0171%1h3.0296+0.062%$537K$578K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0300+0.076%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.868%$64K$89K50xas long as short
Hyperliquid ICP+0.0245%1h3.0337+0.198%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h3.0258−0.063%$38K100xas long as short