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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.019%
Price spread now: Coinbase International against Extended+0.308%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+0.362%+$36 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.308% dearer against Extended than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD3.00470.0104pay 0.0013% / 1h56m 26s$22K$123K10x
ShortCoinbase International ICP-PERP-INTX3.01400.0320get 0.0040% / 1h56m 26s$65K$68K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$45.36
Price spread: +0.308% → 0.000%
$30.79
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$61.15
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 4 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 Extended live order book, 4 min ago3.17 bp12.1 bp −$1269.1 bp −$691doesn'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 26 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
dYdX ICP-USD0.0000%1h2.9987−0.200%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9865−0.607%$266$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0053+0.019%$23K150xas long as short
Variational Omni ICP+0.0029%8h2.9930−0.392%$1.1M$116Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.273%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0011−0.121%$163K$482K5xas long as short
Hyperliquid ICP+0.0100%1h3.0092+0.148%$4.6M$5.0M5xas long as short
Aster ICPUSDT+0.0100%8h2.9970−0.258%$286K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0008−0.131%$136K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0060+0.042%$29.6M$53.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0050+0.008%$17.5M$18.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0050+0.008%$5.8M$17.0M50xas long as short
Gate ICP_USDT+0.0100%8h3.0010−0.125%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0050+0.008%$19.1M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0050+0.008%$4.9M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0060+0.042%$7.1M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h3.0030−0.058%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h2.9949−0.328%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9933−0.382%$581K$480K10xas long as short
SunX ICP-USDT+0.0100%8h2.9870−0.591%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9820−0.757%$104K$182K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9920−0.424%$1.8M$797K50xas long as short
Extended ICP-USDlong+0.0104%1h3.0047long leg$22K$123K10x
Kraken Futures PF_ICPUSD+0.0293%1h2.9904−0.478%$542K$610K50xas long as short
Coinbase International ICP-PERP-INTXshort+0.0320%1h3.0140+0.308%$65K$68K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0507% / S −0.0480%1h2.9869−0.594%$37K100xas long as short