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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: edgeX against Extended−0.116%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$510.511% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+1.162%+$116 · spread now −0.116%, 7d avg −0.014%
Together, before fees+1.214%+ Points / potential airdropExtended: Active · edgeX: Active · farm board+$121 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: edgeX is 0.102% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.95060.0104pay 0.0013% / 1h16m 39s$26K$238K10x
ShortedgeX ICPUSDC2.94720.0100get 0.0050% / 4h16m 39s$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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: −0.116% → −0.014%
−$10.18
Slippage, 4 orders
−$37.08
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$62.09
Costs to cover
0.511%
Break-even
never at this rate
Slippage from Extended: live order book, 20 min ago; edgeX: live order book, 21 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, 20 min ago3.73 bp13.0 bp −$1380.9 bp −$809doesn't fitdoesn't fit
Sell edgeX live order book, 21 min ago8.48 bp13.0 bp −$1328.5 bp −$285doesn't fitdoesn'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
Phemex ICPUSDT−0.0254%8h2.9510+0.013%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9534+0.096%$522K$661K50xas long as short
Variational Omni ICP−0.0155%8h2.9360−0.496%$1.0M$135Kas long as short
dYdX ICP-USD0.0000%1h2.9544+0.129%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9487−0.065%$192$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9493−0.045%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.538%$202$200K12xas long as short
Bybit ICPUSDT+0.0058%8h2.9490−0.055%$17.1M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9522+0.054%$138K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9542+0.122%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9519+0.044%$272K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9519+0.044%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9507+0.003%$28.8M$47.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9490−0.055%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9520+0.047%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9500−0.021%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9510+0.013%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9520+0.047%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9520+0.047%$5.6Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9472−0.116%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9489−0.058%$560K$576K10xas long as short
SunX ICP-USDT+0.0100%8h2.9480−0.089%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9460−0.156%$103K$113K20xas long as short
Extended ICP-USDlong+0.0104%1h2.9506long leg$26K$238K10x
BloFin ICP-USDT+0.0220%8h2.9500−0.021%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+0.827%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9490−0.056%$33K100xas long as short