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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%
Price spread now: Gate against Extended−0.008%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$660.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.008%, 7d avg +0.011%
Together, before fees−0.113%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.92320.0104pay 0.0013% / 1h35m 26s$23K$134K10x
ShortGate ICP_USDT2.92300.0100get 0.0100% / 8h2h 35m$1.8M$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.008% → +0.011%
−$1.93
Slippage, 4 orders
−$45.74
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$68.5
Costs to cover
0.657%
Break-even
never at this rate
Slippage from Extended: live order book, 10 min ago; Gate: live order book, 2 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, 10 min ago3.94 bp13.8 bp −$1477.4 bp −$774doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago1.72 bp24.6 bp −$2572.0 bp −$720154.2 bp −$15.4Kdoesn'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−0.0230%1h2.9160−0.248%$190$43950xas long as short
Kraken Futures PF_ICPUSD−0.0069%1h2.9166−0.226%$483K$646K50xas long as short
dYdX ICP-USD0.0000%1h2.9243+0.035%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9243+0.037%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.480%$202$200K12xas long as short
Variational Omni ICP+0.0062%8h2.9140−0.314%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9252+0.067%$141K$493K5xas long as short
Hyperliquid ICP+0.0100%1h2.9266+0.115%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9248+0.053%$262K$1.3M20xas long as short
Pacifica ICP+0.0100%1h2.9251+0.064%$133K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9250+0.062%$28.6M$48.7M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9240+0.026%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9240+0.026%$5.6M$14.9M50xas long as short
Gate ICP_USDTshort+0.0100%8h2.9230−0.008%$1.8M$2.8M50x
MEXC ICP_USDT+0.0100%8h2.9240+0.026%$18.0M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9240+0.026%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9250+0.060%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9250+0.060%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9138−0.322%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9162−0.241%$561K$499K10xas long as short
SunX ICP-USDT+0.0100%8h2.9160−0.248%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9140−0.316%$102K$117K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9170−0.213%$1.7M$730K50xas long as short
Extended ICP-USDlong+0.0104%1h2.9232long leg$23K$134K10x
BloFin ICP-USDT+0.0220%8h2.9130−0.350%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9190−0.145%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9246+0.047%$30K100xas long as short