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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: SunX against Extended+0.162%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1751.748% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$6 on $10k
Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.162%, 7d avg +0.004%
Together, before fees−0.068%+ Points / potential airdropExtended: Active · farm board−$7 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: SunX is 0.157% dearer against Extended than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.94030.0104pay 0.0013% / 1h54m 32s$23K$127K10x
ShortSunX ICP-USDT2.94500.0100get 0.0100% / 8h1h 54m$1K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.162% → +0.004%
$15.71
Slippage, 4 orders
−$161.85
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$159.97
Costs to cover
1.748%
Break-even
never at this rate
Slippage from Extended: live order book, 51 min ago; SunX: live order book, 10 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 ago3.94 bp13.8 bp −$1477.4 bp −$774doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago49.09 bp74.6 bp −$75doesn't fitdoesn'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
Kraken Futures PF_ICPUSD−0.0315%1h2.9442+0.134%$522K$664K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0293%1h2.9434+0.107%$191$43950xas long as short
Phemex ICPUSDT−0.0127%8h2.9450+0.162%$1.8M$676K50xas long as short
dYdX ICP-USD0.0000%1h2.9447+0.151%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9474+0.244%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.893%$202$200K12xas long as short
Variational Omni ICP+0.0047%8h2.9450+0.161%$1.0M$132Kas long as short
Lighter ICP+0.0096%1h2.9438+0.121%$139K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9461+0.197%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9420+0.060%$261K$1.2M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9440+0.126%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9401−0.004%$28.8M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9380−0.077%$17.1M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9400−0.009%$5.7M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9410+0.026%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9410+0.026%$18.5M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9430+0.094%$4.8M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9430+0.094%$7.0M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9410+0.026%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9529+0.432%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9498+0.326%$568K$524K10xas long as short
SunX ICP-USDTshort+0.0100%8h2.9450+0.162%$1K$1.5M20x
HTX ICP-USDT+0.0100%8h2.9420+0.060%$103K$118K20xas long as short
Extended ICP-USDlong+0.0104%1h2.9403long leg$23K$127K10x
BloFin ICP-USDT+0.0220%8h2.9430+0.094%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9650+0.842%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0433% / S −0.0367%1h2.9468+0.224%$31K100xas long as short