ICP

Alert

Funding spread now, next payment 19:00 UTC−0.0280%/8h

paid, last 24h+0.002%paid, last 3 days+0.069%to open and closeno order book

Long on gTrade (Gains Network)Short on Bybit

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.069% in total (about 8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ICP/USD	2.9018	L +0.0006% / S −0.0010%	pay 0.0001% / 1h	19m 17s	$26K	—	150x
Short	Bybit ICPUSDT	2.8990	−0.0274	pay 0.0274% / 8h	5h 19m	$16.4M	$16.6M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BybitbpOrdersRate

Funding earned: −$58.89
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.89
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.097%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.73 bp	11.2 bp −$11	25.1 bp −$251	266.1 bp −$26.6K	doesn't fit

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Variational Omni ICP	−0.0380%	8h	$1.0M	$114K	—	as long as short
Bybit ICPUSDTshort	−0.0274%	8h	$16.4M	$16.6M	75x
Gate ICP_USDT	−0.0205%	8h	$1.8M	$2.6M	50x	as long as short
Kraken Futures PF_ICPUSD	−0.0044%	1h	$473K	$533K	50x	as long as short
dYdX ICP-USD	0.0000%	1h	$69K	$3K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	$259	$464	50x	as long as short
gTrade (Gains Network) ICP/USDlong	L +0.0006% / S −0.0010%	1h	$26K	—	150x
Injective ICP/USDC PERP	+0.0033%	1h	$197	$101K	12x	as long as short
OKX ICP-USDT-SWAP	+0.0071%	8h	$5.6M	$15.0M	50x	as long as short
MEXC ICP_USDT	+0.0077%	8h	$18.5M	$7.4M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0080%	8h	$28.0M	$47.3M	75x	as long as short
Extended ICP-USD	+0.0080%	1h	$24K	$133K	10x	as long as short
Aster ICPUSDT	+0.0087%	8h	$191K	$1.8M	20x	as long as short
Lighter ICP	+0.0096%	1h	$202K	$356K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	$4.5M	$3.8M	5x	as long as short
Pacifica ICP	+0.0100%	1h	$131K	$10K	5x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.1M	$11.9M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.7M	$4.1M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$4.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$276K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$1K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$103K	$218K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	$1.7M	$796K	50x	as long as short
BloFin ICP-USDT	+0.0198%	8h	$1.2M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0224%	1h	$61K	$84K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0362% / S −0.0248%	1h	$30K	—	100x	as long as short