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+0.0397%/8h= +43.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.102%
Price spread now: GMX against gTrade (Gains Network)+0.010%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ICP/USD2.9470L +0.0006% / S −0.0004%pay 0.0001% / 1h10m 48s$6K150x
ShortGMX ICP/USD [WBTC.b-USDC]2.9473L +0.0456% / S −0.0403%get 0.0050% / 1h10m 48s$32K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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
$83.39
Price spread: +0.010% → 0.000%
$1
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$62.39
Costs to cover
0.220%
Break-even
1.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: 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 gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) and GMX: 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 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−0.0256%8h2.9450−0.068%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9505+0.119%$522K$659K50xas long as short
Variational Omni ICP−0.0153%8h2.9441−0.097%$1.0M$135Kas long as short
dYdX ICP-USD0.0000%1h2.9491+0.073%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9465−0.017%$192$43950xas long as short
gTrade (Gains Network) ICP/USDlongL +0.0006% / S −0.0004%1h2.9470long leg$6K150x
Injective ICP/USDC PERP+0.0033%1h2.9665+0.662%$202$200K12xas long as short
Bybit ICPUSDT+0.0054%8h2.9490+0.068%$17.1M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9495+0.085%$138K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9497+0.092%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9495+0.084%$272K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9498+0.094%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9508+0.129%$28.8M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9510+0.136%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.94700.000%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9500+0.102%$19.2M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9460−0.034%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9520+0.170%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.94700.000%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9472+0.007%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9469−0.003%$559K$576K10xas long as short
SunX ICP-USDT+0.0100%8h2.9460−0.034%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.94700.000%$103K$115K20xas long as short
Extended ICP-USD+0.0104%1h2.9467−0.011%$26K$235K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9480+0.034%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+0.950%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]shortL +0.0456% / S −0.0403%1h2.9473+0.010%$32K100x