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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: edgeX against Gate+0.029%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$710.710% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.162%+$16 on $10k
Price spread, last 4 days (all we have)+0.418%+$42 · spread now +0.029%, 7d avg −0.029%
Together, before fees+0.580%+ Points / potential airdropedgeX: Active · farm board+$58 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 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT2.94900.0100pay 0.0100% / 8h6h 17m$1.9M$2.7M50x
ShortedgeX ICPUSDC2.94980.0100get 0.0050% / 4h2h 17m$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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
Price spread: +0.029% → −0.029%
$5.77
Slippage, 4 orders
−$46.95
Fee Gate: 7.5 bp × 2 orders
−$15
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$65.19
Costs to cover
0.710%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 33 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 Gate live order book, 4 min ago1.70 bp21.3 bp −$2142.0 bp −$42064.5 bp −$6,445doesn't fit
Sell edgeX live order book, 33 min ago10.22 bp14.7 bp −$1530.0 bp −$300doesn't fitdoesn't fit

ICP on 27 exchanges

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−0.0180%8h2.9420−0.237%$1.7M$698K50xas long as short
Variational Omni ICP−0.0153%8h2.9459−0.105%$1.0M$157Kas long as short
dYdX ICP-USD0.0000%1h2.9500+0.034%$68K$2K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9497+0.024%$192$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9496+0.021%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.593%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9512+0.075%$136K$471K5xas long as short
Aster ICPUSDT+0.0100%8h2.9513+0.079%$249K$974K20xas long as short
Pacifica ICP+0.0100%1h2.9514+0.080%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9500+0.034%$28.5M$48.0M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9470−0.068%$17.1M$17.5M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.94900.000%$5.8M$13.2M50xas long as short
Gate ICP_USDTlong+0.0100%8h2.9490long leg$1.9M$2.7M50x
MEXC ICP_USDT+0.0100%8h2.9500+0.034%$18.5M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.94900.000%$4.9M$11.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9500+0.034%$7.0M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9480−0.034%$5.7Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9498+0.029%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9502+0.042%$572K$593K10xas long as short
SunX ICP-USDT+0.0100%8h2.9480−0.034%$2K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9470−0.068%$103K$124K20xas long as short
Extended ICP-USD+0.0104%1h2.9491+0.004%$22K$242K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9500+0.034%$1.2M$2.4M75xas long as short
Kraken Futures PF_ICPUSD+0.0353%1h2.9529+0.132%$513K$596K50xas long as short
Coinbase International ICP-PERP-INTX+0.0448%1h2.9570+0.271%$58K$63K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0454% / S −0.0403%1h2.9517+0.091%$33K100xas long as short
Hyperliquid ICP+0.0546%1h2.9538+0.163%$4.6M$4.5M5xas long as short