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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%
Price spread now: MEXC against OKX0.000%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$290.292% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.071%+$7 on $10k
Price spread, last 7 days−0.012%−$1 · spread now 0.000%, 7d avg +0.021%
Together, before fees+0.059%+$6 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: MEXC is 0.021% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP3.03700.0100pay 0.0100% / 8h40m 00s$6.2M$16.8M50x
ShortMEXC ICP_USDT3.03700.0100get 0.0100% / 8h40m 00s$19.3M$9.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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: 0.000% → +0.021%
−$2.12
Slippage, 4 orders
−$19.16
Fee OKX: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$31.28
Costs to cover
0.292%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; MEXC: live order book, 4 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 OKX live order book, 3 min ago1.64 bp10.4 bp −$1034.4 bp −$344doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.64 bp4.5 bp −$510.6 bp −$10670.4 bp −$7,036149.5 bp −$74.8K

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−0.1569%8h3.0360−0.033%$1.8M$766K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0408%1h3.0376+0.020%$271$46450xas long as short
Variational Omni ICP−0.0142%8h3.0401+0.103%$1.1M$107Kas long as short
Gate ICP_USDT−0.0028%8h3.0360−0.033%$2.0M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0428+0.192%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0400+0.099%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.321%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0415+0.148%$159K$452K5xas long as short
Aster ICPUSDT+0.0100%8h3.0379+0.030%$205K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0416+0.152%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.03700.000%$30.0M$51.4M75xas long as short
Bybit ICPUSDT+0.0100%8h3.03700.000%$18.0M$18.4M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h3.0370long leg$6.2M$16.8M50x
MEXC ICP_USDTshort+0.0100%8h3.03700.000%$19.3M$9.2M50x
KuCoin ICPUSDTM+0.0100%8h3.03700.000%$5.0M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0390+0.066%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h3.0380+0.033%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h3.0460+0.295%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0412+0.140%$581K$444K10xas long as short
SunX ICP-USDT+0.0100%8h3.03700.000%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.03700.000%$108K$222K20xas long as short
Extended ICP-USD+0.0104%1h3.0359−0.037%$25K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0171%1h3.0424+0.178%$540K$580K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0430+0.198%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.560%$64K$90K50xas long as short
Hyperliquid ICP+0.0262%1h3.0440+0.230%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0392+0.073%$38K100xas long as short