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

ICP

all ICP markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1327%/8h= +145.3% APRpaid last 24h +0.278%
Price spread now: Extended against Phemex+0.322%7-day average +0.120% · 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 7 days+2.408%+$241 on $10k
Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.322%, 7d avg +0.120%
Together, before fees+2.275%+ Points / potential airdropExtended: Active · farm board+$227 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Extended is 0.203% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.120%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ICPUSDT2.9720−0.1223get 0.1223% / 8h1h 48m$1.7M$779K50x
ShortExtended ICP-USD2.98160.0104get 0.0013% / 1h48m 58s$25K$124K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Phemex. 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
$278.63
Price spread: +0.322% → +0.120%
$20.29
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$281.92
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Phemex: live order book, 4 min ago; Extended: live order book, 31 min ago. 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 Phemex live order book, 4 min ago1.68 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 31 min ago3.86 bp13.0 bp −$1361.1 bp −$611doesn'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
Phemex ICPUSDTlong−0.1223%8h2.9720long leg$1.7M$779K50x
Deribit ICP_USDC-PERPETUAL−0.0220%1h2.9801+0.273%$266$46450xas long as short
Variational Omni ICP−0.0207%8h2.9767+0.160%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.185%$202$200K12xas long as short
Gate ICP_USDT−0.0113%8h2.9810+0.303%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9807+0.293%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9797+0.259%$27K150xas long as short
Bybit ICPUSDT+0.0057%8h2.9830+0.370%$17.2M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9829+0.367%$166K$441K5xas long as short
Aster ICPUSDT+0.0100%8h2.9832+0.378%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9778+0.197%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9830+0.370%$29.0M$49.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9810+0.303%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9830+0.370%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9820+0.336%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9830+0.370%$6.8M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9820+0.336%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9786+0.223%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9784+0.216%$570K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9770+0.168%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9790+0.236%$106K$218K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9816+0.322%$25K$124K10x
BloFin ICP-USDT+0.0220%8h2.9760+0.135%$1.2M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0224%1h2.9814+0.318%$488K$512K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9860+0.471%$63K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0433% / S −0.0367%1h2.9786+0.224%$31K100xas long as short
Hyperliquid ICP+0.0562%1h2.9861+0.474%$4.7M$5.0M5xas long as short