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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.051%
Price spread now: GMX against SunX+0.052%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
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and GMX is 0.052% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.99600.0100pay 0.0100% / 8h1h 06m$1K$1.8M20x
ShortGMX ICP/USD [WBTC.b-USDC]2.9976L +0.0506% / S −0.0480%get 0.0060% / 1h6m 46s$37K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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
$79.79
Price spread: +0.052% → 0.000%
$5.24
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
$65.03
Costs to cover
0.200%
Break-even
1.3 days
Slippage unknown: SunX: live order book, 8 min ago; 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 SunX live order book, 8 min ago48.36 bp73.2 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell GMX no order-book sample
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−0.1462%8h2.9800−0.534%$1.7M$769K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0184%1h2.9976+0.053%$267$46450xas long as short
Variational Omni ICP−0.0154%8h2.9931−0.097%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.985%$202$200K12xas long as short
Gate ICP_USDT−0.0048%8h2.9980+0.067%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9976+0.053%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9974+0.047%$27K150xas long as short
Lighter ICP+0.0096%1h3.0010+0.167%$160K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9989+0.097%$196K$1.4M20xas long as short
Pacifica ICP+0.0100%1h2.9997+0.122%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9986+0.087%$29.7M$50.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9970+0.033%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9970+0.033%$5.9M$16.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9990+0.100%$19.6M$8.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9980+0.067%$5.1M$12.9M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0000+0.134%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9990+0.100%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9950−0.032%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9971+0.036%$574K$435K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9960long leg$1K$1.8M20x
HTX ICP-USDT+0.0100%8h2.9920−0.134%$106K$220K20xas long as short
Extended ICP-USD+0.0104%1h2.9979+0.063%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9950−0.033%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9996+0.120%$487K$528K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0030+0.234%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]shortL +0.0506% / S −0.0480%1h2.9976+0.052%$37K100x
Hyperliquid ICP+0.0662%1h3.0035+0.250%$4.7M$5.0M5xas long as short