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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against SunX0.000%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$206as in the Price arb table
costs, in and out, $10k−$2002.001% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.091%−$9 on $10k
Price spread, last 4 days (all we have)+0.035%+$4 · spread now 0.000%, 7d avg +0.062%
Together, before fees−0.056%−$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: KuCoin is 0.062% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.97100.0100pay 0.0100% / 8h7h 17m$1K$1.4M20x
ShortKuCoin ICPUSDTM2.97100.0100get 0.0100% / 8h7h 17m$4.9M$11.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$0
Price spread: 0.000% → +0.062%
−$6.18
Slippage, 4 orders
−$180.13
Fee SunX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$206.31
Costs to cover
2.001%
Break-even
never at this rate
Slippage from SunX: live order book, 7 min ago; KuCoin: live order book, 11 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 SunX live order book, 7 min ago47.46 bp73.9 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago3.41 bp25.8 bp −$2670.8 bp −$708doesn'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
Kraken Futures PF_ICPUSD−0.0337%1h2.9759+0.166%$527K$622K50xas long as short
Phemex ICPUSDT−0.0259%8h2.9700−0.034%$1.8M$688K50xas long as short
Variational Omni ICP−0.0154%8h2.9686−0.082%$1.1M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0086%1h2.9717+0.024%$193$43950xas long as short
dYdX ICP-USD0.0000%1h2.9731+0.070%$69K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9700−0.034%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.151%$202$200K12xas long as short
Bybit ICPUSDT+0.0074%8h2.9680−0.101%$17.2M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9713+0.010%$136K$491K5xas long as short
Aster ICPUSDT+0.0100%8h2.9744+0.115%$280K$967K20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9705−0.018%$134K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9706−0.013%$29.0M$47.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9680−0.101%$5.8M$13.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9700−0.034%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.97100.000%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h2.97100.000%$4.9M$11.2M50x
Bitget ICPUSDT+0.0100%8h2.9720+0.034%$7.0M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9700−0.034%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9699−0.037%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9690−0.067%$571K$586K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9710long leg$1K$1.4M20x
HTX ICP-USDT+0.0100%8h2.9690−0.067%$103K$114K20xas long as short
Extended ICP-USD+0.0104%1h2.9702−0.027%$23K$231K10xas long as short
BloFin ICP-USDT+0.0220%8h2.97100.000%$1.2M$2.4M75xas long as short
Hyperliquid ICP+0.0238%1h2.9753+0.145%$4.6M$4.5M5xas long as short
Coinbase International ICP-PERP-INTX+0.0416%1h2.9750+0.135%$58K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9699−0.038%$33K100xas long as short