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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.119%
Price spread now: Coinbase International against Variational Omni+1.192%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 1.192% dearer against Variational Omni than usual: you sell high and buy low: +$119 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ICP2.9400−0.0147get 0.0147% / 8h22m 11s$1.0M$135K
ShortCoinbase International ICP-PERP-INTX2.97500.0376get 0.0047% / 1h22m 11s$58K$69K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. 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
$109.89
Price spread: +1.192% → 0.000%
$119.2
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$219.09
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Coinbase International: 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 Variational Omni RFQ quote, 2 min ago4.41 bpdoesn't fit30.9 bp −$309doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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−0.0262%8h2.9410+0.036%$1.7M$685K50xas long as short
Kraken Futures PF_ICPUSD−0.0212%1h2.9438+0.131%$521K$662K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0158%1h2.9392−0.026%$191$43950xas long as short
Variational Omni ICPlong−0.0147%8h2.9400long leg$1.0M$135K
dYdX ICP-USD0.0000%1h2.9434+0.118%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9412+0.043%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.903%$202$200K12xas long as short
Bybit ICPUSDT+0.0055%8h2.9370−0.101%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9397−0.009%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9423+0.080%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9397−0.009%$271K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9427+0.094%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9390−0.032%$28.7M$47.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9380−0.067%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9390−0.033%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9390−0.033%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9400+0.001%$4.9M$11.6M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9410+0.036%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9380−0.067%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9422+0.076%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9410+0.035%$567K$568K10xas long as short
SunX ICP-USDT+0.0100%8h2.9390−0.033%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9410+0.036%$103K$113K20xas long as short
Extended ICP-USD+0.0104%1h2.9385−0.051%$22K$233K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9400+0.001%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTXshort+0.0376%1h2.9750+1.192%$58K$69K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9409+0.032%$32K100xas long as short