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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.003%
Price spread now: Extended against Aster−0.023%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$620.623% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.019%−$2 on $10k
Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.023%, 7d avg −0.099%
Together, before fees−0.129%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$13 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: Extended is 0.076% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.099%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ICPUSDT2.98780.0100pay 0.0100% / 8h2h 22m$188K$1.5M20x
ShortExtended ICP-USD2.98720.0104get 0.0013% / 1h22m 11s$24K$123K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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
$0.84
Price spread: −0.023% → −0.099%
$7.6
Slippage, 4 orders
−$49.29
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$53.85
Costs to cover
0.623%
Break-even
455.8 days
Slippage from Aster: live order book, 1 min ago; Extended: live order book, 63 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 Aster live order book, 1 min ago3.35 bp19.9 bp −$20296.8 bp −$2,968doesn't fitdoesn't fit
Sell Extended live order book, 63 min ago3.54 bp12.2 bp −$1277.9 bp −$779doesn'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 ICPUSDT−0.1414%8h2.9680−0.664%$1.7M$779K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0319%1h2.9879+0.002%$266$46450xas long as short
Variational Omni ICP−0.0245%8h2.9864−0.049%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.714%$202$200K12xas long as short
Gate ICP_USDT−0.0094%8h2.9850−0.095%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9889+0.035%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9886+0.027%$27K150xas long as short
Bybit ICPUSDT+0.0013%8h2.9860−0.062%$17.2M$17.6M75xas long as short
Aster ICPUSDTlong+0.0100%8h2.9878long leg$188K$1.5M20x
Pacifica ICP+0.0100%1h2.9883+0.015%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9878−0.002%$29.1M$48.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9870−0.028%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9870−0.028%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9880+0.005%$5.3M$12.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9880+0.005%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9870−0.028%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9855−0.078%$23K$276K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9854−0.082%$572K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9870−0.028%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9790−0.296%$106K$219K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9872−0.023%$24K$123K10x
Lighter ICP+0.0144%1h2.9909+0.102%$167K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0147%1h2.9914+0.118%$490K$518K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9880+0.005%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.039%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0534% / S −0.0529%1h2.9880+0.007%$40K100xas long as short
Hyperliquid ICP+0.0875%1h2.9939+0.201%$4.7M$5.0M5xas long as short