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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: edgeX against Binance−0.318%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$450.446% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 4 days (all we have)+1.334%+$133 · spread now −0.318%, 7d avg −0.046%
Together, before fees+1.395%+ Points / potential airdropedgeX: Active · farm board+$139 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: edgeX is 0.272% cheaper against Binance than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ICPUSDT2.94780.0100pay 0.0100% / 8h19m 28s$28.8M$47.8M75x
ShortedgeX ICPUSDC2.93840.0100get 0.0050% / 4h19m 28s$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Binance. 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: −0.318% → −0.046%
−$27.25
Slippage, 4 orders
−$25.59
Fee Binance: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$71.84
Costs to cover
0.446%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; edgeX: live order book, 18 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 Binance live order book, 8 min ago1.70 bp9.9 bp −$1019.6 bp −$196270.9 bp −$27.1Kdoesn't fit
Sell edgeX live order book, 18 min ago8.48 bp13.0 bp −$1328.5 bp −$285doesn'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−0.0256%8h2.9440−0.129%$1.8M$685K50xas long as short
Kraken Futures PF_ICPUSD−0.0212%1h2.9464−0.047%$521K$661K50xas long as short
Variational Omni ICP−0.0155%8h2.9360−0.401%$1.0M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0124%1h2.9423−0.187%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9435−0.147%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9493+0.050%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.634%$202$200K12xas long as short
Bybit ICPUSDT+0.0055%8h2.9470−0.028%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9453−0.085%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9523+0.152%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9469−0.032%$271K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9461−0.058%$133K$9K5xas long as short
Binance ICPUSDTlong+0.0100%8h2.9478long leg$28.8M$47.8M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9480+0.006%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9460−0.062%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9480+0.006%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9480+0.006%$4.9M$11.6M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9490+0.040%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9480+0.006%$5.6Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9384−0.318%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9387−0.309%$566K$568K10xas long as short
SunX ICP-USDT+0.0100%8h2.9420−0.197%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9420−0.197%$103K$113K20xas long as short
Extended ICP-USD+0.0104%1h2.9452−0.089%$22K$233K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9410−0.231%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+0.922%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9437−0.139%$32K100xas long as short