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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against BingX−0.433%70s7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$500.503% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)+0.561%+$56 · spread now −0.433%, 7d avg −0.047%
Together, before fees+0.581%+ Points / potential airdropedgeX: Active · farm board+$58 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 0.386% cheaper against BingX than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT3.05300.0100pay 0.0100% / 8h7h 34m$5.2M
ShortedgeX ICPUSDC3.03980.0100get 0.0050% / 4h3h 34m$24K$278K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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: −0.433% → −0.047%
−$38.61
Slippage, 4 orders
−$31.3
Fee BingX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$88.91
Costs to cover
0.503%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; edgeX: live order book, 38 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 BingX live order book, 11 min ago4.93 bp13.6 bp −$1423.2 bp −$232123.9 bp −$12.4K537.1 bp −$268.5K
Sell edgeX live order book, 38 min ago8.29 bp12.8 bp −$1326.1 bp −$261doesn'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
Deribit ICP_USDC-PERPETUAL−0.0208%1h3.0521−0.029%$272$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0573+0.141%$558K$598K50xas long as short
Variational Omni ICP−0.0076%8h3.0520−0.032%$1.1M$111Kas long as short
dYdX ICP-USD0.0000%1h3.0519−0.035%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0535+0.015%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.833%$202$200K12xas long as short
Phemex ICPUSDT+0.0070%8h3.0520−0.033%$1.8M$780K50xas long as short
Lighter ICP+0.0096%1h3.0551+0.069%$175K$479K5xas long as short
Aster ICPUSDT+0.0100%8h3.0564+0.112%$302K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0531+0.002%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0524−0.020%$30.5M$52.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0520−0.033%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0520−0.033%$6.2M$17.0M50xas long as short
Gate ICP_USDT+0.0100%8h3.05300.000%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.05300.000%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0510−0.066%$5.2M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.05300.000%$7.2M$4.8M50xas long as short
BingX ICP-USDTlong+0.0100%8h3.0530long leg$5.2M
edgeX ICPUSDCshort+0.0100%4h3.0398−0.433%$24K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0337−0.633%$587K$463K10xas long as short
SunX ICP-USDT+0.0100%8h3.0510−0.066%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0480−0.164%$107K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0518−0.039%$26K$123K10xas long as short
Hyperliquid ICP+0.0174%1h3.0570+0.131%$4.8M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.05300.000%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0550+0.066%$63K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0529−0.002%$38K100xas long as short