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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Bitget−0.242%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$510.513% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)+0.364%+$36 · spread now −0.242%, 7d avg −0.068%
Together, before fees+0.408%+ Points / potential airdropedgeX: Active · farm board+$41 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 0.174% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT2.94000.0100pay 0.0100% / 8h1h 31m$7.0M$4.6M50x
ShortedgeX ICPUSDC2.93290.0100get 0.0050% / 4h1h 31m$23K$280K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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: −0.242% → −0.068%
−$17.42
Slippage, 4 orders
−$30.27
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$68.69
Costs to cover
0.513%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; edgeX: live order book, 12 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 Bitget live order book, 2 min ago3.41 bp15.9 bp −$1628.1 bp −$281doesn't fitdoesn't fit
Sell edgeX live order book, 12 min ago6.80 bp11.3 bp −$1126.8 bp −$268doesn'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−0.0315%1h2.9394−0.019%$521K$663K50xas long as short
Phemex ICPUSDT−0.0064%8h2.9380−0.068%$1.8M$677K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0056%1h2.9370−0.102%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9356−0.148%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9383−0.057%$10K150xas long as short
Variational Omni ICP+0.0010%8h2.9280−0.409%$1.0M$133Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.901%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9387−0.044%$138K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9420+0.068%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9393−0.022%$261K$1.1M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9366−0.116%$132K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9381−0.066%$28.7M$48.5M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9370−0.102%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9380−0.068%$5.7M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9380−0.068%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9380−0.068%$18.7M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9370−0.102%$4.8M$12.0M50xas long as short
Bitget ICPUSDTlong+0.0100%8h2.9400long leg$7.0M$4.6M50x
BingX ICP-USDT+0.0100%8h2.9380−0.068%$5.7Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9329−0.242%$23K$280K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9336−0.217%$561K$537K10xas long as short
SunX ICP-USDT+0.0100%8h2.9360−0.136%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9430+0.102%$103K$112K20xas long as short
Extended ICP-USD+0.0104%1h2.9375−0.086%$22K$117K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9380−0.068%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9490+0.306%$57K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0410% / S −0.0331%1h2.9374−0.087%$29K100xas long as short