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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.019%
Price spread now: edgeX against BloFin−0.027%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$540.537% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.177%−$18 on $10k
Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.027%, 7d avg −0.058%
Together, before fees−0.065%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.032% dearer against BloFin than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.058%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ICP-USDT2.94800.0220pay 0.0220% / 8h13m 11s$1.2M$2.4M75x
ShortedgeX ICPUSDC2.94720.0100get 0.0050% / 4h13m 11s$23K$280K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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
−$25.2
Price spread: −0.027% → −0.058%
$3.19
Slippage, 4 orders
−$32.72
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$75.74
Costs to cover
0.537%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; edgeX: live order book, 25 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 BloFin live order book, 5 min ago3.39 bp15.6 bp −$1624.2 bp −$242122.2 bp −$12.2Kdoesn't fit
Sell edgeX live order book, 25 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−0.0260%8h2.9470−0.034%$1.8M$686K50xas long as short
Kraken Futures PF_ICPUSD−0.0211%1h2.9513+0.113%$522K$661K50xas long as short
Variational Omni ICP−0.0152%8h2.9460−0.066%$1.0M$135Kas long as short
dYdX ICP-USD0.0000%1h2.9516+0.123%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9476−0.014%$192$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9484+0.014%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.628%$202$200K12xas long as short
Bybit ICPUSDT+0.0055%8h2.9460−0.068%$17.0M$17.9M75xas long as short
Lighter ICP+0.0096%1h2.9486+0.020%$137K$489K5xas long as short
Hyperliquid ICP+0.0100%1h2.9515+0.118%$4.5M$4.6M5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ICPUSDT+0.0100%8h2.9492+0.040%$271K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9497+0.058%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9478−0.006%$28.7M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9460−0.068%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9470−0.034%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9470−0.034%$19.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9470−0.034%$4.9M$11.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9490+0.034%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.94800.000%$5.6Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9472−0.027%$23K$280K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9459−0.071%$559K$576K10xas long as short
SunX ICP-USDT+0.0100%8h2.9470−0.034%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9440−0.136%$103K$115K20xas long as short
Extended ICP-USD+0.0104%1h2.9472−0.027%$26K$238K10xas long as short
BloFin ICP-USDTlong+0.0220%8h2.9480long leg$1.2M$2.4M75x
Coinbase International ICP-PERP-INTX+0.0376%1h2.9750+0.916%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0456% / S −0.0403%1h2.9472−0.026%$32K100xas long as short