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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.004%
Price spread now: dYdX against Bybit−0.018%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.096%−$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ICPUSDT2.98700.0100pay 0.0100% / 8h5h 53m$17.4M$18.8M75x
ShortdYdX ICP-USD2.98650get 0.0000% / 1h53m 29s$70K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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
−$21
Price spread: −0.018% → 0.000%
−$1.8
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$43.8
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago1.67 bp12.2 bp −$1234.0 bp −$340doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ICP on 26 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−0.0018%1h2.9884+0.047%$266$46450xas long as short
dYdX ICP-USDshort0.0000%1h2.9865−0.018%$70K$4K5x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9863−0.024%$23K150xas long as short
Variational Omni ICP+0.0032%8h3.0055+0.619%$1.1M$116Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.686%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9882+0.040%$163K$482K5xas long as short
Hyperliquid ICP+0.0100%1h2.9889+0.064%$4.6M$5.0M5xas long as short
Aster ICPUSDT+0.0100%8h2.9866−0.013%$272K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9862−0.027%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9860−0.033%$29.4M$53.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDTlong+0.0100%8h2.9870long leg$17.4M$18.8M75x
OKX ICP-USDT-SWAP+0.0100%8h2.98700.000%$5.8M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9860−0.033%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9860−0.033%$19.0M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9850−0.067%$4.9M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.98700.000%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.98700.000%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h2.9913+0.144%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9861−0.030%$579K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9840−0.100%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9860−0.033%$104K$182K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9930+0.201%$1.8M$797K50xas long as short
Extended ICP-USD+0.0104%1h2.9856−0.046%$22K$123K10xas long as short
Kraken Futures PF_ICPUSD+0.0293%1h2.9927+0.190%$542K$610K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h3.0010+0.469%$65K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0507% / S −0.0480%1h2.9859−0.038%$37K100xas long as short