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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: OKX against Bybit0.000%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$470.474% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 7 days+0.006%+$1 · spread now 0.000%, 7d avg +0.009%
Together, before fees−0.005%$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ICPUSDT3.02400.0100pay 0.0100% / 8h18m 52s$18.0M$18.4M75x
ShortOKX ICP-USDT-SWAP3.02400.0100get 0.0100% / 8h18m 52s$6.1M$16.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: 0.000% → +0.009%
−$0.89
Slippage, 4 orders
−$26.37
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$48.27
Costs to cover
0.474%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 5 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 Bybit live order book, 5 min ago1.65 bp11.9 bp −$1238.5 bp −$385588.1 bp −$58.8Kdoesn't fit
Sell OKX live order book, 5 min ago3.30 bp10.7 bp −$1134.1 bp −$341doesn'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−0.1381%8h3.0330+0.298%$1.8M$765K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0312%1h3.0253+0.043%$270$46450xas long as short
Variational Omni ICP−0.0122%8h3.0296+0.185%$1.1M$107Kas long as short
Gate ICP_USDT−0.0015%8h3.02400.000%$1.9M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0265+0.082%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0270+0.099%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.901%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0273+0.109%$157K$455K5xas long as short
Aster ICPUSDT+0.0100%8h3.0242+0.005%$188K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0260+0.066%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.02400.000%$29.9M$51.7M75xas long as short
Bybit ICPUSDTlong+0.0100%8h3.0240long leg$18.0M$18.4M75x
OKX ICP-USDT-SWAPshort+0.0100%8h3.02400.000%$6.1M$16.8M50x
MEXC ICP_USDT+0.0100%8h3.0250+0.033%$19.2M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.02400.000%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0260+0.066%$7.1M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h3.02400.000%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0213−0.088%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0258+0.059%$578K$436K10xas long as short
SunX ICP-USDT+0.0100%8h3.02400.000%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0260+0.066%$108K$222K20xas long as short
Extended ICP-USD+0.0104%1h3.0238−0.005%$25K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0171%1h3.0299+0.193%$537K$578K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0270+0.099%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.992%$64K$89K50xas long as short
Hyperliquid ICP+0.0258%1h3.0301+0.201%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h3.0265+0.084%$38K100xas long as short