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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0227%/8h= +24.8% APRnext payment +$0.28 per $10,000 · paid last 24h +0.091%
Price spread now: gTrade (Gains Network) against Deribit+0.055%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.055% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ICP_USDC-PERPETUAL2.9436−0.0225get 0.0028% / 1h46m 55s$191$43950x
ShortgTrade (Gains Network) ICP/USD2.9452L +0.0006% / S −0.0002%get 0.0000% / 1h46m 55s$10K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Deribit. 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
$47.57
Price spread: +0.055% → 0.000%
$5.54
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$36.11
Costs to cover
0.170%
Break-even
1.7 days
Slippage unknown: Deribit: no order-book sample; gTrade (Gains Network): 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 Deribit no order-book sample
Sell gTrade (Gains Network) no order-book sample
Deribit and gTrade (Gains Network): 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 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−0.0314%1h2.9457+0.070%$522K$663K50xas long as short
Deribit ICP_USDC-PERPETUALlong−0.0225%1h2.9436long leg$191$43950x
Phemex ICPUSDT−0.0113%8h2.9440+0.014%$1.8M$677K50xas long as short
dYdX ICP-USD0.0000%1h2.9470+0.116%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDshortL +0.0006% / S −0.0002%1h2.9452+0.055%$10K150x
Variational Omni ICP+0.0032%8h2.9415−0.071%$1.0M$132Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.778%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9450+0.048%$139K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9464+0.095%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9436+0.001%$261K$1.1M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9465+0.099%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9417−0.064%$28.8M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9390−0.156%$17.1M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9400−0.122%$5.7M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9420−0.054%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9420−0.054%$18.8M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9420−0.054%$4.8M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9440+0.014%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9420−0.054%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9458+0.076%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9428−0.027%$566K$524K10xas long as short
SunX ICP-USDT+0.0100%8h2.9430−0.020%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9450+0.048%$103K$115K20xas long as short
Extended ICP-USD+0.0104%1h2.9412−0.081%$23K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9470+0.116%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9650+0.727%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0410% / S −0.0331%1h2.9444+0.026%$29K100xas long as short