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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0258%/8h= +28.3% APRpaid last 24h +0.111%
Price spread now: OKX against Deribit+0.003%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 5 days (all we have)no history yet
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: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit ICP_USDC-PERPETUAL2.9379−0.0158get 0.0020% / 1h22m 09s$191$43950x
ShortOKX ICP-USDT-SWAP2.93800.0100get 0.0100% / 8h3h 22m$5.6M$15.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$54.18
Price spread: +0.003% → 0.000%
$0.34
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
$37.52
Costs to cover
0.170%
Break-even
2.2 days
Slippage unknown: Deribit: no order-book sample; OKX: live order book, 1 min ago. 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 OKX live order book, 1 min ago1.70 bp14.6 bp −$1538.3 bp −$383doesn't fitdoesn't fit
Deribit: 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
Deribit ICP_USDC-PERPETUALlong−0.0158%1h2.9379long leg$191$43950x
Kraken Futures PF_ICPUSD−0.0058%1h2.9412+0.111%$524K$597K50xas long as short
dYdX ICP-USD0.0000%1h2.9395+0.053%$68K$3K5xas long as short
Phemex ICPUSDT+0.0002%8h2.9390+0.037%$1.7M$787K50xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9392+0.045%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.973%$202$200K12xas long as short
Variational Omni ICP+0.0081%8h2.9460+0.274%$1.0M$134Kas long as short
Lighter ICP+0.0096%1h2.9394+0.051%$142K$491K5xas long as short
Hyperliquid ICP+0.0100%1h2.9407+0.095%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9396+0.056%$260K$1.5M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9359−0.069%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9380+0.003%$28.8M$48.5M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9370−0.031%$17.0M$17.4M75xas long as short
OKX ICP-USDT-SWAPshort+0.0100%8h2.9380+0.003%$5.6M$15.0M50x
Gate ICP_USDT+0.0100%8h2.9380+0.003%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9390+0.037%$18.6M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9380+0.003%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9390+0.037%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9370−0.031%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9440+0.209%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9439+0.205%$559K$484K10xas long as short
SunX ICP-USDT+0.0100%8h2.9350−0.099%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9360−0.065%$103K$116K20xas long as short
Extended ICP-USD+0.0104%1h2.9372−0.024%$22K$132K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9430+0.174%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0352%1h2.9390+0.037%$60K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9385+0.022%$30K100xas long as short