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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.002%
Price spread now: Injective against dYdX+0.097%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 7 days+0.012%+$1 on $10k
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 +$1 a day on $10k at the current rate, and Injective is 0.097% dearer against dYdX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ICP-USD2.96360get 0.0000% / 1h20m 02s$69K$3K5x
ShortInjective ICP/USDC PERP2.96650.0033get 0.0004% / 1h20m 02s$202$200K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against dYdX. 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
$7
Price spread: +0.097% → 0.000%
$9.72
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$6.7
Costs to cover
0.100%
Break-even
0.3 days
Slippage unknown: dYdX: no order-book sample; Injective: 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 dYdX no order-book sample
Sell Injective no order-book sample
dYdX and Injective: 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-PERPETUAL−0.0155%1h2.9600−0.122%$264$46450xas long as short
dYdX ICP-USDlong0.0000%1h2.9636long leg$69K$3K5x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9612−0.081%$22K150xas long as short
Injective ICP/USDC PERPshort+0.0033%1h2.9665+0.097%$202$200K12x
Phemex ICPUSDT+0.0048%8h2.9580−0.190%$1.8M$791K50xas long as short
Variational Omni ICP+0.0093%8h2.9610−0.090%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9633−0.011%$157K$487K5xas long as short
Aster ICPUSDT+0.0100%8h2.9627−0.031%$263K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9628−0.026%$134K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9596−0.135%$29.0M$50.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9590−0.156%$17.1M$18.3M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9600−0.122%$5.7M$16.1M50xas long as short
Gate ICP_USDT+0.0100%8h2.9610−0.088%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9610−0.088%$19.9M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9600−0.122%$4.8M$12.6M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9620−0.055%$6.9M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9610−0.088%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9645+0.029%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9651+0.051%$564K$459K10xas long as short
SunX ICP-USDT+0.0100%8h2.9590−0.156%$2K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9630−0.021%$104K$150K20xas long as short
Extended ICP-USD+0.0104%1h2.9592−0.150%$23K$130K10xas long as short
Hyperliquid ICP+0.0162%1h2.9636−0.001%$4.6M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9640+0.013%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9820+0.620%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0535% / S −0.0528%1h2.9609−0.093%$39K100xas long as short
Kraken Futures PF_ICPUSD+0.0570%1h2.9630−0.021%$520K$601K50xas long as short