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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.019%
Price spread now: BloFin against edgeX−0.112%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$460.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.177%+$18 on $10k
Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.112%, 7d avg +0.056%
Together, before fees+0.291%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.168% cheaper against edgeX than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.056%). If the spread goes back, that is −$17 on $10k: about 4.7 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.96630.0100pay 0.0050% / 4h1h 02m$23K$279K10x
ShortBloFin ICP-USDT2.96300.0220get 0.0220% / 8h1h 02m$1.2M$2.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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
$25.2
Price spread: −0.112% → +0.056%
−$16.84
Slippage, 4 orders
−$24.75
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$37.39
Costs to cover
0.457%
Break-even
17.4 days
Slippage from edgeX: live order book, 41 min ago; BloFin: live order book, 6 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 edgeX live order book, 41 min ago6.80 bp11.3 bp −$1127.0 bp −$270doesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago1.68 bp10.2 bp −$1016.2 bp −$16277.2 bp −$7,719doesn'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
Kraken Futures PF_ICPUSD−0.0312%1h2.9646−0.059%$525K$651K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0223%1h2.9611−0.176%$193$43950xas long as short
Phemex ICPUSDT−0.0200%8h2.9540−0.416%$1.8M$682K50xas long as short
Variational Omni ICP−0.0037%8h2.9670+0.022%$1.1M$133Kas long as short
dYdX ICP-USD0.0000%1h2.9659−0.013%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9642−0.071%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.006%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9632−0.106%$139K$496K5xas long as short
Aster ICPUSDT+0.0100%8h2.9645−0.062%$282K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9643−0.067%$134K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9615−0.163%$29.1M$48.3M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9580−0.281%$17.3M$17.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9610−0.180%$5.8M$15.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9630−0.112%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9630−0.112%$19.1M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9620−0.146%$4.9M$11.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9630−0.112%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9610−0.180%$5.7Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9663long leg$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9641−0.076%$563K$558K10xas long as short
SunX ICP-USDT+0.0100%8h2.9610−0.180%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9630−0.112%$103K$112K20xas long as short
Extended ICP-USD+0.0104%1h2.9604−0.201%$25K$143K10xas long as short
Hyperliquid ICP+0.0117%1h2.9673+0.033%$4.6M$4.6M5xas long as short
BloFin ICP-USDTshort+0.0220%8h2.9630−0.112%$1.2M$2.4M75x
Coinbase International ICP-PERP-INTX+0.0320%1h2.9750+0.292%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0457% / S −0.0403%1h2.9636−0.094%$33K100xas long as short