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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.008%
Price spread now: Coinbase International against edgeX+0.100%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+0.297%+$30 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.100% dearer against edgeX 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
LongedgeX ICPUSDC3.00000.0100pay 0.0050% / 4h1h 14m$23K$279K10x
ShortCoinbase International ICP-PERP-INTX3.00300.0240get 0.0030% / 1h14m 44s$63K$91K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$29.4
Price spread: +0.100% → 0.000%
$10
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$20.4
Costs to cover
0.190%
Break-even
2.1 days
Slippage unknown: edgeX: live order book, 3 min ago; Coinbase International: 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 edgeX live order book, 3 min ago8.33 bp12.8 bp −$1326.9 bp −$269doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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
Phemex ICPUSDT−0.1487%8h2.9800−0.667%$1.7M$772K50xas long as short
Variational Omni ICP−0.0159%8h2.9981−0.063%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.117%$202$200K12xas long as short
Deribit ICP_USDC-PERPETUAL−0.0117%1h2.9978−0.073%$267$46450xas long as short
Gate ICP_USDT−0.0052%8h2.9980−0.067%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9986−0.047%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9984−0.053%$27K150xas long as short
Lighter ICP+0.0096%1h3.0014+0.047%$166K$443K5xas long as short
Aster ICPUSDT+0.0100%8h3.0011+0.037%$203K$1.4M20xas long as short
Pacifica ICP+0.0100%1h2.9998−0.007%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9983−0.056%$29.7M$50.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9960−0.133%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9970−0.100%$5.9M$16.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9980−0.067%$19.6M$8.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9980−0.067%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9990−0.033%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9970−0.100%$4.9Mas long as short
edgeX ICPUSDClong+0.0100%4h3.0000long leg$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9987−0.044%$574K$435K10xas long as short
SunX ICP-USDT+0.0100%8h3.00000.000%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0010+0.033%$107K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9984−0.053%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h3.0020+0.067%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h3.0007+0.023%$487K$528K50xas long as short
Coinbase International ICP-PERP-INTXshort+0.0240%1h3.0030+0.100%$63K$91K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9982−0.059%$37K100xas long as short
Hyperliquid ICP+0.0675%1h3.0048+0.160%$4.8M$5.0M5xas long as short