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

ICP

all ICP markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.032%
Price spread now: Injective against edgeX−0.089%107s7-day average +0.859% · you buy dearer than you sell
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−0.200%−$20 on $10k
Price spread, last 4 days (all we have)+0.489%+$49 · spread now −0.089%, 7d avg +0.859%
Together, before fees+0.289%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.949% cheaper against edgeX than usual: you would sell low and buy high (−$95 if the spread goes back to its 7-day average of +0.859%). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC2.96920.0100pay 0.0050% / 4h2h 55m$23K$278K10x
ShortInjective ICP/USDC PERP2.96650.0033get 0.0004% / 1h55m 30s$202$200K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −0.089% → +0.859%
−$94.87
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$117.89
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 37 min ago; 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 edgeX live order book, 37 min ago6.80 bp11.3 bp −$1126.3 bp −$263doesn't fitdoesn't fit
Sell Injective no order-book sample
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
Phemex ICPUSDT−0.0349%8h2.9620−0.241%$1.8M$692K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0189%1h2.9608−0.281%$193$43950xas long as short
Variational Omni ICP−0.0163%8h2.9599−0.311%$1.1M$143Kas long as short
dYdX ICP-USD0.0000%1h2.9554−0.464%$68K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9740+0.163%$6K150xas long as short
Injective ICP/USDC PERPshort+0.0033%1h2.9665−0.089%$202$200K12x
Bybit ICPUSDT+0.0081%8h2.9460−0.780%$17.0M$17.6M75xas long as short
Lighter ICP+0.0096%1h2.9580−0.376%$136K$467K5xas long as short
Aster ICPUSDT+0.0100%8h2.9518−0.585%$256K$969K20xas long as short
Pacifica ICP+0.0100%1h2.9562−0.435%$133K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9484−0.698%$28.8M$47.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9450−0.814%$5.8M$13.6M50xas long as short
Gate ICP_USDT+0.0100%8h2.9510−0.611%$1.9M$2.6M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9530−0.544%$18.9M$9.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9530−0.544%$4.8M$11.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9480−0.712%$7.0M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9530−0.544%$5.7Mas long as short
edgeX ICPUSDClong+0.0100%4h2.9692long leg$23K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9722+0.102%$575K$582K10xas long as short
SunX ICP-USDT+0.0100%8h2.9610−0.275%$1K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9600−0.308%$103K$117K20xas long as short
Extended ICP-USD+0.0104%1h2.9521−0.574%$22K$236K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9740+0.163%$1.2M$2.4M75xas long as short
Kraken Futures PF_ICPUSD+0.0351%1h2.9657−0.116%$524K$590K50xas long as short
Coinbase International ICP-PERP-INTX+0.0448%1h2.9830+0.466%$58K$67K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0455% / S −0.0403%1h2.9640−0.172%$33K100xas long as short
Hyperliquid ICP+0.0491%1h2.9521−0.574%$4.6M$4.5M5xas long as short