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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: OKX against edgeX+0.142%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$490.494% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.123%−$12 on $10k
Price spread, last 3 days (all we have)−0.253%−$25 · spread now +0.142%, 7d avg +0.024%
Together, before fees−0.376%+ Points / potential airdropedgeX: Active · farm board−$38 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.118% dearer against edgeX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ICPUSDC3.04470.0100pay 0.0050% / 4h3h 25m$24K$278K10x
ShortOKX ICP-USDT-SWAP3.04900.0100get 0.0100% / 8h7h 25m$6.2M$16.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.142% → +0.024%
$11.82
Slippage, 4 orders
−$30.41
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee OKX: 5 bp × 2 orders
−$10
Net
−$37.59
Costs to cover
0.494%
Break-even
never at this rate
Slippage from edgeX: live order book, 47 min ago; OKX: live order book, 3 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, 47 min ago8.29 bp12.8 bp −$1326.4 bp −$264doesn't fitdoesn't fit
Sell OKX live order book, 3 min ago1.64 bp11.3 bp −$1131.0 bp −$310doesn't fitdoesn'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
Deribit ICP_USDC-PERPETUAL−0.0176%1h3.0518+0.234%$272$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0568+0.399%$558K$598K50xas long as short
Variational Omni ICP−0.0061%8h3.0500+0.175%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0510+0.206%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0524+0.253%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.568%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0540+0.306%$174K$480K5xas long as short
Aster ICPUSDT+0.0100%8h3.0520+0.241%$337K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0503+0.185%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0500+0.175%$30.5M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0490+0.142%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAPshort+0.0100%8h3.0490+0.142%$6.2M$16.9M50x
Gate ICP_USDT+0.0100%8h3.0510+0.208%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0500+0.175%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0490+0.142%$5.1M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0520+0.241%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0500+0.175%$5.2Mas long as short
edgeX ICPUSDClong+0.0100%4h3.0447long leg$24K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0454+0.025%$578K$475K10xas long as short
SunX ICP-USDT+0.0100%8h3.0510+0.208%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0420−0.088%$106K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0560+0.372%$1.8M$777K50xas long as short
Extended ICP-USD+0.0104%1h3.0482+0.115%$23K$143K10xas long as short
Hyperliquid ICP+0.0168%1h3.0547+0.329%$4.8M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0430−0.055%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0480+0.109%$63K$65K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0528+0.267%$38K100xas long as short