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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: BingX against Extended+0.100%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$480.476% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.035%+$3 on $10k
Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.100%, 7d avg +0.020%
Together, before fees−0.077%+ Points / potential airdropExtended: Active · farm board−$8 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: BingX is 0.080% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.91910.0104pay 0.0013% / 1h34m 43s$23K$134K10x
ShortBingX ICP-USDT2.92200.0100get 0.0100% / 8h2h 34m$5.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: +0.100% → +0.020%
$8.01
Slippage, 4 orders
−$32.56
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$40.39
Costs to cover
0.476%
Break-even
never at this rate
Slippage from Extended: live order book, 11 min ago; BingX: live order book, 10 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 Extended live order book, 11 min ago3.94 bp13.8 bp −$1477.4 bp −$774doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago3.43 bp10.2 bp −$1016.7 bp −$16774.8 bp −$7,477431.6 bp −$215.8K

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−0.0068%1h2.9260+0.238%$485K$646K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0058%1h2.9254+0.217%$190$43950xas long as short
dYdX ICP-USD0.0000%1h2.9171−0.069%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9243+0.180%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.625%$202$200K12xas long as short
Variational Omni ICP+0.0062%8h2.9140−0.172%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9159−0.109%$141K$493K5xas long as short
Hyperliquid ICP+0.0100%1h2.9189−0.006%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9181−0.035%$261K$1.3M20xas long as short
Pacifica ICP+0.0100%1h2.9168−0.077%$132K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9140−0.174%$28.5M$48.7M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9140−0.174%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9140−0.174%$5.6M$14.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9200+0.032%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9150−0.140%$17.9M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9150−0.140%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9170−0.071%$6.9M$4.6M50xas long as short
BingX ICP-USDTshort+0.0100%8h2.9220+0.100%$5.8M
edgeX ICPUSDC+0.0100%4h2.9138−0.180%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9162−0.098%$561K$499K10xas long as short
SunX ICP-USDT+0.0100%8h2.9250+0.203%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9200+0.032%$102K$117K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9250+0.203%$1.7M$730K50xas long as short
Extended ICP-USDlong+0.0104%1h2.9191long leg$23K$134K10x
BloFin ICP-USDT+0.0220%8h2.9180−0.037%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9260+0.237%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9246+0.190%$30K100xas long as short