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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: Bitget against Extended+0.031%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$520.517% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.031%, 7d avg +0.051%
Together, before fees−0.094%+ Points / potential airdropExtended: Active · farm board−$9 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: Bitget is 0.020% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.91610.0104pay 0.0013% / 1h30m 01s$22K$239K10x
ShortBitget ICPUSDT2.91700.0100get 0.0100% / 8h5h 30m$6.9M$4.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.031% → +0.051%
−$2.03
Slippage, 4 orders
−$34.72
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$54.59
Costs to cover
0.517%
Break-even
never at this rate
Slippage from Extended: live order book, 15 min ago; Bitget: live order book, 1 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, 15 min ago4.10 bp12.6 bp −$1380.0 bp −$800doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago3.43 bp12.2 bp −$1228.0 bp −$280doesn't fitdoesn't fit

ICP on 27 exchanges

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−0.0333%1h2.9164+0.010%$190$43950xas long as short
Phemex ICPUSDT−0.0149%8h2.9190+0.100%$1.7M$702K50xas long as short
Variational Omni ICP−0.0146%8h2.9123−0.130%$1.1M$195Kas long as short
dYdX ICP-USD0.0000%1h2.9158−0.010%$67K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9156−0.017%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.728%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9171+0.034%$135K$454K5xas long as short
Aster ICPUSDT+0.0100%8h2.9180+0.065%$250K$887K20xas long as short
Pacifica ICP+0.0100%1h2.9172+0.039%$132K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9170+0.031%$28.2M$47.4M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9160−0.003%$16.9M$17.1M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9160−0.003%$5.7M$12.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9160−0.003%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9160−0.003%$18.2M$9.4M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9170+0.031%$4.9M$10.8M50xas long as short
Bitget ICPUSDTshort+0.0100%8h2.9170+0.031%$6.9M$4.3M50x
BingX ICP-USDT+0.0100%8h2.9170+0.031%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9150−0.037%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9161+0.001%$562K$625K10xas long as short
SunX ICP-USDT+0.0100%8h2.9160−0.003%$2K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9130−0.106%$102K$128K20xas long as short
Extended ICP-USDlong+0.0104%1h2.9161long leg$22K$239K10x
Kraken Futures PF_ICPUSD+0.0189%1h2.9189+0.096%$518K$586K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9130−0.106%$1.2M$2.3M75xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0423% / S −0.0357%1h2.9173+0.042%$30K100xas long as short
Coinbase International ICP-PERP-INTX+0.0424%1h2.9570+1.403%$58K$63K50xas long as short
Hyperliquid ICP+0.0456%1h2.9223+0.213%$4.5M$4.3M5xas long as short