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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.003%
Price spread now: KuCoin against Extended+0.081%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$710.708% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$6 on $10k
Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.081%, 7d avg +0.068%
Together, before fees−0.193%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.98460.0104pay 0.0013% / 1h45m 41s$25K$124K10x
ShortKuCoin ICPUSDTM2.98700.0100get 0.0100% / 8h1h 45m$5.1M$13.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.081% → +0.068%
$1.26
Slippage, 4 orders
−$53.76
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$70.35
Costs to cover
0.708%
Break-even
never at this rate
Slippage from Extended: live order book, 35 min ago; KuCoin: 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 Extended live order book, 35 min ago3.86 bp12.9 bp −$1369.9 bp −$699doesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago1.68 bp27.8 bp −$2859.4 bp −$594doesn'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
Phemex ICPUSDT−0.1237%8h2.9730−0.388%$1.7M$778K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0352%1h2.9864+0.061%$266$46450xas long as short
Variational Omni ICP−0.0207%8h2.9767−0.263%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.606%$202$200K12xas long as short
Gate ICP_USDT−0.0105%8h2.9850+0.014%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9878+0.108%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9865+0.065%$27K150xas long as short
Bybit ICPUSDT+0.0063%8h2.9870+0.081%$17.3M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9895+0.165%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9875+0.098%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9877+0.105%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9869+0.078%$29.5M$49.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9860+0.047%$5.8M$15.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9880+0.114%$19.3M$8.5M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h2.9870+0.081%$5.1M$13.0M50x
Bitget ICPUSDT+0.0100%8h2.9880+0.114%$6.8M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9850+0.014%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9786−0.200%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9784−0.207%$570K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9860+0.047%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9840−0.020%$106K$219K20xas long as short
Extended ICP-USDlong+0.0104%1h2.9846long leg$25K$124K10x
BloFin ICP-USDT+0.0220%8h2.9850+0.014%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0224%1h2.9888+0.141%$489K$512K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9890+0.148%$63K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9856+0.035%$37K100xas long as short
Hyperliquid ICP+0.0579%1h2.9917+0.238%$4.7M$5.0M5xas long as short