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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%
Price spread now: Bitget against gTrade (Gains Network)+0.066%7-day average · you sell dearer than you buy
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.066% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ICP/USD3.0480L +0.0006% / S −0.0011%pay 0.0001% / 1h33m 08s$23K150x
ShortBitget ICPUSDT3.05000.0100get 0.0100% / 8h7h 33m$7.2M$4.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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
$19.67
Price spread: +0.066% → 0.000%
$6.56
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$4.24
Costs to cover
0.220%
Break-even
5.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Bitget live order book, 5 min ago1.64 bp12.9 bp −$1324.6 bp −$246doesn't fitdoesn't fit
gTrade (Gains Network): 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
Deribit ICP_USDC-PERPETUAL−0.0308%1h3.0470−0.033%$272$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0535+0.180%$557K$598K50xas long as short
Variational Omni ICP−0.0076%8h3.0520+0.132%$1.1M$111Kas long as short
dYdX ICP-USD0.0000%1h3.0519+0.129%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDlongL +0.0006% / S −0.0011%1h3.0480long leg$23K150x
Injective ICP/USDC PERP+0.0033%1h2.9665−2.674%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0515+0.115%$175K$479K5xas long as short
Aster ICPUSDT+0.0100%8h3.0536+0.184%$301K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0541+0.202%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0490+0.033%$30.5M$52.7M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0470−0.033%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0490+0.033%$6.2M$17.0M50xas long as short
Gate ICP_USDT+0.0100%8h3.04800.000%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.04800.000%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0460−0.066%$5.2M$13.3M50xas long as short
Bitget ICPUSDTshort+0.0100%8h3.0500+0.066%$7.2M$4.8M50x
BingX ICP-USDT+0.0100%8h3.0470−0.033%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0521+0.136%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0512+0.107%$591K$463K10xas long as short
SunX ICP-USDT+0.0100%8h3.0540+0.197%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.04800.000%$107K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0500+0.066%$1.8M$780K50xas long as short
Extended ICP-USD+0.0104%1h3.0465−0.048%$25K$131K10xas long as short
Hyperliquid ICP+0.0171%1h3.0557+0.253%$4.8M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0540+0.197%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0540+0.197%$63K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0476−0.013%$38K100xas long as short