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+0.0474%/8h= +51.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.079%
Price spread now: GMX against gTrade (Gains Network)−0.003%7-day average · you buy dearer than you sell
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ICP/USD2.9875L +0.0006% / S −0.0010%pay 0.0001% / 1h45m 23s$27K150x
ShortGMX ICP/USD [WBTC.b-USDC]2.9874L +0.0504% / S −0.0480%get 0.0060% / 1h45m 23s$37K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$99.47
Price spread: −0.003% → 0.000%
−$0.32
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$77.15
Costs to cover
0.220%
Break-even
1.6 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample
gTrade (Gains Network) and GMX: 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
Phemex ICPUSDT−0.1237%8h2.9730−0.486%$1.7M$778K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0252%1h2.9865−0.034%$266$46450xas long as short
Variational Omni ICP−0.0204%8h2.9852−0.077%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.704%$202$200K12xas long as short
Gate ICP_USDT−0.0102%8h2.9850−0.084%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9878+0.009%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDlongL +0.0006% / S −0.0010%1h2.9875long leg$27K150x
Bybit ICPUSDT+0.0066%8h2.9870−0.017%$17.3M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9895+0.066%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9881+0.019%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9877+0.007%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9864−0.038%$29.5M$49.4M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9860−0.051%$5.8M$15.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9870−0.017%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9870−0.017%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9880+0.016%$6.8M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9870−0.017%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9858−0.056%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9845−0.101%$571K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9860−0.051%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9840−0.118%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9864−0.037%$25K$124K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9850−0.084%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0224%1h2.9888+0.043%$489K$512K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h2.9890+0.050%$63K$90K50xas long as short
GMX ICP/USD [WBTC.b-USDC]shortL +0.0504% / S −0.0480%1h2.9874−0.003%$37K100x
Hyperliquid ICP+0.0582%1h2.9925+0.167%$4.7M$5.0M5xas long as short