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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.021%
Price spread now: edgeX against Gate+0.282%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$650.649% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.190%+$19 on $10k
Price spread, last 3 days (all we have)+0.165%+$16 · spread now +0.282%, 7d avg −0.035%
Together, before fees+0.355%+ Points / potential airdropedgeX: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.317% dearer against Gate than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of −0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT2.9700−0.0092get 0.0092% / 8h2h 11m$1.9M$2.7M50x
ShortedgeX ICPUSDC2.97840.0100get 0.0050% / 4h2h 11m$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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
$40.32
Price spread: +0.282% → −0.035%
$31.7
Slippage, 4 orders
−$40.95
Fee Gate: 7.5 bp × 2 orders
−$15
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$7.07
Costs to cover
0.649%
Break-even
5.8 days
Slippage from Gate: live order book, 1 min ago; edgeX: live order book, 11 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 Gate live order book, 1 min ago3.37 bp19.8 bp −$2042.5 bp −$42564.4 bp −$6,437doesn't fit
Sell edgeX live order book, 11 min ago8.37 bp12.9 bp −$1327.3 bp −$273doesn'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−0.1362%8h2.9650−0.168%$1.7M$779K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0355%1h2.9733+0.111%$265$46450xas long as short
Variational Omni ICP−0.0229%8h2.9754+0.181%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.118%$202$200K12xas long as short
Gate ICP_USDTlong−0.0092%8h2.9700long leg$1.9M$2.7M50x
dYdX ICP-USD0.0000%1h2.9719+0.065%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9742+0.142%$27K150xas long as short
Bybit ICPUSDT+0.0033%8h2.9690−0.034%$17.1M$17.7M75xas long as short
Lighter ICP+0.0096%1h2.9756+0.189%$166K$443K5xas long as short
Aster ICPUSDT+0.0100%8h2.9740+0.136%$187K$1.5M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9723+0.076%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9720+0.069%$28.9M$49.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9710+0.034%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9720+0.067%$19.5M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9730+0.101%$5.2M$12.9M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9730+0.101%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.97000.000%$4.9Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9784+0.282%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9786+0.288%$571K$468K10xas long as short
SunX ICP-USDT+0.0100%8h2.9720+0.067%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.97000.000%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9727+0.091%$24K$123K10xas long as short
Kraken Futures PF_ICPUSD+0.0148%1h2.9738+0.127%$487K$518K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9800+0.337%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.640%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9741+0.138%$31K100xas long as short
Hyperliquid ICP+0.0853%1h2.9783+0.279%$4.7M$5.0M5xas long as short