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+0.0004%/8h= +0.4% APRpaid last 24h +0.016%
Price spread now: Extended against Gate+0.009%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$660.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.112%+$11 on $10k
Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.009%, 7d avg −0.010%
Together, before fees+0.099%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT3.04200.0100pay 0.0100% / 8h7h 05m$2.0M$3.0M50x
ShortExtended ICP-USD3.04230.0104get 0.0013% / 1h5m 57s$22K$131K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.009% → −0.010%
$1.91
Slippage, 4 orders
−$45.66
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$62.91
Costs to cover
0.657%
Break-even
531.3 days
Slippage from Gate: live order book, 2 min ago; Extended: live order book, 64 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, 2 min ago1.64 bp17.9 bp −$1839.8 bp −$39866.6 bp −$6,660doesn't fit
Sell Extended live order book, 64 min ago3.98 bp12.8 bp −$1378.5 bp −$785doesn'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
Kraken Futures PF_ICPUSD−0.0121%1h3.0500+0.264%$554K$601K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0078%1h3.0432+0.039%$271$46450xas long as short
Variational Omni ICP−0.0046%8h3.0409−0.035%$1.1M$113Kas long as short
dYdX ICP-USD0.0000%1h3.0504+0.276%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0453+0.108%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.482%$202$200K12xas long as short
Phemex ICPUSDT+0.0044%8h3.0450+0.099%$1.8M$783K50xas long as short
Lighter ICP+0.0096%1h3.0492+0.237%$170K$484K5xas long as short
Aster ICPUSDT+0.0100%8h3.0470+0.164%$336K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0487+0.220%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0430+0.033%$30.5M$52.8M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0400−0.066%$18.0M$18.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0460+0.131%$6.2M$16.8M50xas long as short
Gate ICP_USDTlong+0.0100%8h3.0420long leg$2.0M$3.0M50x
MEXC ICP_USDT+0.0100%8h3.04200.000%$19.7M$9.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0400−0.066%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0470+0.164%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.04200.000%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h3.0622+0.664%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0619+0.654%$581K$467K10xas long as short
SunX ICP-USDT+0.0100%8h3.0440+0.066%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0460+0.131%$107K$239K20xas long as short
Extended ICP-USDshort+0.0104%1h3.0423+0.009%$22K$131K10x
Hyperliquid ICP+0.0207%1h3.0521+0.332%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0560+0.460%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0490+0.230%$63K$66K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0445+0.083%$38K100xas long as short