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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.019%
Price spread now: SunX against Gate+0.102%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1931.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.174%+$17 on $10k
Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.102%, 7d avg −0.008%
Together, before fees+0.107%+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.110% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT2.94800.0100pay 0.0100% / 8h1h 56m$1.9M$2.8M50x
ShortSunX ICP-USDT2.95100.0100get 0.0100% / 8h1h 56m$1K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
Price spread: +0.102% → −0.008%
$10.99
Slippage, 4 orders
−$169.98
Fee Gate: 7.5 bp × 2 orders
−$15
Fee SunX: 4 bp × 2 orders
−$8
Net
−$181.98
Costs to cover
1.930%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; SunX: live order book, 8 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 ago1.69 bp25.3 bp −$2548.3 bp −$48374.3 bp −$7,428doesn't fit
Sell SunX live order book, 8 min ago49.09 bp74.6 bp −$75doesn't fitdoesn'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−0.0314%1h2.9531+0.172%$523K$664K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0258%1h2.9513+0.112%$192$43950xas long as short
Phemex ICPUSDT−0.0123%8h2.9470−0.034%$1.8M$676K50xas long as short
dYdX ICP-USD0.0000%1h2.9539+0.201%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9541+0.207%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.628%$202$200K12xas long as short
Variational Omni ICP+0.0058%8h2.9540+0.202%$1.1M$133Kas long as short
Lighter ICP+0.0096%1h2.9522+0.142%$139K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9540+0.204%$4.6M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9527+0.160%$262K$1.2M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9528+0.164%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9492+0.042%$28.9M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9460−0.068%$17.2M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9490+0.034%$5.7M$15.0M50xas long as short
Gate ICP_USDTlong+0.0100%8h2.9480long leg$1.9M$2.8M50x
MEXC ICP_USDT+0.0100%8h2.9490+0.034%$18.6M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9510+0.102%$4.8M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9510+0.102%$7.0M$4.7M50xas long as short
BingX ICP-USDT+0.0100%8h2.9490+0.034%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9529+0.167%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9557+0.261%$563K$513K10xas long as short
SunX ICP-USDTshort+0.0100%8h2.9510+0.102%$1K$1.5M20x
HTX ICP-USDT+0.0100%8h2.9520+0.136%$103K$118K20xas long as short
Extended ICP-USD+0.0104%1h2.9482+0.005%$23K$131K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9590+0.373%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9650+0.577%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9542+0.211%$31K100xas long as short