Funding arb · Price arb /

ICP

all ICP markets

Swap Backtest

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 −0.012%

Price spread now: OKX against KuCoin+0.034%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$770.773% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.034%, 7d avg −0.030%

Together, before fees−0.030%−$3 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: OKX is 0.064% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ICPUSDTM	2.9630	0.0100	pay 0.0100% / 8h	5h 03m	$4.8M	$13.1M	50x
Short	OKX ICP-USDT-SWAP	2.9640	0.0100	get 0.0100% / 8h	5h 03m	$5.7M	$16.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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

Position, each leg$Hold fordaysFee KuCoinbpFee OKXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.030%: $6.42
Slippage, 4 orders: −$55.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$70.85
Costs to cover: 0.773%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; OKX: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 5 min ago	1.68 bp	23.7 bp −$24	77.0 bp −$770	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.68 bp	13.9 bp −$14	39.8 bp −$398	doesn't fit	doesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ICP_USDC-PERPETUAL	−0.0020%	1h	2.9617	−0.044%	$264	$464	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9624	−0.019%	$69K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9643	+0.044%	$22K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.118%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0086%	8h	2.9579	−0.171%	$1.1M	$116K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9623	−0.024%	$158K	$487K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9618	−0.041%	$272K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9602	−0.094%	$134K	$10K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9630	0.000%	$29.2M	$53.1M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9620	−0.034%	$17.2M	$18.8M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAPshort	+0.0100%	8h	2.9640	+0.034%	$5.7M	$16.8M	50x
Gate ICP_USDT	+0.0100%	8h	2.9630	0.000%	$1.9M	$3.2M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9630	0.000%	$19.7M	$10.3M	50x	as long as short
KuCoin ICPUSDTMlong	+0.0100%	8h	2.9630	long leg	$4.8M	$13.1M	50x
Bitget ICPUSDT	+0.0100%	8h	2.9630	0.000%	$7.0M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9640	+0.034%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9597	−0.110%	$23K	$280K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9602	−0.094%	$562K	$483K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9620	−0.034%	$2K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9610	−0.067%	$104K	$181K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	2.9610	−0.067%	$1.8M	$794K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9585	−0.151%	$23K	$122K	10x	as long as short
Hyperliquid ICP	+0.0135%	1h	2.9678	+0.162%	$4.6M	$5.0M	5x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9620	−0.034%	$1.3M	$2.2M	75x	as long as short
Kraken Futures PF_ICPUSD	+0.0296%	1h	2.9645	+0.052%	$522K	$642K	50x	as long as short
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9700	+0.236%	$67K	$68K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0504% / S −0.0480%	1h	2.9639	+0.031%	$37K	—	100x	as long as short