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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: edgeX against OKX−0.247%71s7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$490.494% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 3 days (all we have)+0.358%+$36 · spread now −0.247%, 7d avg −0.024%
Together, before fees+0.481%+ Points / potential airdropedgeX: Active · farm board+$48 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: edgeX is 0.223% cheaper against OKX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP3.05300.0100pay 0.0100% / 8h7h 26m$6.2M$17.0M50x
ShortedgeX ICPUSDC3.04550.0100get 0.0050% / 4h3h 26m$24K$278K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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: −0.247% → −0.024%
−$22.34
Slippage, 4 orders
−$30.41
Fee OKX: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$71.75
Costs to cover
0.494%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 46 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 OKX live order book, 2 min ago1.64 bp12.6 bp −$1335.0 bp −$350doesn't fitdoesn't fit
Sell edgeX live order book, 46 min ago8.29 bp12.8 bp −$1326.1 bp −$261doesn'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
Deribit ICP_USDC-PERPETUAL−0.0308%1h3.0457−0.239%$271$46450xas long as short
Kraken Futures PF_ICPUSD−0.0121%1h3.0509−0.070%$556K$598K50xas long as short
Variational Omni ICP−0.0061%8h3.0500−0.098%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0465−0.211%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0524−0.020%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.833%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0519−0.036%$174K$480K5xas long as short
Aster ICPUSDT+0.0100%8h3.0493−0.120%$337K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0482−0.158%$138K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0520−0.033%$30.5M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0510−0.066%$18.1M$18.6M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h3.0530long leg$6.2M$17.0M50x
Gate ICP_USDT+0.0100%8h3.0510−0.066%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0510−0.066%$19.6M$9.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0480−0.164%$5.1M$13.4M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0520−0.033%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0510−0.066%$5.2Mas long as short
edgeX ICPUSDCshort+0.0100%4h3.0455−0.247%$24K$278K10x
GRVT ICP_USDT_Perp+0.0100%8h3.0503−0.089%$579K$475K10xas long as short
SunX ICP-USDT+0.0100%8h3.0450−0.262%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0450−0.262%$107K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0510−0.066%$1.8M$778K50xas long as short
Extended ICP-USD+0.0104%1h3.0485−0.147%$23K$143K10xas long as short
Hyperliquid ICP+0.0171%1h3.0560+0.098%$4.8M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0430−0.328%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0430−0.328%$63K$65K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0528−0.006%$38K100xas long as short