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 +0.276%
Price spread now: Aster against Phemex+0.267%52s7-day average +0.201% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+1.927%+$193 on $10k
Price spread, last 4 days (all we have)+0.028%+$3 · spread now +0.267%, 7d avg +0.201%
Together, before fees+1.955%+ Points / potential airdropAster: Stage 5 · farm board+$196 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: Aster is 0.066% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.201%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ICPUSDT2.91700.0100pay 0.0100% / 8h2h 35m$1.7M$730K50x
ShortAster ICPUSDT2.92480.0100get 0.0100% / 8h2h 35m$262K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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: +0.267% → +0.201%
$6.6
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$13.4
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Aster: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago1.72 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 3 min ago5.14 bp26.2 bp −$26275.6 bp −$2,756doesn'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−0.0230%1h2.9160−0.034%$190$43950xas long as short
Kraken Futures PF_ICPUSD−0.0069%1h2.9166−0.012%$483K$646K50xas long as short
dYdX ICP-USD0.0000%1h2.9243+0.249%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9243+0.251%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.697%$202$200K12xas long as short
Variational Omni ICP+0.0062%8h2.9140−0.101%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9252+0.281%$141K$493K5xas long as short
Hyperliquid ICP+0.0100%1h2.9266+0.329%$4.5M$4.8M5xas long as short
Aster ICPUSDTshort+0.0100%8h2.9248+0.267%$262K$1.3M20x
Pacifica ICP+0.0100%1h2.9251+0.278%$133K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9250+0.276%$28.6M$48.7M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9240+0.240%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9240+0.240%$5.6M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9230+0.206%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9240+0.240%$18.0M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9240+0.240%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9250+0.274%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9250+0.274%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9138−0.109%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9162−0.027%$561K$499K10xas long as short
SunX ICP-USDT+0.0100%8h2.9160−0.034%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9140−0.103%$102K$117K20xas long as short
Phemex ICPUSDTlong+0.0100%8h2.9170long leg$1.7M$730K50x
Extended ICP-USD+0.0104%1h2.9232+0.214%$23K$134K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9130−0.137%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9190+0.069%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9246+0.261%$30K100xas long as short