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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against SunX+0.034%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1631.632% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 4 days (all we have)−0.087%−$9 · spread now +0.034%, 7d avg +0.019%
Together, before fees−0.107%−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.95000.0100pay 0.0100% / 8h6h 19m$2K$1.4M20x
ShortBingX ICP-USDT2.95100.0100get 0.0100% / 8h6h 19m$5.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against SunX. 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: +0.034% → +0.019%
$1.45
Slippage, 4 orders
−$145.22
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$161.77
Costs to cover
1.632%
Break-even
never at this rate
Slippage from SunX: live order book, 8 min ago; BingX: live order book, 9 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 SunX live order book, 8 min ago49.09 bp74.0 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago1.69 bp6.7 bp −$710.8 bp −$10857.1 bp −$5,710464.2 bp −$232.1K

ICP on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ICPUSDT−0.0175%8h2.9450−0.169%$1.7M$697K50xas long as short
Variational Omni ICP−0.0153%8h2.9459−0.139%$1.0M$157Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0021%1h2.9510+0.034%$192$43950xas long as short
dYdX ICP-USD0.0000%1h2.95000.000%$68K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9517+0.057%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.559%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9523+0.078%$136K$471K5xas long as short
Aster ICPUSDT+0.0100%8h2.9520+0.068%$249K$974K20xas long as short
Pacifica ICP+0.0100%1h2.9536+0.123%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9501+0.005%$28.6M$48.2M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9490−0.034%$17.1M$17.5M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.95000.000%$5.8M$13.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9510+0.034%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.95000.000%$18.5M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9520+0.068%$4.9M$11.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9520+0.068%$7.0M$4.4M50xas long as short
BingX ICP-USDTshort+0.0100%8h2.9510+0.034%$5.7M
edgeX ICPUSDC+0.0100%4h2.9488−0.040%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9479−0.072%$571K$593K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9500long leg$2K$1.4M20x
HTX ICP-USDT+0.0100%8h2.9420−0.271%$103K$124K20xas long as short
Extended ICP-USD+0.0104%1h2.9492−0.025%$22K$242K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9510+0.034%$1.2M$2.4M75xas long as short
Kraken Futures PF_ICPUSD+0.0353%1h2.9535+0.120%$513K$596K50xas long as short
Coinbase International ICP-PERP-INTX+0.0448%1h2.9570+0.237%$58K$63K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0454% / S −0.0403%1h2.9517+0.057%$33K100xas long as short
Hyperliquid ICP+0.0551%1h2.9561+0.207%$4.6M$4.5M5xas long as short