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

ICP

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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 0.000%
Price spread now: Bitget against SunX+0.066%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1751.746% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.043%−$4 on $10k
Price spread, last 3 days (all we have)−0.055%−$5 · spread now +0.066%, 7d avg +0.046%
Together, before fees−0.098%−$10 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: Bitget is 0.021% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT3.01400.0100pay 0.0100% / 8h6h 24m$2K$1.8M20x
ShortBitget ICPUSDT3.01600.0100get 0.0100% / 8h6h 24m$7.1M$4.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.066% → +0.046%
$2.07
Slippage, 4 orders
−$154.65
Fee SunX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$172.57
Costs to cover
1.746%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; Bitget: live order book, 4 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, 11 min ago48.42 bp73.3 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.32 bp12.8 bp −$1331.8 bp −$318doesn't fitdoesn't fit

ICP on 26 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−0.0247%1h3.0147+0.023%$269$46450xas long as short
dYdX ICP-USD0.0000%1h3.0177+0.124%$70K$4K5xas long as short
Variational Omni ICP+0.0002%8h3.0160+0.066%$1.1M$118Kas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0170+0.100%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.576%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0184+0.146%$165K$491K5xas long as short
Aster ICPUSDT+0.0100%8h3.0172+0.105%$281K$1.7M20xas long as short
Pacifica ICP+0.0100%1h3.0179+0.131%$137K$11K5xas long as short
Binance ICPUSDT+0.0100%8h3.0150+0.033%$29.8M$53.9M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0150+0.033%$17.7M$19.0M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h3.0130−0.033%$5.9M$17.2M50xas long as short
Gate ICP_USDT+0.0100%8h3.0160+0.066%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0150+0.033%$19.5M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0120−0.066%$5.0M$13.4M50xas long as short
Bitget ICPUSDTshort+0.0100%8h3.0160+0.066%$7.1M$4.9M50x
BingX ICP-USDT+0.0100%8h3.0160+0.066%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0111−0.096%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0134−0.021%$585K$491K10xas long as short
SunX ICP-USDTlong+0.0100%8h3.0140long leg$2K$1.8M20x
HTX ICP-USDT+0.0100%8h3.0120−0.066%$105K$239K20xas long as short
Phemex ICPUSDT+0.0100%8h3.0100−0.133%$1.8M$793K50xas long as short
Extended ICP-USD+0.0104%1h3.0132−0.027%$22K$131K10xas long as short
Hyperliquid ICP+0.0249%1h3.0185+0.149%$4.7M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0180+0.133%$65K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0158+0.059%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0890%1h3.0180+0.131%$547K$611K50xas long as short