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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.019%
Price spread now: Coinbase International against SunX+0.738%7-day average · 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 7 days+0.302%+$30 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.738% dearer against SunX than usual: you sell high and buy low: +$74 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.98100.0100pay 0.0100% / 8h5h 11m$1K$1.7M20x
ShortCoinbase International ICP-PERP-INTX3.00300.0320get 0.0040% / 1h11m 34s$68K$70K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$46.2
Price spread: +0.738% → 0.000%
$73.8
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$102
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: SunX: live order book, 4 min ago; Coinbase International: no order-book sample. 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 SunX live order book, 4 min ago48.55 bp73.5 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0119%1h2.9805−0.017%$266$46450xas long as short
dYdX ICP-USD0.0000%1h2.9809−0.003%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9822+0.041%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.486%$202$200K12xas long as short
Variational Omni ICP+0.0079%8h2.9894+0.282%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9848+0.127%$160K$486K5xas long as short
Aster ICPUSDT+0.0100%8h2.9831+0.069%$274K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9826+0.055%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9840+0.101%$29.4M$53.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9830+0.067%$17.3M$18.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9850+0.134%$5.8M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9830+0.067%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9830+0.067%$19.9M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.98100.000%$4.8M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9840+0.101%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9840+0.101%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9866+0.189%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9842+0.109%$567K$483K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9810long leg$1K$1.7M20x
HTX ICP-USDT+0.0100%8h2.9820+0.034%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9770−0.134%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9823+0.043%$23K$122K10xas long as short
Hyperliquid ICP+0.0108%1h2.9849+0.131%$4.6M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9880+0.235%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9847+0.124%$525K$641K50xas long as short
Coinbase International ICP-PERP-INTXshort+0.0320%1h3.0030+0.738%$68K$70K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9818+0.027%$37K100xas long as short