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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0153%/8h= −16.8% APRpaid last 24h −0.118%
Price spread now: Deribit against SunX−0.071%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Deribit is 0.071% cheaper against SunX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.97100.0100pay 0.0100% / 8h1h 05m$2K$1.5M20x
ShortDeribit ICP_USDC-PERPETUAL2.9689−0.0053pay 0.0007% / 1h5m 18s$193$43950x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
−$32.13
Price spread: −0.071% → 0.000%
−$7.07
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$54.2
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 9 min ago; Deribit: 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, 9 min ago47.20 bp73.8 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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
Kraken Futures PF_ICPUSD−0.0312%1h2.9730+0.066%$526K$651K50xas long as short
Phemex ICPUSDT−0.0192%8h2.9580−0.438%$1.8M$680K50xas long as short
Deribit ICP_USDC-PERPETUALshort−0.0053%1h2.9689−0.071%$193$43950x
Variational Omni ICP−0.0037%8h2.9670−0.135%$1.1M$133Kas long as short
dYdX ICP-USD0.0000%1h2.9714+0.014%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9676−0.115%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.151%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9706−0.013%$139K$496K5xas long as short
Aster ICPUSDT+0.0100%8h2.9700−0.034%$281K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9688−0.073%$134K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9662−0.161%$29.1M$48.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9630−0.269%$17.3M$17.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9640−0.236%$5.8M$15.1M50xas long as short
Gate ICP_USDT+0.0100%8h2.9670−0.135%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9670−0.135%$19.1M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9680−0.101%$4.9M$11.8M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9700−0.034%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9670−0.135%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9683−0.092%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9677−0.110%$564K$558K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9710long leg$2K$1.5M20x
HTX ICP-USDT+0.0100%8h2.9720+0.034%$104K$112K20xas long as short
Extended ICP-USD+0.0104%1h2.9674−0.121%$22K$117K10xas long as short
Hyperliquid ICP+0.0121%1h2.9717+0.024%$4.6M$4.6M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9720+0.034%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9680−0.101%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0457% / S −0.0403%1h2.9667−0.144%$33K100xas long as short