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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against SunX+0.242%46s7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1731.733% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.242%, 7d avg −0.042%
Together, before fees−0.134%+ Points / potential airdropedgeX: Active · farm board−$13 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: edgeX is 0.284% dearer against SunX than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.042%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ICP-USDT2.97600.0100pay 0.0100% / 8h5h 09m$1K$1.7M20x
ShortedgeX ICPUSDC2.98320.0100get 0.0050% / 4h1h 09m$23K$279K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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: +0.242% → −0.042%
$28.41
Slippage, 4 orders
−$156.25
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$144.84
Costs to cover
1.733%
Break-even
never at this rate
Slippage from SunX: live order book, 6 min ago; edgeX: live order book, 53 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, 6 min ago48.55 bp73.5 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 53 min ago8.34 bp12.8 bp −$1328.3 bp −$283doesn'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−0.0187%1h2.9754−0.020%$265$46450xas long as short
dYdX ICP-USD0.0000%1h2.9742−0.060%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9752−0.025%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.319%$202$200K12xas long as short
Variational Omni ICP+0.0080%8h2.9809+0.165%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9757−0.010%$160K$486K5xas long as short
Aster ICPUSDT+0.0100%8h2.9771+0.035%$273K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9746−0.047%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9750−0.034%$29.3M$53.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9740−0.067%$17.3M$18.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9740−0.067%$5.8M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9740−0.067%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9750−0.034%$19.8M$10.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9730−0.101%$4.8M$13.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.97600.000%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9750−0.034%$5.8Mas long as short
edgeX ICPUSDCshort+0.0100%4h2.9832+0.242%$23K$279K10x
GRVT ICP_USDT_Perp+0.0100%8h2.9882+0.409%$567K$483K10xas long as short
SunX ICP-USDTlong+0.0100%8h2.9760long leg$1K$1.7M20x
HTX ICP-USDT+0.0100%8h2.9800+0.134%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9740−0.067%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9743−0.058%$23K$122K10xas long as short
Hyperliquid ICP+0.0121%1h2.9786+0.087%$4.6M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9890+0.437%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9802+0.143%$525K$643K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9850+0.302%$67K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9768+0.026%$37K100xas long as short