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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0081%/8h= −8.8% APRpaid last 24h +0.054%
Price spread now: dYdX against Variational Omni−0.270%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and dYdX is 0.270% cheaper against Variational Omni than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni ICP2.95400.0081pay 0.0081% / 8h3h 27m$1.0M$134K
ShortdYdX ICP-USD2.94600get 0.0000% / 1h27m 04s$69K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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
−$16.96
Price spread: −0.270% → 0.000%
−$27.02
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$53.98
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; dYdX: 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 Variational Omni RFQ quote, 2 min ago4.41 bpdoesn't fit31.6 bp −$316doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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−0.0191%1h2.9444−0.324%$192$43950xas long as short
Kraken Futures PF_ICPUSD−0.0058%1h2.9477−0.211%$526K$597K50xas long as short
Phemex ICPUSDT−0.0010%8h2.9430−0.372%$1.7M$788K50xas long as short
dYdX ICP-USDshort0.0000%1h2.9460−0.270%$69K$3K5x
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9462−0.264%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.424%$202$200K12xas long as short
Variational Omni ICPlong+0.0081%8h2.9540long leg$1.0M$134K
Lighter ICP+0.0096%1h2.9462−0.263%$143K$491K5xas long as short
Hyperliquid ICP+0.0100%1h2.9480−0.203%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9462−0.264%$260K$1.5M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICP+0.0100%1h2.9459−0.273%$133K$9K5xas long as short
Binance ICPUSDT+0.0100%8h2.9445−0.321%$28.9M$48.6M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9440−0.338%$17.1M$17.3M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9450−0.304%$5.7M$15.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9430−0.372%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9440−0.338%$18.8M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9450−0.304%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9450−0.304%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9460−0.270%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9486−0.183%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9464−0.256%$567K$475K10xas long as short
SunX ICP-USDT+0.0100%8h2.9440−0.338%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9400−0.473%$103K$117K20xas long as short
Extended ICP-USD+0.0104%1h2.9436−0.353%$22K$132K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9440−0.338%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0352%1h2.9550+0.034%$66K$60K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0433% / S −0.0367%1h2.9457−0.279%$31K100xas long as short