Funding arb · Price arb /

ICNT

all ICNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX0.000%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$3093.088% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.126%+$13 · spread now 0.000%, 7d avg +0.026%

Together, before fees+0.126%+$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: Bybit is 0.026% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ICNT-USDT	0.09580	0.0100	pay 0.0050% / 4h	1h 44m	—	$6.5M	—
Short	Bybit ICNTUSDT	0.09580	0.0100	get 0.0050% / 4h	1h 44m	$1.3M	$149K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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

Position, each leg$Hold fordaysFee BingXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.026%: −$2.59
Slippage, 4 orders: −$287.76
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$311.35
Costs to cover: 3.088%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 6 min ago	10.44 bp	52.4 bp −$52	200.5 bp −$2,005	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	10.45 bp	110.8 bp −$111	468.0 bp −$4,680	doesn't fit	doesn't fit

ICNT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin ICNT-USDT	+0.0052%	4h	0.09580	0.000%	$98K	$1K	50x	as long as short
Binance ICNTUSDT	+0.0100%	4h	0.09587	+0.078%	$1.5M	$1.0M	50x	as long as short
Bybit ICNTUSDTshort	+0.0100%	4h	0.09580	0.000%	$1.3M	$149K	20x
Gate ICNT_USDT	+0.0100%	8h	0.09560	−0.209%	$96K	$58K	20x	as long as short
MEXC ICNT_USDC	+0.0100%	4h	0.09580	0.000%	$1.6M	$81K	50x	as long as short
KuCoin ICNTUSDTM	+0.0100%	4h	0.09576	−0.042%	$705K	$2.1M	30x	as long as short
Bitget ICNTUSDT	+0.0100%	4h	0.09580	0.000%	$669K	$184K	50x	as long as short
BingX ICNT-USDTlong	+0.0100%	4h	0.09580	long leg	—	$6.5M	—
Variational Omni ICNT	+0.0100%	4h	0.09563	−0.174%	$5K	—	—	as long as short