Funding arb · Price arb /

ICNT

all ICNT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX+0.082%7-day average +0.195% · you sell dearer than you buy

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$407as in the Price arb table

costs, in and out, $10k−$3963.959% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$22 on $10k

Price spread, last 7 days+0.074%+$7 · spread now +0.082%, 7d avg +0.195%

Together, before fees+0.299%+$30 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: KuCoin is 0.113% cheaper against BingX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.195%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ICNT-USDT	0.09730	0.0100	pay 0.0050% / 4h	2h 18m	—	$6.5M	—
Short	KuCoin ICNTUSDTM	0.09738	0.0100	get 0.0050% / 4h	2h 18m	$727K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → +0.195%: −$11.28
Slippage, 4 orders: −$373.9
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$407.17
Costs to cover: 3.959%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; KuCoin: live order book, 3 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, 3 min ago	15.46 bp	61.3 bp −$61	195.4 bp −$1,954	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.69 bp	59.2 bp −$59	doesn't fit	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
Binance ICNTUSDT	+0.0100%	4h	0.09740	+0.103%	$1.5M	$1.0M	50x	as long as short
Bybit ICNTUSDT	+0.0100%	4h	0.09720	−0.103%	$1.3M	$156K	20x	as long as short
Gate ICNT_USDT	+0.0100%	8h	0.09710	−0.206%	$95K	$53K	20x	as long as short
MEXC ICNT_USDC	+0.0100%	4h	0.09740	+0.103%	$1.6M	$83K	50x	as long as short
KuCoin ICNTUSDTMshort	+0.0100%	4h	0.09738	+0.082%	$727K	$2.2M	30x
Bitget ICNTUSDT	+0.0100%	4h	0.09720	−0.103%	$679K	$216K	50x	as long as short
BingX ICNT-USDTlong	+0.0100%	4h	0.09730	long leg	—	$6.5M	—
Variational Omni ICNT	+0.0100%	4h	0.09693	−0.377%	$5K	—	—	as long as short
BloFin ICNT-USDT	+0.0112%	4h	0.09730	0.000%	$97K	$1K	50x	as long as short