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: BingX against Bybit0.000%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$332as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3323.324% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.055%−$5 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.055%−$5 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: BingX is 0.022% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ICNTUSDT	0.09750	0.0100	pay 0.0050% / 4h	47m 07s	$1.3M	$160K	20x
Short	BingX ICNT-USDT	0.09750	0.0100	get 0.0050% / 4h	47m 07s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.022%: $2.2
Slippage, 4 orders: −$311.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$330.17
Costs to cover: 3.324%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; BingX: live order book, 4 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 Bybit live order book, 4 min ago	10.26 bp	134.4 bp −$134	976.9 bp −$9,769	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	10.25 bp	52.2 bp −$52	139.7 bp −$1,397	605.6 bp −$60.6K	1225.6 bp −$612.8K

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	+0.0090%	4h	0.09750	0.000%	$97K	$1K	50x	as long as short
Binance ICNTUSDT	+0.0100%	4h	0.09760	+0.099%	$1.5M	$1.1M	50x	as long as short
Bybit ICNTUSDTlong	+0.0100%	4h	0.09750	long leg	$1.3M	$160K	20x
Gate ICNT_USDT	+0.0100%	8h	0.09750	0.000%	$99K	$58K	20x	as long as short
MEXC ICNT_USDC	+0.0100%	4h	0.09740	−0.103%	$1.6M	$81K	50x	as long as short
KuCoin ICNTUSDTM	+0.0100%	4h	0.09764	+0.144%	$726K	$2.3M	30x	as long as short
Bitget ICNTUSDT	+0.0100%	4h	0.09760	+0.103%	$690K	$224K	50x	as long as short
BingX ICNT-USDTshort	+0.0100%	4h	0.09750	0.000%	—	$6.5M	—
Variational Omni ICNT	+0.0100%	4h	0.09748	−0.019%	$5K	—	—	as long as short