Funding arb · Price arb /

ICNT

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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: Bitget against Bybit+0.104%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$332as in the Price arb table

costs, in and out, $10k−$3353.351% of the position

Long on Bybit Short on Bitget

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)−0.213%−$21 · spread now +0.104%, 7d avg +0.070%

Together, before fees−0.213%−$21 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: Bitget is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ICNTUSDT	0.09570	0.0100	pay 0.0050% / 4h	1h 44m	$1.3M	$149K	20x
Short	Bitget ICNTUSDT	0.09580	0.0100	get 0.0050% / 4h	1h 44m	$669K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.070%: $3.45
Slippage, 4 orders: −$312.05
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$331.61
Costs to cover: 3.351%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 15 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, 1 min ago	10.45 bp	121.7 bp −$122	926.4 bp −$9,264	doesn't fit	doesn't fit
Sell Bitget live order book, 15 min ago	10.38 bp	47.2 bp −$47	282.3 bp −$2,823	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	+0.104%	$98K	$1K	50x	as long as short
Binance ICNTUSDT	+0.0100%	4h	0.09585	+0.161%	$1.5M	$1.0M	50x	as long as short
Bybit ICNTUSDTlong	+0.0100%	4h	0.09570	long leg	$1.3M	$149K	20x
Gate ICNT_USDT	+0.0100%	8h	0.09570	0.000%	$96K	$58K	20x	as long as short
MEXC ICNT_USDC	+0.0100%	4h	0.09580	+0.104%	$1.6M	$81K	50x	as long as short
KuCoin ICNTUSDTM	+0.0100%	4h	0.09582	+0.125%	$706K	$2.1M	30x	as long as short
Bitget ICNTUSDTshort	+0.0100%	4h	0.09580	+0.104%	$669K	$184K	50x
BingX ICNT-USDT	+0.0100%	4h	0.09580	+0.104%	—	$6.5M	—	as long as short
Variational Omni ICNT	+0.0100%	4h	0.09563	−0.070%	$5K	—	—	as long as short