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: Bitget against KuCoin0.000%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$420as in the Funding arb table

Net, price: spread back to 7d avg − costs−$394as in the Price arb table

costs, in and out, $10k−$3983.977% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.082%−$8 · spread now 0.000%, 7d avg −0.038%

Together, before fees−0.306%−$31 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 0.038% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ICNTUSDTM	0.09700	0.0100	pay 0.0050% / 4h	2h 22m	$725K	$2.2M	30x
Short	Bitget ICNTUSDT	0.09700	0.0100	get 0.0050% / 4h	2h 22m	$678K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.038%: $3.83
Slippage, 4 orders: −$373.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$393.87
Costs to cover: 3.977%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bitget: live order book, 23 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 KuCoin live order book, 4 min ago	7.72 bp	215.7 bp −$216	1523.1 bp −$15.2K	doesn't fit	doesn't fit
Sell Bitget live order book, 23 min ago	10.30 bp	48.7 bp −$49	323.3 bp −$3,233	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	+0.0099%	4h	0.09690	−0.103%	$97K	$1K	50x	as long as short
Binance ICNTUSDT	+0.0100%	4h	0.09690	−0.103%	$1.5M	$1.0M	50x	as long as short
Bybit ICNTUSDT	+0.0100%	4h	0.09690	−0.103%	$1.3M	$156K	20x	as long as short
Gate ICNT_USDT	+0.0100%	8h	0.09690	−0.103%	$95K	$53K	20x	as long as short
MEXC ICNT_USDC	+0.0100%	4h	0.09700	0.000%	$1.6M	$83K	50x	as long as short
KuCoin ICNTUSDTMlong	+0.0100%	4h	0.09700	long leg	$725K	$2.2M	30x
Bitget ICNTUSDTshort	+0.0100%	4h	0.09700	0.000%	$678K	$216K	50x
BingX ICNT-USDT	+0.0100%	4h	0.09700	0.000%	—	$6.5M	—	as long as short
Variational Omni ICNT	+0.0100%	4h	0.09698	−0.016%	$5K	—	—	as long as short