Funding arb · Price arb /

ICNT

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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 MEXC−0.102%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$236as in the Price arb table

costs, in and out, $10k−$2242.236% of the position

Long on MEXC 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)+0.102%+$10 · spread now −0.102%, 7d avg +0.017%

Together, before fees+0.102%+$10 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 0.119% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ICNT_USDC	0.09770	0.0100	pay 0.0050% / 4h	1h 44m	$1.6M	$81K	50x
Short	Bitget ICNTUSDT	0.09760	0.0100	get 0.0050% / 4h	1h 44m	$681K	$218K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → +0.017%: −$11.94
Slippage, 4 orders: −$203.57
Fee MEXC: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$235.52
Costs to cover: 2.236%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 61 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 MEXC live order book, 2 min ago	10.25 bp	66.4 bp −$66	297.7 bp −$2,977	1120.3 bp −$112.0K	doesn't fit
Sell Bitget live order book, 61 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	+0.0078%	4h	0.09770	0.000%	$98K	$1K	50x	as long as short
Binance ICNTUSDT	+0.0100%	4h	0.09785	+0.150%	$1.5M	$1.0M	50x	as long as short
Bybit ICNTUSDT	+0.0100%	4h	0.09760	−0.102%	$1.3M	$159K	20x	as long as short
Gate ICNT_USDT	+0.0100%	8h	0.09750	−0.205%	$96K	$54K	20x	as long as short
MEXC ICNT_USDClong	+0.0100%	4h	0.09770	long leg	$1.6M	$81K	50x
KuCoin ICNTUSDTM	+0.0100%	4h	0.09769	−0.010%	$729K	$2.2M	30x	as long as short
Bitget ICNTUSDTshort	+0.0100%	4h	0.09760	−0.102%	$681K	$218K	50x
BingX ICNT-USDT	+0.0100%	4h	0.09760	−0.102%	—	$6.6M	—	as long as short
Variational Omni ICNT	+0.0100%	4h	0.09743	−0.273%	$5K	—	—	as long as short