Settings8H · net · $10k
Funding arb · Price arb /

ICNT

all ICNT markets
SwapBacktest
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: Bybit against MEXC−0.311%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$414as in the Price arb table
costs, in and out, $10k−$3903.901% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 days+0.364%+$36 · spread now −0.311%, 7d avg −0.068%
Together, before fees+0.364%+$36 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: Bybit is 0.243% cheaper against MEXC than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICNT_USDC0.096500.0100pay 0.0050% / 4h2h 28m$1.6M$81K50x
ShortBybit ICNTUSDT0.096200.0100get 0.0050% / 4h2h 28m$1.3M$175K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.311% → −0.068%
−$24.26
Slippage, 4 orders
−$371.12
Fee MEXC: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$414.37
Costs to cover
3.901%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago10.38 bp84.5 bp −$85297.3 bp −$2,9731016.9 bp −$101.7Kdoesn't fit
Sell Bybit live order book, 2 min ago5.18 bp121.9 bp −$122459.7 bp −$4,597doesn't fitdoesn't fit

ICNT on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICNTUSDT+0.0100%4h0.09650+0.005%$1.5M$1.2M50xas long as short
Bybit ICNTUSDTshort+0.0100%4h0.09620−0.311%$1.3M$175K20x
Gate ICNT_USDT+0.0100%8h0.096500.000%$104K$57K20xas long as short
MEXC ICNT_USDClong+0.0100%4h0.09650long leg$1.6M$81K50x
KuCoin ICNTUSDTM+0.0100%4h0.09644−0.062%$709K$2.2M30xas long as short
Bitget ICNTUSDT+0.0100%4h0.09630−0.207%$682K$205K50xas long as short
BingX ICNT-USDT+0.0100%4h0.09640−0.104%$6.5Mas long as short
Variational Omni ICNT+0.0100%4h0.09639−0.119%$5Kas long as short