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: KuCoin against MEXC0.000%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$409as in the Funding arb table

Net, price: spread back to 7d avg − costs−$442as in the Price arb table

costs, in and out, $10k−$4324.319% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.096%+$10 · spread now 0.000%, 7d avg +0.101%

Together, before fees+0.320%+$32 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: KuCoin is 0.101% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ICNT_USDC	0.09730	0.0100	pay 0.0050% / 4h	2h 51m	$1.6M	$81K	50x
Short	KuCoin ICNTUSDTM	0.09730	0.0100	get 0.0050% / 4h	2h 51m	$731K	$2.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.101%: −$10.08
Slippage, 4 orders: −$411.93
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$442.01
Costs to cover: 4.319%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	10.29 bp	83.0 bp −$83	303.9 bp −$3,039	770.1 bp −$77.0K	doesn't fit
Sell KuCoin live order book, 10 min ago	7.23 bp	53.1 bp −$53	doesn't fit	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
Binance ICNTUSDT	+0.0100%	4h	0.09720	−0.103%	$1.5M	$1.0M	50x	as long as short
Bybit ICNTUSDT	+0.0100%	4h	0.09720	−0.103%	$1.3M	$153K	20x	as long as short
Gate ICNT_USDT	+0.0100%	8h	0.09710	−0.206%	$96K	$52K	20x	as long as short
MEXC ICNT_USDClong	+0.0100%	4h	0.09730	long leg	$1.6M	$81K	50x
KuCoin ICNTUSDTMshort	+0.0100%	4h	0.09730	0.000%	$731K	$2.2M	30x
Bitget ICNTUSDT	+0.0100%	4h	0.09720	−0.103%	$674K	$209K	50x	as long as short
BingX ICNT-USDT	+0.0100%	4h	0.09720	−0.103%	—	$6.5M	—	as long as short
Variational Omni ICNT	+0.0100%	4h	0.09713	−0.172%	$5K	—	—	as long as short
BloFin ICNT-USDT	+0.0148%	4h	0.09730	0.000%	$98K	$1K	50x	as long as short