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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%
Price spread now: Bybit against Binance−0.033%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$460.461% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.061%−$6 on $10k
Price spread, last 7 days+0.052%+$5 · spread now −0.033%, 7d avg −0.033%
Together, before fees−0.009%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ICPUSDT3.02800.0100pay 0.0100% / 8h33m 02s$30.0M$51.5M75x
ShortBybit ICPUSDT3.02700.0100get 0.0100% / 8h33m 02s$18.0M$18.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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: −0.033% → −0.033%
−$0.02
Slippage, 4 orders
−$25.15
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$46.16
Costs to cover
0.461%
Break-even
never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 9 min ago1.65 bp9.3 bp −$924.2 bp −$242256.7 bp −$25.7Kdoesn't fit
Sell Bybit live order book, just now1.65 bp14.2 bp −$1436.0 bp −$360451.0 bp −$45.1Kdoesn't fit

ICP on 27 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
Phemex ICPUSDT−0.1505%8h3.0320+0.132%$1.8M$766K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0344%1h3.0305+0.083%$270$46450xas long as short
Variational Omni ICP−0.0134%8h3.0312+0.104%$1.1M$107Kas long as short
Gate ICP_USDT−0.0020%8h3.0270−0.033%$2.0M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0275−0.017%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0318+0.125%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.031%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0309+0.096%$158K$452K5xas long as short
Aster ICPUSDT+0.0100%8h3.0286+0.021%$196K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0301+0.070%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDTlong+0.0100%8h3.0280long leg$30.0M$51.5M75x
Bybit ICPUSDTshort+0.0100%8h3.0270−0.033%$18.0M$18.4M75x
OKX ICP-USDT-SWAP+0.0100%8h3.02800.000%$6.1M$16.8M50xas long as short
MEXC ICP_USDT+0.0100%8h3.02800.000%$19.2M$9.3M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.02800.000%$5.1M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0310+0.099%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h3.02800.000%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0329+0.162%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0315+0.116%$579K$444K10xas long as short
SunX ICP-USDT+0.0100%8h3.0290+0.033%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0250−0.099%$108K$222K20xas long as short
Extended ICP-USD+0.0104%1h3.0297+0.055%$25K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0171%1h3.0329+0.160%$538K$581K50xas long as short
BloFin ICP-USDT+0.0220%8h3.02800.000%$1.3M$2.3M75xas long as short
Hyperliquid ICP+0.0233%1h3.0334+0.178%$4.8M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.859%$64K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h3.0319+0.127%$38K100xas long as short