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
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%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 3.0280 | 0.0100 | pay 0.0100% / 8h | 33m 02s | $30.0M | $51.5M | 75x |
| Short | Bybit ICPUSDT | 3.0270 | 0.0100 | get 0.0100% / 8h | 33m 02s | $18.0M | $18.4M | 75x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 9 min ago | 1.65 bp | 9.3 bp −$9 | 24.2 bp −$242 | 256.7 bp −$25.7K | doesn't fit |
| Sell Bybit live order book, just now | 1.65 bp | 14.2 bp −$14 | 36.0 bp −$360 | 451.0 bp −$45.1K | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1505% | 8h | 3.0320 | +0.132% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0344% | 1h | 3.0305 | +0.083% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0134% | 8h | 3.0312 | +0.104% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0020% | 8h | 3.0270 | −0.033% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0275 | −0.017% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0318 | +0.125% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.031% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0309 | +0.096% | $158K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0286 | +0.021% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0301 | +0.070% | $137K | $11K | 5x | as long as short |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDTlong | +0.0100% | 8h | 3.0280 | long leg | $30.0M | $51.5M | 75x | |
| Bybit ICPUSDTshort | +0.0100% | 8h | 3.0270 | −0.033% | $18.0M | $18.4M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0280 | 0.000% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0280 | 0.000% | $19.2M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0280 | 0.000% | $5.1M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0310 | +0.099% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0280 | 0.000% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0329 | +0.162% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0315 | +0.116% | $579K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0290 | +0.033% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0250 | −0.099% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0297 | +0.055% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0329 | +0.160% | $538K | $581K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0280 | 0.000% | $1.3M | $2.3M | 75x | as long as short |
| Hyperliquid ICP | +0.0233% | 1h | 3.0334 | +0.178% | $4.8M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.859% | $64K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0319 | +0.127% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]