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

ICP

all ICP markets
SwapBacktest
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 BingX+0.103%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$420.425% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.023%−$2 on $10k
Price spread, last 7 days−0.103%−$10 · spread now +0.103%, 7d avg +0.022%
Together, before fees−0.126%−$13 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 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.91900.0100pay 0.0100% / 8h2h 44m$5.8M
ShortBitget ICPUSDT2.92200.0100get 0.0100% / 8h2h 44m$6.9M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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: +0.103% → +0.022%
$8.04
Slippage, 4 orders
−$20.5
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$34.46
Costs to cover
0.425%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Bitget: live order book, 4 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 BingX live order book, 11 min ago1.71 bp6.7 bp −$711.5 bp −$11543.8 bp −$4,380466.2 bp −$233.1K
Sell Bitget live order book, 4 min ago3.41 bp15.2 bp −$1532.1 bp −$321doesn't fitdoesn'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
Deribit ICP_USDC-PERPETUAL−0.0161%1h2.9204+0.048%$190$43950xas long as short
Kraken Futures PF_ICPUSD−0.0068%1h2.9234+0.150%$487K$642K50xas long as short
dYdX ICP-USD0.0000%1h2.9202+0.042%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9203+0.044%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.627%$202$200K12xas long as short
Variational Omni ICP+0.0062%8h2.9140−0.172%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9214+0.082%$141K$492K5xas long as short
Hyperliquid ICP+0.0100%1h2.9236+0.158%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9219+0.099%$261K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9207+0.059%$132K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9206+0.055%$28.6M$48.5M75xas long as short
Bybit ICPUSDT+0.0100%8h2.91900.000%$17.0M$17.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9200+0.034%$5.6M$14.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9200+0.034%$1.8M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9210+0.069%$18.1M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9200+0.034%$4.8M$12.3M50xas long as short
Bitget ICPUSDTshort+0.0100%8h2.9220+0.103%$6.9M$4.6M50x
BingX ICP-USDTlong+0.0100%8h2.9190long leg$5.8M
edgeX ICPUSDC+0.0100%4h2.9263+0.249%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9245+0.189%$556K$501K10xas long as short
SunX ICP-USDT+0.0100%8h2.91900.000%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9180−0.034%$102K$117K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9210+0.069%$1.7M$744K50xas long as short
Extended ICP-USD+0.0104%1h2.9195+0.017%$23K$136K10xas long as short
BloFin ICP-USDT+0.0220%8h2.91900.000%$1.2M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9220+0.103%$57K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0431% / S −0.0367%1h2.9209+0.064%$30K100xas long as short