Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.019%
Price spread now: BloFin against BingX−0.067%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.446% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now −0.067%, 7d avg +0.006%
=Funding pays, the price is against you. BloFin is 0.073% cheaper against BingX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.006%). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ICP-USDT | 2.9910 | 0.0100 | pay 0.0100% / 8h | 1h 42m | — | $4.9M | — |
| Short | BloFin ICP-USDT | 2.9890 | 0.0220 | get 0.0220% / 8h | 1h 42m | $1.2M | $2.3M | 75x |
BingX ICP-USDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $25.2
- Price spread: −0.067% → +0.006%
- −$7.33
- Slippage, 4 orders
- −$22.63
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$26.76
- Costs to cover
- 0.446%
- Break-even
- 14.4 days
Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 6 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 BingX live order book, 8 min ago | 1.68 bp | 8.5 bp −$9 | 13.7 bp −$137 | 60.8 bp −$6,084 | 478.0 bp −$239.0K |
| Sell BloFin live order book, 6 min ago | 1.67 bp | 16.8 bp −$17 | 25.2 bp −$252 | 75.4 bp −$7,545 | 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 | −0.1248% | 8h | 2.9750 | −0.535% | $1.7M | $777K | 50x | as long as short |
| Variational Omni ICP | −0.0204% | 8h | 2.9852 | −0.193% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.819% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0098% | 8h | 2.9890 | −0.067% | $1.9M | $2.7M | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0084% | 1h | 2.9893 | −0.057% | $266 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9903 | −0.022% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9896 | −0.045% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0073% | 8h | 2.9900 | −0.033% | $17.3M | $17.8M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9924 | +0.047% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9924 | +0.046% | $185K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9906 | −0.013% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9908 | −0.008% | $29.6M | $49.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9910 | 0.000% | $5.9M | $15.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9900 | −0.033% | $19.3M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9920 | +0.033% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9910 | 0.000% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDTlong | +0.0100% | 8h | 2.9910 | long leg | — | $4.9M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9859 | −0.170% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9865 | −0.150% | $571K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9890 | −0.067% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9850 | −0.201% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9898 | −0.042% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 2.9890 | −0.067% | $1.2M | $2.3M | 75x | |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9924 | +0.047% | $490K | $513K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9920 | +0.033% | $63K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9892 | −0.059% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0629% | 1h | 2.9971 | +0.203% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP