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 −0.009%
Price spread now: MEXC against BingX+0.069%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$280.284% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 7 days−0.075%−$8 · spread now +0.069%, 7d avg +0.014%
Together, before fees−0.117%−$12 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: MEXC is 0.055% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.90900.0100pay 0.0100% / 8h2h 38m$5.8M
ShortMEXC ICP_USDT2.91100.0100get 0.0100% / 8h2h 38m$17.9M$9.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.069% → +0.014%
$5.46
Slippage, 4 orders
−$18.35
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 0 bp × 2 orders
$0
Net
−$22.9
Costs to cover
0.284%
Break-even
never at this rate
Slippage from BingX: live order book, 7 min ago; MEXC: 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 BingX live order book, 7 min ago3.43 bp11.1 bp −$1117.7 bp −$17752.9 bp −$5,295503.6 bp −$251.8K
Sell MEXC live order book, just now1.72 bp5.4 bp −$514.0 bp −$14068.2 bp −$6,818140.1 bp −$70.1K

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−0.0334%1h2.9108+0.062%$189$43950xas long as short
Kraken Futures PF_ICPUSD−0.0069%1h2.9116+0.088%$483K$646K50xas long as short
dYdX ICP-USD0.0000%1h2.9098+0.026%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9113+0.079%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.977%$202$200K12xas long as short
Variational Omni ICP+0.0062%8h2.9110+0.070%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9125+0.120%$140K$493K5xas long as short
Hyperliquid ICP+0.0100%1h2.9144+0.186%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9121+0.105%$260K$1.3M20xas long as short
Pacifica ICP+0.0100%1h2.9107+0.058%$132K$10K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9110+0.069%$28.4M$48.7M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9100+0.034%$17.0M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9110+0.069%$5.6M$14.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9110+0.069%$1.8M$2.8M50xas long as short
MEXC ICP_USDTshort+0.0100%8h2.9110+0.069%$17.9M$9.9M50x
KuCoin ICPUSDTM+0.0100%8h2.9110+0.069%$4.8M$12.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9120+0.103%$6.9M$4.6M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9090long leg$5.8M
edgeX ICPUSDC+0.0100%4h2.9176+0.295%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9126+0.123%$554K$489K10xas long as short
SunX ICP-USDT+0.0100%8h2.90900.000%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9060−0.103%$101K$117K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9120+0.103%$1.7M$736K50xas long as short
Extended ICP-USD+0.0104%1h2.9096+0.021%$23K$134K10xas long as short
BloFin ICP-USDT+0.0220%8h2.90900.000%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9140+0.172%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0431% / S −0.0367%1h2.9109+0.065%$30K100xas long as short