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: BingX against Bitget−0.101%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$460.455% 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+0.095%+$9 · spread now −0.101%, 7d avg −0.023%
Together, before fees+0.118%+$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: BingX is 0.078% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT2.96700.0100pay 0.0100% / 8h1h 04m$7.0M$4.6M50x
ShortBingX ICP-USDT2.96400.0100get 0.0100% / 8h1h 04m$5.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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: −0.101% → −0.023%
−$7.81
Slippage, 4 orders
−$23.54
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$53.35
Costs to cover
0.455%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 16 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 Bitget live order book, 4 min ago3.37 bp13.9 bp −$1426.4 bp −$264doesn't fitdoesn't fit
Sell BingX live order book, 16 min ago1.69 bp9.4 bp −$916.9 bp −$16962.6 bp −$6,265475.8 bp −$237.9K

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
Kraken Futures PF_ICPUSD−0.0312%1h2.9677+0.023%$525K$651K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0256%1h2.9635−0.118%$193$43950xas long as short
Phemex ICPUSDT−0.0197%8h2.9570−0.337%$1.8M$681K50xas long as short
Variational Omni ICP−0.0037%8h2.9670−0.001%$1.1M$133Kas long as short
dYdX ICP-USD0.0000%1h2.9687+0.058%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9651−0.063%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.017%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9665−0.017%$139K$496K5xas long as short
Aster ICPUSDT+0.0100%8h2.9687+0.058%$283K$1.0M20xas long as short
Pacifica ICP+0.0100%1h2.9659−0.037%$134K$9K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9650−0.067%$29.1M$48.4M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9620−0.169%$17.3M$17.8M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9640−0.101%$5.8M$15.1M50xas long as short
Gate ICP_USDT+0.0100%8h2.9650−0.067%$1.9M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9650−0.067%$19.1M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9640−0.101%$4.9M$11.8M50xas long as short
Bitget ICPUSDTlong+0.0100%8h2.9670long leg$7.0M$4.6M50x
BingX ICP-USDTshort+0.0100%8h2.9640−0.101%$5.7M
edgeX ICPUSDC+0.0100%4h2.9683+0.043%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9677+0.025%$564K$558K10xas long as short
SunX ICP-USDT+0.0100%8h2.9640−0.101%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9700+0.101%$104K$112K20xas long as short
Extended ICP-USD+0.0104%1h2.9631−0.130%$22K$129K10xas long as short
Hyperliquid ICP+0.0118%1h2.9692+0.074%$4.6M$4.6M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9680+0.034%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9750+0.270%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0457% / S −0.0403%1h2.9650−0.069%$33K100xas long as short