Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: Binance against Bybit0.000%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$450.445% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg +0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9400 | 0.0100 | pay 0.0100% / 8h | 1h 42m | $17.1M | $18.0M | 75x |
| Short | Binance ICPUSDT | 2.9400 | 0.0100 | get 0.0100% / 8h | 1h 42m | $28.8M | $48.9M | 75x |
Bybit ICPUSDT
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: 0.000% → +0.035%
- −$3.5
- Slippage, 4 orders
- −$23.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$48.01
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 14 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 Bybit live order book, 1 min ago | 1.70 bp | 10.2 bp −$10 | 24.7 bp −$247 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.70 bp | 11.4 bp −$11 | 23.6 bp −$236 | 210.6 bp −$21.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0314% | 1h | 2.9459 | +0.201% | $522K | $663K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0191% | 1h | 2.9442 | +0.143% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0100% | 8h | 2.9450 | +0.170% | $1.8M | $677K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9465 | +0.220% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9464 | +0.218% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0029% | 8h | 2.9370 | −0.103% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.901% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9419 | +0.065% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9450 | +0.170% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9435 | +0.120% | $261K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid 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 | 2.9442 | +0.144% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDTshort | +0.0100% | 8h | 2.9400 | 0.000% | $28.8M | $48.9M | 75x | |
| Bybit ICPUSDTlong | +0.0100% | 8h | 2.9400 | long leg | $17.1M | $18.0M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9400 | 0.000% | $5.7M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9430 | +0.102% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9400 | 0.000% | $18.7M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9430 | +0.102% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9430 | +0.102% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9430 | +0.102% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9425 | +0.084% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9429 | +0.097% | $562K | $537K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.204% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9430 | +0.102% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9422 | +0.076% | $23K | $127K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9450 | +0.170% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9490 | +0.306% | $57K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0410% / S −0.0331% | 1h | 2.9464 | +0.219% | $29K | — | 100x | as long as short |
Pacifica ICP
OKX ICP-USDT-SWAP
Gate ICP_USDT
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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]