Funding you earn now, next payment 00:00 UTC+0.0233%/8h= +25.5% APRnext payment +$2.33 per $10,000 · paid last 24h +0.046%
Price spread now: BloFin against Bybit−0.168%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.168%, 7d avg +0.028%
=Funding pays, the price is against you. BloFin is 0.196% cheaper against Bybit than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.028%). If the spread goes back, that is −$20 on $10k: about 2.8 days of funding at the current rate (+$7 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9820 | −0.0013 | get 0.0013% / 8h | 2h 31m | $17.1M | $17.6M | 75x |
| Short | BloFin ICP-USDT | 2.9770 | 0.0220 | get 0.0220% / 8h | 2h 31m | $1.2M | $2.2M | 75x |
Bybit ICPUSDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $48.87
- Price spread: −0.168% → +0.028%
- −$19.61
- Slippage, 4 orders
- −$29.53
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$23.27
- Costs to cover
- 0.525%
- Break-even
- 10.3 days
Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 2 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, 2 min ago | 1.68 bp | 13.5 bp −$14 | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 3.36 bp | 13.7 bp −$14 | 24.6 bp −$246 | 81.3 bp −$8,128 | 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 | −0.1321% | 8h | 2.9690 | −0.436% | $1.7M | $781K | 50x | as long as short |
| Variational Omni ICP | −0.0263% | 8h | 2.9734 | −0.289% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.520% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0186% | 1h | 2.9824 | +0.013% | $266 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0114% | 8h | 2.9830 | +0.034% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDTlong | −0.0013% | 8h | 2.9820 | long leg | $17.1M | $17.6M | 75x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9789 | −0.103% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9827 | +0.022% | $27K | — | 150x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9817 | −0.009% | $187K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9797 | −0.079% | $135K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9834 | +0.047% | $29.0M | $48.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9830 | +0.034% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9820 | 0.000% | $19.5M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9820 | 0.000% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9850 | +0.101% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9840 | +0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9736 | −0.282% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9778 | −0.141% | $571K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9780 | −0.134% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9770 | −0.168% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9820 | 0.000% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0120% | 1h | 2.9853 | +0.111% | $167K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9839 | +0.065% | $496K | $510K | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 2.9770 | −0.168% | $1.2M | $2.2M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9860 | +0.134% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9810 | −0.033% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0917% | 1h | 2.9898 | +0.262% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
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
Lighter ICP
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP