Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.2% APRnext payment −$1.57 per $10,000 · paid last 24h +0.006%
Price spread now: Gate against Bybit−0.034%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$640.640% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.034%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.060% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9780 | 0.0054 | pay 0.0054% / 8h | 1h 54m | $17.2M | $17.7M | 75x |
| Short | Gate ICP_USDT | 2.9770 | −0.0103 | pay 0.0103% / 8h | 1h 54m | $1.9M | $2.7M | 50x |
Bybit ICPUSDT
Gate ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$33.05
- Price spread: −0.034% → +0.026%
- −$5.95
- Slippage, 4 orders
- −$37.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$102.96
- Costs to cover
- 0.640%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago | 1.68 bp | 13.3 bp −$13 | 39.0 bp −$390 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 5.04 bp | 17.5 bp −$18 | 66.9 bp −$669 | 237.1 bp −$23.7K | 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 | −0.1255% | 8h | 2.9720 | −0.201% | $1.7M | $779K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0287% | 1h | 2.9800 | +0.067% | $266 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0215% | 8h | 2.9802 | +0.075% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.386% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTshort | −0.0103% | 8h | 2.9770 | −0.034% | $1.9M | $2.7M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9827 | +0.159% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9795 | +0.051% | $27K | — | 150x | as long as short |
| Bybit ICPUSDTlong | +0.0054% | 8h | 2.9780 | long leg | $17.2M | $17.7M | 75x | |
| Lighter ICP | +0.0096% | 1h | 2.9836 | +0.188% | $166K | $441K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9809 | +0.098% | $185K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
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 | 2.9815 | +0.118% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9781 | +0.005% | $28.9M | $48.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9770 | −0.034% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9790 | +0.034% | $19.2M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9800 | +0.067% | $5.0M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9810 | +0.101% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9790 | +0.034% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9691 | −0.299% | $23K | $276K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9779 | −0.002% | $570K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9810 | +0.101% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9780 | 0.000% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9798 | +0.062% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9810 | +0.101% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0224% | 1h | 2.9839 | +0.198% | $489K | $517K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9890 | +0.369% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9784 | +0.014% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0598% | 1h | 2.9833 | +0.178% | $4.7M | $5.0M | 5x | as long as short |
Pacifica ICP
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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP