Funding you earn now, next payment 00:00 UTC+0.0113%/8h= +12.3% APRnext payment +$1.13 per $10,000 · paid last 24h +0.026%
Price spread now: SunX against Bybit−0.168%7-day average +0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$192as in the Price arb table
costs, in and out, $10k−$1751.750% of the position
Funding, last 7 days+0.135%+$14 on $10k
+Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.168%, 7d avg +0.004%
=Funding pays, the price is against you. SunX is 0.172% cheaper against Bybit than usual: you would sell low and buy high (spread −0.168% now, against its 7-day average of +0.004%). If the spread goes back, that is −$17 on $10k: about 5.1 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9830 | −0.0013 | get 0.0013% / 8h | 2h 30m | $17.1M | $17.6M | 75x |
| Short | SunX ICP-USDT | 2.9780 | 0.0100 | get 0.0100% / 8h | 2h 30m | $2K | $1.7M | 20x |
Bybit ICPUSDT
SunX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- $23.67
- Price spread: −0.168% → +0.004%
- −$17.16
- Slippage, 4 orders
- −$155.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$168.48
- Costs to cover
- 1.750%
- Break-even
- 56.8 days
Slippage from Bybit: live order book, 3 min ago; SunX: live order book, 5 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, 3 min ago | 1.68 bp | 13.5 bp −$14 | 37.2 bp −$372 | doesn't fit | doesn't fit |
| Sell SunX live order book, 5 min ago | 48.68 bp | 74.3 bp −$74 | doesn't fit | doesn't fit | 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 | −0.469% | $1.7M | $781K | 50x | as long as short |
| Variational Omni ICP | −0.0263% | 8h | 2.9734 | −0.322% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.553% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0186% | 1h | 2.9824 | −0.020% | $266 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0114% | 8h | 2.9820 | −0.034% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDTlong | −0.0013% | 8h | 2.9830 | long leg | $17.1M | $17.6M | 75x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9789 | −0.137% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9827 | −0.011% | $27K | — | 150x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9852 | +0.075% | $188K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9797 | −0.112% | $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 | 2.9836 | +0.022% | $29.0M | $48.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9820 | −0.034% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9840 | +0.034% | $19.3M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9850 | +0.067% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9840 | +0.034% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9830 | 0.000% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9736 | −0.315% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9778 | −0.174% | $571K | $481K | 10x | as long as short |
| SunX ICP-USDTshort | +0.0100% | 8h | 2.9780 | −0.168% | $2K | $1.7M | 20x | |
| HTX ICP-USDT | +0.0100% | 8h | 2.9770 | −0.201% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9836 | +0.021% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0120% | 1h | 2.9869 | +0.131% | $167K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9839 | +0.032% | $496K | $510K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9770 | −0.201% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9860 | +0.101% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9810 | −0.066% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0915% | 1h | 2.9894 | +0.215% | $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
HTX ICP-USDT
Extended ICP-USD
Lighter ICP
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP