Funding you earn now, next payment 06:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.032%
Price spread now: BingX against Coinbase International−0.271%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.271% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 2.9490 | 0.0320 | pay 0.0040% / 1h | 42m 37s | $57K | $70K | 50x |
| Short | BingX ICP-USDT | 2.9410 | 0.0100 | get 0.0100% / 8h | 1h 42m | — | $5.8M | — |
Coinbase International ICP-PERP-INTX
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- −$46.2
- Price spread: −0.271% → 0.000%
- −$27.13
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$93.33
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 1.70 bp | 10.1 bp −$10 | 18.2 bp −$182 | 65.3 bp −$6,529 | 462.3 bp −$231.2K |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.105% | $522K | $663K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0191% | 1h | 2.9442 | −0.163% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0100% | 8h | 2.9450 | −0.136% | $1.8M | $677K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9465 | −0.086% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9464 | −0.088% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0029% | 8h | 2.9370 | −0.407% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.593% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9419 | −0.241% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9450 | −0.136% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9427 | −0.212% | $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 | −0.162% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9430 | −0.203% | $28.8M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9400 | −0.305% | $17.1M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9410 | −0.271% | $5.7M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9410 | −0.271% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9400 | −0.305% | $18.7M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9430 | −0.203% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9430 | −0.203% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9410 | −0.271% | — | $5.8M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9425 | −0.221% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9429 | −0.208% | $562K | $537K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | −0.102% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9430 | −0.203% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9391 | −0.335% | $23K | $127K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9450 | −0.136% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0320% | 1h | 2.9490 | long leg | $57K | $70K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0410% / S −0.0331% | 1h | 2.9464 | −0.087% | $29K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]