Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against Gate−0.033%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$630.633% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days+0.034%+$3 · spread now −0.033%, 7d avg −0.026%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 3.0000 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $1.9M | $3.1M | 50x |
| Short | Bybit ICPUSDT | 2.9990 | 0.0100 | get 0.0100% / 8h | 6h 09m | $17.6M | $19.0M | 75x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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: −0.033% → −0.026%
- −$0.74
- Slippage, 4 orders
- −$37.3
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$64.04
- Costs to cover
- 0.633%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 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 Gate live order book, 3 min ago | 1.66 bp | 19.0 bp −$19 | 44.1 bp −$441 | 72.0 bp −$7,196 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.66 bp | 12.0 bp −$12 | 29.7 bp −$297 | 459.4 bp −$45.9K | doesn't fit |
ICP on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0250% | 1h | 3.0008 | +0.027% | $267 | $464 | 50x | as long as short |
| Phemex ICPUSDT | −0.0024% | 8h | 2.9990 | −0.033% | $1.8M | $798K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0079 | +0.265% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0013 | +0.042% | $23K | — | 150x | as long as short |
| Variational Omni ICP | +0.0014% | 8h | 3.0080 | +0.266% | $1.1M | $116K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.117% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9998 | −0.007% | $163K | $492K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0024 | +0.081% | $279K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0073 | +0.245% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0000 | 0.000% | $29.6M | $53.7M | 75x | as long as short |
Show all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDTshort | +0.0100% | 8h | 2.9990 | −0.033% | $17.6M | $19.0M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9980 | −0.067% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDTlong | +0.0100% | 8h | 3.0000 | long leg | $1.9M | $3.1M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0000 | 0.000% | $19.4M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9980 | −0.067% | $4.9M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0000 | 0.000% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9990 | −0.033% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0045 | +0.149% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0077 | +0.255% | $583K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0010 | +0.033% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0030 | +0.100% | $105K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9980 | −0.066% | $22K | $125K | 10x | as long as short |
| Hyperliquid ICP | +0.0145% | 1h | 3.0018 | +0.060% | $4.7M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0140 | +0.467% | $65K | $71K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0012 | +0.041% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0894% | 1h | 3.0049 | +0.163% | $545K | $609K | 50x | as long as short |
Gate ICP_USDT
Bybit ICPUSDT
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
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
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD