Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%
Price spread now: BingX against GRVT−0.013%114s7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days+0.013%+$1 on $10k
+Price spread, last 3 days (all we have)−0.174%−$17 · spread now −0.013%, 7d avg +0.037%
=Together, before fees−0.161%+ Points / potential airdropGRVT: Active · farm board−$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.050% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ICP_USDT_Perp | 3.0474 | 0.0100 | pay 0.0100% / 8h | 7h 17m | $578K | $467K | 10x |
| Short | BingX ICP-USDT | 3.0470 | 0.0100 | get 0.0100% / 8h | 7h 17m | — | $5.8M | — |
GRVT ICP_USDT_Perp
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against GRVT. 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: −0.013% → +0.037%
- −$5
- Slippage, 4 orders
- −$39.47
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$63.47
- Costs to cover
- 0.585%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 55 min ago; BingX: 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 GRVT live order book, 55 min ago | 3.32 bp | 11.8 bp −$12 | 62.3 bp −$623 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 3.28 bp | 11.0 bp −$11 | 16.2 bp −$162 | 48.2 bp −$4,816 | 467.0 bp −$233.5K |
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 | −0.0121% | 1h | 3.0513 | +0.129% | $557K | $598K | 50x | as long as short |
| Variational Omni ICP | −0.0057% | 8h | 3.0460 | −0.046% | $1.1M | $110K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0046% | 1h | 3.0443 | −0.101% | $271 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0463 | −0.037% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0440 | −0.111% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.654% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0512 | +0.125% | $174K | $480K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0490 | +0.053% | $337K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0483 | +0.031% | $138K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0481 | +0.022% | $30.5M | $52.6M | 75x | as long as short |
Kraken Futures PF_ICPUSD
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0450 | −0.078% | $18.1M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0470 | −0.013% | $6.2M | $16.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0480 | +0.020% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0480 | +0.020% | $19.8M | $9.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0460 | −0.046% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0490 | +0.053% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 3.0470 | −0.013% | — | $5.8M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0473 | −0.003% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 3.0474 | long leg | $578K | $467K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 3.0440 | −0.111% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0370 | −0.341% | $106K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0550 | +0.250% | $1.8M | $777K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0468 | −0.019% | $23K | $129K | 10x | as long as short |
| Hyperliquid ICP | +0.0161% | 1h | 3.0530 | +0.184% | $4.7M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0400 | −0.242% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0480 | +0.020% | $63K | $65K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0511% / S −0.0480% | 1h | 3.0431 | −0.141% | $38K | — | 100x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]