Settings8H · net · $10k
Funding arb · Price arb /

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin0.000%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.672% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 7 days−0.019%−$2 · spread now 0.000%, 7d avg −0.022%
Together, before fees+0.070%+$7 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 0.022% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ICPUSDTM2.98700.0100pay 0.0100% / 8h2h 23m$5.3M$12.8M50x
ShortBingX ICP-USDT2.98700.0100get 0.0100% / 8h2h 23m$4.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → −0.022%
$2.21
Slippage, 4 orders
−$45.2
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$64.99
Costs to cover
0.672%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago3.35 bp23.3 bp −$2384.5 bp −$845doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago1.68 bp8.8 bp −$916.4 bp −$16465.4 bp −$6,539486.1 bp −$243.1K

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ICPUSDT−0.1410%8h2.9690−0.603%$1.7M$779K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0285%1h2.98700.000%$266$46450xas long as short
Variational Omni ICP−0.0245%8h2.9864−0.020%$1.1M$119Kas long as short
Injective ICP/USDC PERP−0.0199%1h2.9665−0.686%$202$200K12xas long as short
Gate ICP_USDT−0.0099%8h2.9850−0.067%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9889+0.063%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9877+0.022%$27K150xas long as short
Bybit ICPUSDT+0.0008%8h2.9860−0.033%$17.2M$17.6M75xas long as short
Aster ICPUSDT+0.0100%8h2.9881+0.036%$188K$1.5M20xas long as short
Pacifica ICP+0.0100%1h2.9878+0.026%$135K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9880+0.033%$29.1M$48.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9880+0.033%$5.8M$15.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.98700.000%$19.2M$8.5M50xas long as short
KuCoin ICPUSDTMlong+0.0100%8h2.9870long leg$5.3M$12.8M50x
Bitget ICPUSDT+0.0100%8h2.9880+0.033%$6.9M$4.4M50xas long as short
BingX ICP-USDTshort+0.0100%8h2.98700.000%$4.9M
edgeX ICPUSDC+0.0100%4h2.9855−0.050%$23K$276K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9854−0.053%$572K$481K10xas long as short
SunX ICP-USDT+0.0100%8h2.9860−0.033%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9840−0.100%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9862−0.026%$24K$123K10xas long as short
Lighter ICP+0.0136%1h2.9903+0.110%$167K$442K5xas long as short
Kraken Futures PF_ICPUSD+0.0148%1h2.9893+0.076%$490K$517K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9890+0.067%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0232%1h2.9890+0.067%$62K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0533% / S −0.0529%1h2.9872+0.007%$40K100xas long as short
Hyperliquid ICP+0.0872%1h2.9940+0.234%$4.7M$5.0M5xas long as short