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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.132%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$790.794% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.051%+$5 on $10k
Price spread, last 7 days−0.119%−$12 · spread now +0.132%, 7d avg −0.001%
Together, before fees−0.067%−$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: Bitget is 0.133% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ICPUSDTM3.03400.0100pay 0.0100% / 8h7h 39m$5.2M$13.3M50x
ShortBitget ICPUSDT3.03800.0100get 0.0100% / 8h7h 39m$7.1M$4.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.132% → −0.001%
$13.27
Slippage, 4 orders
−$55.36
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$66.09
Costs to cover
0.794%
Break-even
never at this rate
Slippage from KuCoin: live order book, 9 min ago; Bitget: live order book, 4 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, 9 min ago1.64 bp30.2 bp −$3097.3 bp −$973doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago3.28 bp13.6 bp −$1428.5 bp −$285doesn't fitdoesn't fit

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
Deribit ICP_USDC-PERPETUAL−0.0672%1h3.0342+0.007%$270$46450xas long as short
Kraken Futures PF_ICPUSD−0.0122%1h3.0398+0.192%$554K$602K50xas long as short
Phemex ICPUSDT−0.0103%8h3.03400.000%$1.8M$773K50xas long as short
Variational Omni ICP−0.0086%8h3.0390+0.166%$1.1M$111Kas long as short
dYdX ICP-USD0.0000%1h3.0510+0.562%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0374+0.113%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.225%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0388+0.158%$174K$479K5xas long as short
Aster ICPUSDT+0.0100%8h3.0397+0.186%$300K$1.6M20xas long as short
Pacifica ICP+0.0100%1h3.0481+0.466%$138K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0370+0.099%$30.3M$52.8M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0360+0.066%$18.1M$18.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0360+0.066%$6.2M$17.0M50xas long as short
Gate ICP_USDT+0.0100%8h3.0370+0.099%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0350+0.033%$19.3M$9.5M50xas long as short
KuCoin ICPUSDTMlong+0.0100%8h3.0340long leg$5.2M$13.3M50x
Bitget ICPUSDTshort+0.0100%8h3.0380+0.132%$7.1M$4.8M50x
BingX ICP-USDT+0.0100%8h3.0360+0.066%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0416+0.250%$24K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0459+0.391%$589K$471K10xas long as short
SunX ICP-USDT+0.0100%8h3.0370+0.099%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0360+0.066%$106K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0341+0.003%$22K$118K10xas long as short
Hyperliquid ICP+0.0167%1h3.0403+0.208%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0500+0.527%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0540+0.659%$63K$87K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0510% / S −0.0480%1h3.0389+0.160%$38K100xas long as short