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

ICP

all ICP markets
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 −0.026%
Price spread now: Bybit against KuCoin−0.033%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$660.658% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$1 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.033%, 7d avg −0.039%
Together, before fees−0.006%−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ICPUSDTM2.99800.0100pay 0.0100% / 8h1h 09m$5.1M$13.0M50x
ShortBybit ICPUSDT2.99700.0100get 0.0100% / 8h1h 09m$17.4M$17.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.033% → −0.039%
$0.58
Slippage, 4 orders
−$42.8
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$65.22
Costs to cover
0.658%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago1.67 bp21.0 bp −$2172.7 bp −$727doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago1.67 bp13.1 bp −$1329.7 bp −$297227.1 bp −$22.7Kdoesn'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
Phemex ICPUSDT−0.1469%8h2.9800−0.600%$1.7M$769K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0283%1h2.9983+0.010%$267$46450xas long as short
Variational Omni ICP−0.0154%8h2.9931−0.164%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.051%$202$200K12xas long as short
Gate ICP_USDT−0.0047%8h2.9970−0.033%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9986+0.019%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9994+0.048%$27K150xas long as short
Lighter ICP+0.0096%1h3.0010+0.100%$160K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9994+0.045%$209K$1.4M20xas long as short
Pacifica ICP+0.0100%1h2.9982+0.007%$136K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9980+0.002%$29.6M$50.4M75xas long as short
Bybit ICPUSDTshort+0.0100%8h2.9970−0.033%$17.4M$17.9M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9970−0.033%$5.9M$16.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.99800.000%$19.6M$8.9M50xas long as short
KuCoin ICPUSDTMlong+0.0100%8h2.9980long leg$5.1M$13.0M50x
Bitget ICPUSDT+0.0100%8h2.9990+0.033%$6.8M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9960−0.067%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9950−0.099%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9941−0.131%$573K$435K10xas long as short
SunX ICP-USDT+0.0100%8h2.9990+0.033%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9940−0.133%$106K$220K20xas long as short
Extended ICP-USD+0.0104%1h2.9975−0.018%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9950−0.100%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9999+0.063%$487K$528K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0030+0.167%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9990+0.033%$37K100xas long as short
Hyperliquid ICP+0.0671%1h3.0023+0.143%$4.7M$5.0M5xas long as short