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 +0.009%
Price spread now: Bitget against MEXC+0.100%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$350.353% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days−0.105%−$10 · spread now +0.100%, 7d avg +0.007%
Together, before fees−0.093%−$9 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 0.092% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICP_USDT3.01500.0100pay 0.0100% / 8h7m 44s$19.1M$9.3M50x
ShortBitget ICPUSDT3.01800.0100get 0.0100% / 8h7m 44s$7.1M$4.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: +0.100% → +0.007%
$9.21
Slippage, 4 orders
−$23.32
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$26.1
Costs to cover
0.353%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Bitget: 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 MEXC live order book, 1 min ago1.66 bp4.8 bp −$512.3 bp −$12379.9 bp −$7,991144.3 bp −$72.2K
Sell Bitget live order book, 6 min ago1.66 bp13.6 bp −$1428.7 bp −$287doesn'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
Phemex ICPUSDT−0.1294%8h3.0280+0.431%$1.8M$762K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0478%1h3.0182+0.106%$269$46450xas long as short
Variational Omni ICP−0.0115%8h3.0101−0.164%$1.1M$108Kas long as short
Gate ICP_USDT−0.0007%8h3.01500.000%$1.9M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0198+0.158%$70K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0195+0.149%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.609%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0164+0.046%$157K$455K5xas long as short
Aster ICPUSDT+0.0100%8h3.01500.000%$187K$1.4M20xas long as short
Pacifica ICP+0.0100%1h3.0196+0.153%$137K$11K5xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0130−0.066%$29.8M$51.7M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0140−0.033%$17.9M$18.5M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0140−0.033%$6.1M$16.8M50xas long as short
MEXC ICP_USDTlong+0.0100%8h3.0150long leg$19.1M$9.3M50x
KuCoin ICPUSDTM+0.0100%8h3.0160+0.033%$5.1M$13.3M50xas long as short
Bitget ICPUSDTshort+0.0100%8h3.0180+0.100%$7.1M$4.7M50x
BingX ICP-USDT+0.0100%8h3.0140−0.033%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0156+0.020%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0111−0.128%$580K$450K10xas long as short
SunX ICP-USDT+0.0100%8h3.0170+0.066%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0190+0.133%$108K$224K20xas long as short
Extended ICP-USD+0.0104%1h3.0151+0.003%$25K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0172%1h3.0205+0.182%$536K$578K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0140−0.033%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+1.294%$64K$89K50xas long as short
Hyperliquid ICP+0.0274%1h3.0202+0.172%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0507% / S −0.0480%1h3.0200+0.165%$38K100xas long as short