data as of
Settings8H · net · $10k
Funding arb /

ICP

all ICP markets
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Funding spread now, next payment 00:00 UTC−0.0448%/8h
next payment, per $10,000$4.48paid, last 24h−0.026%paid, last 7 days−0.103%to open and close $10k−$33
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.94100.0100pay 0.0100% / 8h7h 06m$4.1M
ShortBybit ICPUSDT2.9380−0.0348pay 0.0348% / 8h7h 06m$16.9M$14.9M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$94.02
Slippage, 4 orders
−$12.32
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$127.34
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.102%
Avg gap 7d
−0.016%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 5 min ago1.70 bp6.7 bp −$714.7 bp −$14744.0 bp −$4,401482.5 bp −$241.2K
Sell Bybit live order book, 4 min ago3.41 bp8.9 bp −$914.9 bp −$149502.3 bp −$50.2Kdoesn't fit

ICP on 26 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ICPUSDTshort−0.0348%8h$16.9M$14.9M75x
Variational Omni ICP−0.0346%8h$1.1M$102Kas long as short
Gate ICP_USDT−0.0107%8h$1.8M$2.2M50xas long as short
Kraken Futures PF_ICPUSD−0.0090%1h$502K$487K50xas long as short
Extended ICP-USD−0.0016%1h$24K$133K10xas long as short
Binance ICPUSDT−0.0013%8h$28.8M$44.7M75xas long as short
MEXC ICP_USDT−0.0013%8h$18.9M$7.3M50xas long as short
OKX ICP-USDT-SWAP−0.0009%8h$5.8M$14.5M50xas long as short
dYdX ICP-USD0.0000%1h$70K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h$262$36650xas long as short
Show all 26 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h$26K150xas long as short
Injective ICP/USDC PERP+0.0033%1h$202$130K12xas long as short
Aster ICPUSDT+0.0088%8h$181K$1.7M20xas long as short
Lighter ICP+0.0096%1h$143K$314K5xas long as short
Coinbase International ICP-PERP-INTX+0.0096%1h$67K$113K50xas long as short
Pacifica ICP+0.0100%1h$133K$10K5xas long as short
KuCoin ICPUSDTM+0.0100%8h$5.0M$11.3M50xas long as short
Bitget ICPUSDT+0.0100%8h$6.8M$3.8M50xas long as short
BingX ICP-USDTlong+0.0100%8h$4.1M
edgeX ICPUSDC+0.0100%4h$23K$276K10xas long as short
SunX ICP-USDT+0.0100%8h$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h$111K$278K20xas long as short
Phemex ICPUSDT+0.0100%8h$1.8M$806K50xas long as short
BloFin ICP-USDT+0.0107%8h$1.2M$2.4M75xas long as short
Hyperliquid ICP+0.0143%1h$4.7M$3.4M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0373% / S −0.0257%1h$31K100xas long as short