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

ICP

all ICP markets
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 −0.009%
Price spread now: MEXC against Bitget−0.034%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.348% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.018%−$2 on $10k
Price spread, last 7 days+0.008%+$1 · spread now −0.034%, 7d avg −0.008%
Together, before fees−0.010%−$1 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: MEXC is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT2.96200.0100pay 0.0100% / 8h4h 19m$6.9M$4.7M50x
ShortMEXC ICP_USDT2.96100.0100get 0.0100% / 8h4h 19m$19.9M$10.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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: −0.034% → −0.008%
−$2.53
Slippage, 4 orders
−$22.75
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$37.29
Costs to cover
0.348%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; MEXC: 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 Bitget live order book, 4 min ago1.68 bp12.2 bp −$1226.1 bp −$261doesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago1.69 bp4.3 bp −$412.1 bp −$12165.8 bp −$6,582141.4 bp −$70.7K

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−0.0155%1h2.9600−0.068%$264$46450xas long as short
dYdX ICP-USD0.0000%1h2.9612−0.026%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9612−0.026%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.152%$202$200K12xas long as short
Phemex ICPUSDT+0.0048%8h2.9580−0.135%$1.8M$791K50xas long as short
Variational Omni ICP+0.0093%8h2.9610−0.035%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9630+0.034%$157K$487K5xas long as short
Aster ICPUSDT+0.0100%8h2.9627+0.024%$263K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9606−0.049%$134K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9601−0.063%$29.1M$50.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9600−0.068%$17.1M$18.3M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9610−0.034%$5.7M$16.1M50xas long as short
Gate ICP_USDT+0.0100%8h2.9630+0.034%$1.9M$3.0M50xas long as short
MEXC ICP_USDTshort+0.0100%8h2.9610−0.034%$19.9M$10.3M50x
KuCoin ICPUSDTM+0.0100%8h2.9600−0.068%$4.8M$12.6M50xas long as short
Bitget ICPUSDTlong+0.0100%8h2.9620long leg$6.9M$4.7M50x
BingX ICP-USDT+0.0100%8h2.9610−0.034%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9645+0.083%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9651+0.106%$564K$459K10xas long as short
SunX ICP-USDT+0.0100%8h2.9590−0.101%$2K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9630+0.034%$104K$150K20xas long as short
Extended ICP-USD+0.0104%1h2.9602−0.060%$23K$130K10xas long as short
Hyperliquid ICP+0.0161%1h2.9636+0.054%$4.6M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9640+0.068%$1.2M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9820+0.675%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0535% / S −0.0528%1h2.9609−0.038%$39K100xas long as short
Kraken Futures PF_ICPUSD+0.0570%1h2.9630+0.034%$520K$601K50xas long as short