Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.046%
Price spread now: BloFin against Bybit+0.099%62s7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 3 days (all we have)−0.195%−$20 · spread now +0.099%, 7d avg +0.031%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.031%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 3.0240 | 0.0100 | pay 0.0100% / 8h | 18m 16s | $18.0M | $18.4M | 75x |
| Short | BloFin ICP-USDT | 3.0270 | 0.0220 | get 0.0220% / 8h | 18m 16s | $1.3M | $2.3M | 75x |
Bybit ICPUSDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $25.2
- Price spread: +0.099% → +0.031%
- $6.81
- Slippage, 4 orders
- −$28.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$19.77
- Costs to cover
- 0.518%
- Break-even
- 12.5 days
Slippage from Bybit: live order book, just now; BloFin: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, just now | 1.65 bp | 10.5 bp −$10 | 35.3 bp −$353 | 485.2 bp −$48.5K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 1.65 bp | 17.1 bp −$17 | 25.8 bp −$258 | 83.8 bp −$8,384 | doesn't fit |
ICP on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1373% | 8h | 3.0330 | +0.298% | $1.8M | $765K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0345% | 1h | 3.0251 | +0.036% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0122% | 8h | 3.0296 | +0.185% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0013% | 8h | 3.0240 | 0.000% | $1.9M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0265 | +0.082% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0265 | +0.081% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.901% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0274 | +0.112% | $157K | $455K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0249 | +0.029% | $188K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0257 | +0.055% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0241 | +0.002% | $29.9M | $51.7M | 75x | as long as short |
| Bybit ICPUSDTlong | +0.0100% | 8h | 3.0240 | long leg | $18.0M | $18.4M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0220 | −0.066% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0230 | −0.033% | $19.2M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0230 | −0.033% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0260 | +0.066% | $7.1M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0240 | 0.000% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0213 | −0.088% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0258 | +0.059% | $578K | $436K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0230 | −0.033% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0210 | −0.099% | $107K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0237 | −0.008% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0276 | +0.120% | $537K | $578K | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 3.0270 | +0.099% | $1.3M | $2.3M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.992% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0259% | 1h | 3.0297 | +0.188% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0253 | +0.044% | $38K | — | 100x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]