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 +0.026%
Price spread now: KuCoin against Bybit+0.034%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$690.686% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 7 days−0.072%−$7 · spread now +0.034%, 7d avg +0.039%
Together, before fees−0.050%−$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ICPUSDT2.96600.0100pay 0.0100% / 8h4h 12m$17.2M$18.2M75x
ShortKuCoin ICPUSDTM2.96700.0100get 0.0100% / 8h4h 12m$4.8M$12.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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% → +0.039%
−$0.54
Slippage, 4 orders
−$45.57
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$69.11
Costs to cover
0.686%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 7 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 Bybit live order book, 1 min ago3.37 bp11.2 bp −$1133.0 bp −$330doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago1.69 bp25.8 bp −$2668.3 bp −$683doesn'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
dYdX ICP-USD0.0000%1h2.9663+0.010%$69K$3K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9661+0.003%$264$43950xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9662+0.007%$22K150xas long as short
Phemex ICPUSDT+0.0007%8h2.9620−0.135%$1.8M$791K50xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.017%$202$200K12xas long as short
Variational Omni ICP+0.0090%8h2.9620−0.135%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9683+0.078%$157K$487K5xas long as short
Aster ICPUSDT+0.0100%8h2.9661+0.005%$263K$1.6M20xas long as short
Pacifica ICP+0.0100%1h2.9649−0.036%$134K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9669+0.032%$29.1M$50.5M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDTlong+0.0100%8h2.9660long leg$17.2M$18.2M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9650−0.034%$5.7M$16.1M50xas long as short
Gate ICP_USDT+0.0100%8h2.96600.000%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9670+0.034%$19.7M$10.3M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h2.9670+0.034%$4.8M$12.6M50x
Bitget ICPUSDT+0.0100%8h2.9670+0.034%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.96600.000%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9648−0.039%$23K$281K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9664+0.014%$565K$459K10xas long as short
SunX ICP-USDT+0.0100%8h2.9640−0.067%$2K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9620−0.135%$104K$129K20xas long as short
Extended ICP-USD+0.0104%1h2.9655−0.017%$23K$126K10xas long as short
Hyperliquid ICP+0.0135%1h2.9693+0.112%$4.6M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9680+0.067%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9820+0.539%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9662+0.008%$31K100xas long as short
Kraken Futures PF_ICPUSD+0.0569%1h2.9683+0.077%$521K$600K50xas long as short