Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.023%
Price spread now: Bybit against Extended−0.020%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.485% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.020%, 7d avg +0.002%
=Together, before fees−0.025%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.022% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.002%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ICP-USD | 2.9386 | 0.0104 | pay 0.0013% / 1h | 21m 52s | $22K | $233K | 10x |
| Short | Bybit ICPUSDT | 2.9380 | 0.0055 | get 0.0055% / 8h | 21m 52s | $17.0M | $17.9M | 75x |
Extended ICP-USD
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$10.31
- Price spread: −0.020% → +0.002%
- −$2.21
- Slippage, 4 orders
- −$32.53
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$61.05
- Costs to cover
- 0.485%
- Break-even
- never at this rate
Slippage from Extended: live order book, 15 min ago; Bybit: live order book, 2 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 Extended live order book, 15 min ago | 3.73 bp | 13.0 bp −$13 | 80.9 bp −$809 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.70 bp | 14.6 bp −$15 | 30.5 bp −$305 | 433.7 bp −$43.4K | 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 | −0.0262% | 8h | 2.9410 | +0.082% | $1.7M | $685K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0212% | 1h | 2.9438 | +0.178% | $521K | $662K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0158% | 1h | 2.9392 | +0.021% | $191 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0147% | 8h | 2.9400 | +0.047% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9434 | +0.164% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9412 | +0.090% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.950% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDTshort | +0.0055% | 8h | 2.9380 | −0.020% | $17.0M | $17.9M | 75x | |
| Lighter ICP | +0.0096% | 1h | 2.9397 | +0.038% | $137K | $489K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9425 | +0.133% | $4.5M | $4.6M | 5x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.0100% | 8h | 2.9399 | +0.046% | $271K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9427 | +0.141% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9396 | +0.033% | $28.7M | $47.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9360 | −0.088% | $5.7M | $14.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9390 | +0.014% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9390 | +0.014% | $19.1M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9390 | +0.014% | $4.9M | $11.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9410 | +0.082% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9390 | +0.014% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9422 | +0.123% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9410 | +0.082% | $567K | $568K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9390 | +0.014% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9410 | +0.082% | $103K | $113K | 20x | as long as short |
| Extended ICP-USDlong | +0.0104% | 1h | 2.9386 | long leg | $22K | $233K | 10x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9400 | +0.048% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0376% | 1h | 2.9750 | +1.239% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9409 | +0.079% | $32K | — | 100x | as long as short |
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]