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: Bybit against BingX−0.034%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$440.441% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.096%−$10 on $10k
Price spread, last 7 days+0.008%+$1 · spread now −0.034%, 7d avg −0.017%
Together, before fees−0.088%−$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ICP-USDT2.98100.0100pay 0.0100% / 8h5h 35m$6.0M
ShortBybit ICPUSDT2.98000.0100get 0.0100% / 8h5h 35m$17.4M$19.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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% → −0.017%
−$1.64
Slippage, 4 orders
−$23.06
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$45.7
Costs to cover
0.441%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Bybit: live order book, 3 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 BingX live order book, 14 min ago3.36 bp11.2 bp −$1118.4 bp −$18479.3 bp −$7,932511.6 bp −$255.8K
Sell Bybit live order book, 3 min ago1.68 bp11.5 bp −$1234.1 bp −$341544.2 bp −$54.4Kdoesn'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%1h2.9764−0.154%$69K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9813+0.010%$266$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9802−0.027%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.486%$202$200K12xas long as short
Variational Omni ICP+0.0060%8h2.9799−0.036%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9839+0.097%$162K$483K5xas long as short
Hyperliquid ICP+0.0100%1h2.9844+0.114%$4.6M$5.0M5xas long as short
Aster ICPUSDT+0.0100%8h2.9807−0.009%$274K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9774−0.122%$135K$11K5xas long as short
Binance ICPUSDT+0.0100%8h2.9814+0.014%$29.3M$53.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDTshort+0.0100%8h2.9800−0.034%$17.4M$19.0M75x
OKX ICP-USDT-SWAP+0.0100%8h2.98100.000%$5.8M$17.0M50xas long as short
Gate ICP_USDT+0.0100%8h2.9800−0.034%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9820+0.034%$19.5M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9800−0.034%$4.8M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.98100.000%$7.0M$4.9M50xas long as short
BingX ICP-USDTlong+0.0100%8h2.9810long leg$6.0M
edgeX ICPUSDC+0.0100%4h2.9769−0.139%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9717−0.313%$564K$492K10xas long as short
SunX ICP-USDT+0.0100%8h2.9760−0.168%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9770−0.134%$104K$182K20xas long as short
Phemex ICPUSDT+0.0100%8h2.98100.000%$1.8M$793K50xas long as short
Extended ICP-USD+0.0104%1h2.98100.000%$22K$123K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9740−0.235%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9851+0.137%$525K$640K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9880+0.235%$67K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9798−0.039%$37K100xas long as short