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

ICP

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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 0.000%
Price spread now: KuCoin against Bitget−0.034%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$890.891% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.051%−$5 on $10k
Price spread, last 7 days−0.018%−$2 · spread now −0.034%, 7d avg 0.000%
Together, before fees−0.069%−$7 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: KuCoin is 0.033% 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 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT2.97300.0100pay 0.0100% / 8h5h 07m$7.0M$4.9M50x
ShortKuCoin ICPUSDTM2.97200.0100get 0.0100% / 8h5h 07m$4.8M$13.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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% → 0.000%
−$3.35
Slippage, 4 orders
−$65.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$92.41
Costs to cover
0.891%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 11 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, 5 min ago1.68 bp14.7 bp −$1530.8 bp −$308doesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago1.67 bp32.3 bp −$3268.3 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
Deribit ICP_USDC-PERPETUAL−0.0053%1h2.9728−0.007%$265$46450xas long as short
dYdX ICP-USD0.0000%1h2.9717−0.043%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9732+0.007%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.219%$202$200K12xas long as short
Variational Omni ICP+0.0080%8h2.9809+0.266%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9757+0.091%$160K$486K5xas long as short
Aster ICPUSDT+0.0100%8h2.9742+0.042%$273K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9741+0.038%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9717−0.044%$29.3M$53.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9710−0.067%$17.2M$18.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9710−0.067%$5.8M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9720−0.034%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h2.97300.000%$19.8M$10.3M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h2.9720−0.034%$4.8M$13.1M50x
Bitget ICPUSDTlong+0.0100%8h2.9730long leg$7.0M$4.9M50x
BingX ICP-USDT+0.0100%8h2.97300.000%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9832+0.343%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9882+0.511%$567K$483K10xas long as short
SunX ICP-USDT+0.0100%8h2.9720−0.034%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9680−0.168%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9710−0.067%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9722−0.027%$23K$122K10xas long as short
Hyperliquid ICP+0.0125%1h2.9764+0.114%$4.6M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9760+0.101%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0295%1h2.9767+0.126%$525K$643K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9760+0.101%$67K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0505% / S −0.0480%1h2.9729−0.004%$37K100xas long as short