Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.050%
Price spread now: Bybit against BloFin−0.102%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.102%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.072% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 2.9480 | 0.0220 | pay 0.0220% / 8h | 5h 57m | $1.2M | $2.4M | 75x |
| Short | Bybit ICPUSDT | 2.9450 | 0.0100 | get 0.0100% / 8h | 5h 57m | $17.1M | $17.2M | 75x |
BloFin ICP-USDT
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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: −0.102% → −0.030%
- −$7.18
- Slippage, 4 orders
- −$26.91
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.29
- Costs to cover
- 0.499%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Bybit: live order book, 4 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 BloFin live order book, 4 min ago | 5.09 bp | 11.1 bp −$11 | 16.2 bp −$162 | 76.1 bp −$7,611 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.70 bp | 11.0 bp −$11 | 26.7 bp −$267 | 581.9 bp −$58.2K | doesn't fit |
ICP on 27 exchanges
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 | −0.0381% | 8h | 2.9420 | −0.204% | $1.7M | $703K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0157% | 1h | 2.9466 | −0.047% | $192 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0156% | 8h | 2.9448 | −0.108% | $1.1M | $164K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9478 | −0.007% | $68K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9470 | −0.034% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.628% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9480 | 0.000% | $135K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9487 | +0.025% | $248K | $909K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9462 | −0.062% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9461 | −0.066% | $28.5M | $47.3M | 75x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDTshort | +0.0100% | 8h | 2.9450 | −0.102% | $17.1M | $17.2M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9460 | −0.068% | $5.8M | $12.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | −0.068% | $1.9M | $2.6M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9470 | −0.034% | $18.3M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9460 | −0.068% | $4.9M | $10.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9480 | 0.000% | $7.0M | $4.3M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9450 | −0.102% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9453 | −0.092% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9494 | +0.049% | $561K | $598K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | −0.068% | $1K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.034% | $103K | $124K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9461 | −0.065% | $23K | $243K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0187% | 1h | 2.9498 | +0.060% | $512K | $589K | 50x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9480 | long leg | $1.2M | $2.4M | 75x | |
| Hyperliquid ICP | +0.0244% | 1h | 2.9513 | +0.112% | $4.6M | $4.3M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0424% | 1h | 2.9570 | +0.305% | $58K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0425% / S −0.0357% | 1h | 2.9475 | −0.017% | $30K | — | 100x | as long as short |
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
Extended ICP-USD
Kraken Futures PF_ICPUSD
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]