Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%
Price spread now: Binance against Bybit−0.023%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.415% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.023%, 7d avg +0.035%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.058% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.035%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9130 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $17.1M | $17.9M | 75x |
| Short | Binance ICPUSDT | 2.9123 | 0.0100 | get 0.0100% / 8h | 2h 34m | $28.5M | $48.7M | 75x |
Bybit ICPUSDT
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.023% → +0.035%
- −$5.81
- Slippage, 4 orders
- −$20.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$47.33
- Costs to cover
- 0.415%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; Binance: live order book, 8 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 Bybit live order book, 9 min ago | 1.72 bp | 10.7 bp −$11 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 1.72 bp | 10.4 bp −$10 | 27.5 bp −$275 | 198.0 bp −$19.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0068% | 1h | 2.9260 | +0.447% | $485K | $646K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0058% | 1h | 2.9254 | +0.426% | $190 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9171 | +0.139% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9243 | +0.389% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.837% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0062% | 8h | 2.9140 | +0.036% | $1.0M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9159 | +0.100% | $141K | $493K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9189 | +0.203% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9170 | +0.137% | $261K | $1.3M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9168 | +0.131% | $132K | $10K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDTshort | +0.0100% | 8h | 2.9123 | −0.023% | $28.5M | $48.7M | 75x | |
| Bybit ICPUSDTlong | +0.0100% | 8h | 2.9130 | long leg | $17.1M | $17.9M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9120 | −0.034% | $5.6M | $14.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9140 | +0.034% | $1.8M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9150 | +0.069% | $17.9M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9150 | +0.069% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9160 | +0.103% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9160 | +0.103% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9138 | +0.028% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9162 | +0.110% | $561K | $499K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9250 | +0.412% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9200 | +0.240% | $102K | $117K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9250 | +0.412% | $1.7M | $730K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9132 | +0.008% | $23K | $134K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9180 | +0.172% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9260 | +0.446% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9246 | +0.399% | $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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]