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 +0.009%
Price spread now: Bitget against MEXC0.000%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$370.371% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 7 days+0.032%+$3 · spread now 0.000%, 7d avg +0.009%
Together, before fees+0.050%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICP_USDT2.98400.0100pay 0.0100% / 8h5h 11m$19.9M$10.3M50x
ShortBitget ICPUSDT2.98400.0100get 0.0100% / 8h5h 11m$7.0M$4.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: 0.000% → +0.009%
−$0.87
Slippage, 4 orders
−$25.11
Fee MEXC: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$37.97
Costs to cover
0.371%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 2 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 MEXC live order book, 2 min ago1.67 bp4.3 bp −$49.7 bp −$9769.5 bp −$6,948150.3 bp −$75.2K
Sell Bitget live order book, 2 min ago1.68 bp13.5 bp −$1426.5 bp −$265doesn'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−0.0119%1h2.9805−0.117%$266$46450xas long as short
dYdX ICP-USD0.0000%1h2.9809−0.104%$69K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9853+0.042%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.586%$202$200K12xas long as short
Variational Omni ICP+0.0079%8h2.9894+0.182%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9848+0.027%$160K$486K5xas long as short
Aster ICPUSDT+0.0100%8h2.9849+0.031%$274K$1.7M20xas long as short
Pacifica ICP+0.0100%1h2.9826−0.046%$135K$10K5xas long as short
Binance ICPUSDT+0.0100%8h2.9849+0.031%$29.4M$53.2M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9850+0.034%$17.3M$18.9M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9870+0.101%$5.8M$16.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.98400.000%$1.9M$3.1M50xas long as short
MEXC ICP_USDTlong+0.0100%8h2.9840long leg$19.9M$10.3M50x
KuCoin ICPUSDTM+0.0100%8h2.98400.000%$4.9M$13.1M50xas long as short
Bitget ICPUSDTshort+0.0100%8h2.98400.000%$7.0M$4.9M50x
BingX ICP-USDT+0.0100%8h2.9850+0.034%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9866+0.088%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9842+0.008%$567K$483K10xas long as short
SunX ICP-USDT+0.0100%8h2.9810−0.101%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9820−0.067%$104K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9770−0.235%$1.8M$794K50xas long as short
Extended ICP-USD+0.0104%1h2.9823−0.058%$23K$122K10xas long as short
Hyperliquid ICP+0.0112%1h2.9888+0.161%$4.6M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h2.9880+0.134%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9847+0.024%$525K$641K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h3.0030+0.637%$68K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9847+0.024%$37K100xas long as short