Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.63 per $10,000 · paid last 24h −0.008%
Price spread now: Bybit against OKX−0.034%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$530.531% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now −0.034%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.024% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ICP-USDT-SWAP | 2.9730 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $5.8M | $15.7M | 50x |
| Short | Bybit ICPUSDT | 2.9720 | 0.0037 | get 0.0037% / 8h | 2h 07m | $17.1M | $17.7M | 75x |
OKX ICP-USDT-SWAP
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- −$13.21
- Price spread: −0.034% → −0.010%
- −$2.38
- Slippage, 4 orders
- −$32.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$68.65
- Costs to cover
- 0.531%
- Break-even
- never at this rate
Slippage from OKX: live order book, just now; Bybit: live order book, 1 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 OKX live order book, just now | 1.68 bp | 12.8 bp −$13 | 36.3 bp −$363 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.68 bp | 15.0 bp −$15 | 37.4 bp −$374 | 570.7 bp −$57.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1325% | 8h | 2.9620 | −0.370% | $1.7M | $779K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0489% | 1h | 2.9741 | +0.037% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0229% | 8h | 2.9694 | −0.120% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.219% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0091% | 8h | 2.9730 | 0.000% | $1.9M | $2.7M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9786 | +0.189% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9767 | +0.123% | $27K | — | 150x | as long as short |
| Bybit ICPUSDTshort | +0.0037% | 8h | 2.9720 | −0.034% | $17.1M | $17.7M | 75x | |
| Lighter ICP | +0.0096% | 1h | 2.9770 | +0.135% | $166K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9762 | +0.109% | $187K | $1.5M | 20x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9747 | +0.059% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9735 | +0.015% | $28.9M | $49.0M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 2.9730 | long leg | $5.8M | $15.7M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9730 | 0.000% | $19.5M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9750 | +0.067% | $5.2M | $12.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9740 | +0.034% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9750 | +0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9737 | +0.024% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9745 | +0.051% | $569K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9730 | 0.000% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9710 | −0.067% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9730 | −0.001% | $25K | $124K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9757 | +0.090% | $487K | $518K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9730 | 0.000% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9890 | +0.538% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9756 | +0.089% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0838% | 1h | 2.9794 | +0.215% | $4.7M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP