Funding you earn now, next payment 23:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h −0.091%
Price spread now: Kraken Futures against BingX+0.135%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days−0.431%−$43 on $10k
+Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.135%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.070% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.066%. Mind the row above: over the last 7 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ICP-USDT | 2.9940 | 0.0100 | pay 0.0100% / 8h | 1h 34m | — | $4.9M | — |
| Short | Kraken Futures PF_ICPUSD | 2.9980 | 0.0223 | get 0.0028% / 1h | 34m 43s | $488K | $525K | 50x |
BingX ICP-USDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $25.83
- Price spread: +0.135% → +0.066%
- $6.96
- Slippage, 4 orders
- −$63.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$50.3
- Costs to cover
- 0.831%
- Break-even
- 20.6 days
Slippage from BingX: live order book, 15 min ago; Kraken Futures: live order book, 48 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 BingX live order book, 15 min ago | 1.68 bp | 8.5 bp −$9 | 13.7 bp −$137 | 60.8 bp −$6,084 | 478.0 bp −$239.0K |
| Sell Kraken Futures live order book, 48 min ago | 8.36 bp | 24.1 bp −$24 | 229.3 bp −$2,293 | doesn't fit | 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 | −0.1324% | 8h | 2.9790 | −0.501% | $1.7M | $775K | 50x | as long as short |
| Variational Omni ICP | −0.0182% | 8h | 2.9972 | +0.105% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.919% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0096% | 8h | 2.9930 | −0.033% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9968 | +0.093% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9969 | +0.097% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9975 | +0.118% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0087% | 8h | 2.9930 | −0.033% | $17.4M | $17.9M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9985 | +0.150% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9982 | +0.141% | $186K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
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 | 2.9957 | +0.055% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9960 | +0.067% | $29.8M | $49.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9940 | 0.000% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9950 | +0.033% | $18.9M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | +0.067% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9950 | +0.033% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDTlong | +0.0100% | 8h | 2.9940 | long leg | — | $4.9M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9975 | +0.116% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9979 | +0.129% | $573K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.100% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9950 | +0.033% | $107K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9954 | +0.048% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9970 | +0.100% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0223% | 1h | 2.9980 | +0.135% | $488K | $525K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0010 | +0.234% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9968 | +0.093% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0672% | 1h | 3.0003 | +0.210% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP