Funding you earn now, next payment 00:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h −0.084%
Price spread now: Kraken Futures against Bitget+0.062%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$650.648% of the position
Funding, last 7 days−0.394%−$39 on $10k
+Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.062%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.027% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.394%, 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 | Bitget ICPUSDT | 3.0160 | 0.0100 | pay 0.0100% / 8h | 6m 02s | $7.1M | $4.7M | 50x |
| Short | Kraken Futures PF_ICPUSD | 3.0179 | 0.0172 | get 0.0021% / 1h | 6m 02s | $536K | $579K | 50x |
Bitget ICPUSDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $15.11
- Price spread: +0.062% → +0.035%
- $2.74
- Slippage, 4 orders
- −$42.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$46.92
- Costs to cover
- 0.648%
- Break-even
- 28.7 days
Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 7 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 Bitget live order book, 2 min ago | 3.31 bp | 9.3 bp −$9 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 7 min ago | 8.28 bp | 21.0 bp −$21 | 40.5 bp −$405 | 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 | −0.1279% | 8h | 3.0260 | +0.332% | $1.8M | $761K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0413% | 1h | 3.0125 | −0.116% | $268 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0108% | 8h | 3.0111 | −0.163% | $1.1M | $108K | — | as long as short |
| Gate ICP_USDT | −0.0008% | 8h | 3.0140 | −0.066% | $1.9M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0171 | +0.037% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0145 | −0.051% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.641% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0172 | +0.040% | $157K | $455K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0140 | −0.066% | $187K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0147 | −0.042% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0130 | −0.099% | $29.8M | $51.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0130 | −0.099% | $17.9M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0130 | −0.099% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0130 | −0.099% | $19.0M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0110 | −0.166% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 3.0160 | long leg | $7.1M | $4.7M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 3.0150 | −0.033% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0155 | −0.016% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0159 | −0.005% | $581K | $450K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0110 | −0.166% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0190 | +0.099% | $108K | $224K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0144 | −0.054% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0172% | 1h | 3.0179 | +0.062% | $536K | $579K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0110 | −0.166% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +1.260% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0280% | 1h | 3.0202 | +0.139% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 3.0138 | −0.073% | $37K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]