ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.028%

Price spread now: Binance against BloFin+0.137%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.137%, 7d avg +0.004%

Together, before fees−0.294%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.133% dearer against BloFin than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.004%): +$13 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ICP-USDT	2.9160	0.0220	pay 0.0220% / 8h	2h 22m	$1.2M	$2.4M	75x
Short	Binance ICPUSDT	2.9200	0.0100	get 0.0100% / 8h	2h 22m	$28.6M	$48.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BinancebpOrdersPrice spread, now +0.137%Rate

Funding earned: −$25.2
Price spread: +0.137% → +0.004%: $13.33
Slippage, 4 orders: −$26.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.32
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Binance: live order book, 4 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 BloFin live order book, 5 min ago	3.44 bp	19.8 bp −$20	23.0 bp −$230	79.4 bp −$7,938	doesn't fit
Sell Binance live order book, 4 min ago	1.72 bp	10.0 bp −$10	24.8 bp −$248	182.5 bp −$18.3K	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
Deribit ICP_USDC-PERPETUAL	−0.0264%	1h	2.9150	−0.034%	$190	$439	50x	as long as short
Kraken Futures PF_ICPUSD	−0.0069%	1h	2.9159	−0.003%	$481K	$643K	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9186	+0.088%	$68K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9162	+0.008%	$10K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+1.732%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0050%	8h	2.9050	−0.377%	$1.0M	$133K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9202	+0.144%	$140K	$494K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9223	+0.216%	$4.5M	$4.8M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9202	+0.146%	$261K	$1.3M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9169	+0.032%	$132K	$9K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDTshort	+0.0100%	8h	2.9200	+0.137%	$28.6M	$48.8M	75x
Bybit ICPUSDT	+0.0100%	8h	2.9180	+0.069%	$17.0M	$17.9M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9200	+0.137%	$5.6M	$14.8M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9190	+0.103%	$1.8M	$2.9M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9190	+0.103%	$17.9M	$10.0M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9180	+0.069%	$4.8M	$12.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9200	+0.137%	$6.9M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9180	+0.069%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9072	−0.302%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9166	+0.022%	$553K	$495K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9140	−0.069%	$2K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9130	−0.103%	$102K	$117K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	2.9160	0.000%	$1.7M	$668K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9172	+0.042%	$23K	$134K	10x	as long as short
BloFin ICP-USDTlong	+0.0220%	8h	2.9160	long leg	$1.2M	$2.4M	75x
Coinbase International ICP-PERP-INTX	+0.0336%	1h	2.9260	+0.343%	$57K	$69K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0431% / S −0.0367%	1h	2.9155	−0.017%	$30K	—	100x	as long as short