Funding you earn now, next payment 07:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.138%
Price spread now: Deribit against BloFin−0.293%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Deribit is 0.293% cheaper against BloFin than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 2.9380 | 0.0220 | pay 0.0220% / 8h | 1h 35m | $1.2M | $2.4M | 75x |
| Short | Deribit ICP_USDC-PERPETUAL | 2.9294 | −0.0296 | pay 0.0037% / 1h | 35m 45s | $191 | $439 | 50x |
BloFin ICP-USDT
Deribit ICP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BloFin. 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
- −$108.36
- Price spread: −0.293% → 0.000%
- −$29.27
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$156.63
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
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, 2 min ago | 3.41 bp | 9.4 bp −$9 | 13.6 bp −$136 | 73.6 bp −$7,364 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0316% | 1h | 2.9326 | −0.183% | $520K | $663K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUALshort | −0.0296% | 1h | 2.9294 | −0.293% | $191 | $439 | 50x | |
| Phemex ICPUSDT | −0.0078% | 8h | 2.9330 | −0.170% | $1.7M | $677K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9329 | −0.173% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9313 | −0.228% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0010% | 8h | 2.9280 | −0.341% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.970% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9317 | −0.214% | $138K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9361 | −0.064% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9328 | −0.178% | $260K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid 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 | 2.9322 | −0.196% | $132K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9306 | −0.251% | $28.7M | $48.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9280 | −0.340% | $17.1M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9300 | −0.272% | $5.6M | $14.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9300 | −0.272% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9310 | −0.238% | $18.7M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9320 | −0.204% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9320 | −0.204% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9300 | −0.272% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9364 | −0.056% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9426 | +0.158% | $562K | $537K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9290 | −0.306% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9320 | −0.204% | $102K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9294 | −0.292% | $23K | $127K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9380 | long leg | $1.2M | $2.4M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9490 | +0.374% | $57K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0410% / S −0.0331% | 1h | 2.9306 | −0.252% | $28K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
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
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]