Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.019%
Price spread now: KuCoin against BloFin−0.237%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.237%, 7d avg +0.041%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.278% cheaper against BloFin than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 2.9590 | 0.0220 | pay 0.0220% / 8h | 1h 57m | $1.2M | $2.4M | 75x |
| Short | KuCoin ICPUSDTM | 2.9520 | 0.0100 | get 0.0100% / 8h | 1h 57m | $4.9M | $12.2M | 50x |
BloFin ICP-USDT
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$25.2
- Price spread: −0.237% → +0.041%
- −$27.77
- Slippage, 4 orders
- −$67.83
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$144.79
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; KuCoin: 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 BloFin live order book, 6 min ago | 5.08 bp | 16.6 bp −$17 | 19.9 bp −$199 | 58.4 bp −$5,842 | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 3.38 bp | 35.1 bp −$35 | 72.1 bp −$721 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0314% | 1h | 2.9531 | −0.200% | $523K | $664K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0258% | 1h | 2.9513 | −0.260% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0123% | 8h | 2.9470 | −0.406% | $1.8M | $676K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9579 | −0.036% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9541 | −0.165% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.253% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0058% | 8h | 2.9540 | −0.171% | $1.1M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9522 | −0.230% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9582 | −0.027% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9541 | −0.165% | $264K | $1.2M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
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 | 2.9610 | +0.069% | $134K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9510 | −0.270% | $28.9M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9490 | −0.338% | $17.2M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9500 | −0.304% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9540 | −0.169% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9510 | −0.270% | $18.6M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9520 | −0.237% | $4.9M | $12.2M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9530 | −0.203% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.304% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9529 | −0.205% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9557 | −0.112% | $563K | $513K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9510 | −0.270% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9520 | −0.237% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9510 | −0.271% | $23K | $131K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9590 | long leg | $1.2M | $2.4M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9650 | +0.203% | $58K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9542 | −0.162% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
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]