Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.031%
Price spread now: OKX against BloFin−0.068%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$510.510% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.068%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.042% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 2.9510 | 0.0220 | pay 0.0220% / 8h | 6h 21m | $1.2M | $2.4M | 75x |
| Short | OKX ICP-USDT-SWAP | 2.9490 | 0.0100 | get 0.0100% / 8h | 6h 21m | $5.8M | $13.3M | 50x |
BloFin ICP-USDT
OKX ICP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.068% → −0.026%
- −$4.21
- Slippage, 4 orders
- −$29.01
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$80.42
- Costs to cover
- 0.510%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, just now.
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 | 5.09 bp | 16.8 bp −$17 | 23.4 bp −$234 | 97.1 bp −$9,710 | doesn't fit |
| Sell OKX live order book, just now | 1.70 bp | 11.0 bp −$11 | 31.3 bp −$313 | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | −0.0167% | 8h | 2.9430 | −0.271% | $1.7M | $697K | 50x | as long as short |
| Variational Omni ICP | −0.0156% | 8h | 2.9449 | −0.207% | $1.0M | $157K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9500 | −0.034% | $68K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9494 | −0.054% | $192 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9496 | −0.047% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.525% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9509 | −0.003% | $136K | $471K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9500 | −0.034% | $255K | $974K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9516 | +0.020% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9500 | −0.034% | $28.6M | $48.2M | 75x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | −0.102% | $17.1M | $17.5M | 75x | as long as short |
| OKX ICP-USDT-SWAPshort | +0.0100% | 8h | 2.9490 | −0.068% | $5.8M | $13.3M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 2.9490 | −0.068% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9490 | −0.068% | $18.5M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9500 | −0.034% | $4.9M | $11.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9510 | 0.000% | $7.0M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.068% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9482 | −0.093% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9479 | −0.106% | $571K | $593K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9480 | −0.102% | $2K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9460 | −0.169% | $103K | $124K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9491 | −0.064% | $22K | $242K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9510 | long leg | $1.2M | $2.4M | 75x | |
| Kraken Futures PF_ICPUSD | +0.0353% | 1h | 2.9514 | +0.014% | $512K | $596K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0448% | 1h | 2.9570 | +0.203% | $58K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0454% / S −0.0403% | 1h | 2.9489 | −0.070% | $33K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0554% | 1h | 2.9543 | +0.112% | $4.6M | $4.5M | 5x | as long as short |
Bybit ICPUSDT
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP