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: SunX against BloFin−0.068%55s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1781.776% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.068%, 7d avg −0.025%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.044% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 55 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 | 2.9310 | 0.0220 | pay 0.0220% / 8h | 1h 33m | $1.2M | $2.4M | 75x |
| Short | SunX ICP-USDT | 2.9290 | 0.0100 | get 0.0100% / 8h | 1h 33m | $1K | $1.5M | 20x |
BloFin ICP-USDT
SunX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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% → −0.025%
- −$4.35
- Slippage, 4 orders
- −$157.65
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$207.2
- Costs to cover
- 1.776%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; SunX: live order book, 11 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, 4 min ago | 3.41 bp | 9.4 bp −$9 | 13.6 bp −$136 | 73.6 bp −$7,364 | doesn't fit |
| Sell SunX live order book, 11 min ago | 49.23 bp | 74.8 bp −$75 | doesn't fit | 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 | −0.0316% | 1h | 2.9330 | +0.067% | $520K | $663K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0159% | 1h | 2.9297 | −0.044% | $191 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0072% | 8h | 2.9320 | +0.034% | $1.7M | $677K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9329 | +0.065% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9308 | −0.005% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0010% | 8h | 2.9280 | −0.103% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.211% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9370 | +0.205% | $138K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9369 | +0.201% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9356 | +0.157% | $261K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
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 | 2.9350 | +0.136% | $132K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9359 | +0.166% | $28.7M | $48.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9340 | +0.102% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9380 | +0.239% | $5.6M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9320 | +0.034% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9360 | +0.171% | $18.7M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9320 | +0.034% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9380 | +0.239% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9350 | +0.136% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9363 | +0.181% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9368 | +0.196% | $561K | $537K | 10x | as long as short |
| SunX ICP-USDTshort | +0.0100% | 8h | 2.9290 | −0.068% | $1K | $1.5M | 20x | |
| HTX ICP-USDT | +0.0100% | 8h | 2.9290 | −0.068% | $102K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9353 | +0.145% | $22K | $121K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9310 | long leg | $1.2M | $2.4M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9490 | +0.614% | $57K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0409% / S −0.0331% | 1h | 2.9300 | −0.035% | $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
HTX ICP-USDT
Extended ICP-USD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]