Funding you earn now, next payment 04:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.026%
Price spread now: KuCoin against Coinbase International−1.084%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.402%−$40 on $10k
+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 −$8 a day on $10k at the current rate, and KuCoin is 1.084% cheaper against Coinbase International than usual: you would sell low and buy high (−$108 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 2.9530 | 0.0352 | pay 0.0044% / 1h | 2m 13s | $57K | $69K | 50x |
| Short | KuCoin ICPUSDTM | 2.9210 | 0.0100 | get 0.0100% / 8h | 3h 02m | $4.8M | $12.2M | 50x |
Coinbase International ICP-PERP-INTX
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Coinbase International. 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
- −$52.92
- Price spread: −1.084% → 0.000%
- −$108.36
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$183.28
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 1 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 1 min ago | 1.71 bp | 29.3 bp −$29 | 71.6 bp −$716 | doesn't fit | doesn't fit |
Coinbase International: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0332% | 1h | 2.9205 | −1.101% | $190 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0059% | 1h | 2.9220 | −1.050% | $487K | $633K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9245 | −0.965% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9223 | −1.038% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.457% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0072% | 8h | 2.9310 | −0.745% | $1.0M | $134K | — | as long as short |
| Phemex ICPUSDT | +0.0092% | 8h | 2.9300 | −0.779% | $1.7M | $783K | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9215 | −1.067% | $141K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9246 | −0.962% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9231 | −1.014% | $262K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Phemex ICPUSDT
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 | 2.9234 | −1.004% | $132K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9210 | −1.084% | $28.6M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9190 | −1.151% | $16.9M | $17.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9210 | −1.084% | $5.6M | $14.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9200 | −1.118% | $1.8M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9210 | −1.084% | $18.0M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9210 | −1.084% | $4.8M | $12.2M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9230 | −1.016% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9220 | −1.050% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9283 | −0.836% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9263 | −0.905% | $562K | $492K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9200 | −1.118% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9190 | −1.151% | $102K | $116K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9202 | −1.111% | $22K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9260 | −0.914% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0352% | 1h | 2.9530 | long leg | $57K | $69K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9216 | −1.063% | $30K | — | 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
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]