Funding you earn now, next payment 23:00 UTC+0.0319%/8h= +34.9% APRpaid last 24h −0.070%
Price spread now: Kraken Futures against Gate+0.101%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1051.054% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.101%, 7d avg +0.076%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.025% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.273%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 2.9960 | −0.0096 | get 0.0096% / 8h | 1h 37m | $1.9M | $2.8M | 50x |
| Short | Kraken Futures PF_ICPUSD | 2.9990 | 0.0223 | get 0.0028% / 1h | 37m 45s | $491K | $522K | 50x |
Gate ICP_USDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. 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
- $66.98
- Price spread: +0.101% → +0.076%
- $2.47
- Slippage, 4 orders
- −$80.36
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$35.92
- Costs to cover
- 1.054%
- Break-even
- 10.8 days
Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 45 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 Gate live order book, 5 min ago | 3.35 bp | 21.3 bp −$21 | 40.1 bp −$401 | 64.6 bp −$6,458 | doesn't fit |
| Sell Kraken Futures live order book, 45 min ago | 8.36 bp | 24.1 bp −$24 | 229.3 bp −$2,293 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1286% | 8h | 2.9790 | −0.567% | $1.7M | $776K | 50x | as long as short |
| Variational Omni ICP | −0.0193% | 8h | 2.9912 | −0.162% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.985% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTlong | −0.0096% | 8h | 2.9960 | long leg | $1.9M | $2.8M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9966 | +0.019% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9975 | +0.050% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9975 | +0.049% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0082% | 8h | 2.9960 | 0.000% | $17.4M | $17.8M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0007 | +0.157% | $167K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0006 | +0.155% | $186K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Lighter 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 | 2.9983 | +0.077% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9980 | +0.067% | $29.8M | $49.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9960 | 0.000% | $5.9M | $15.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9980 | +0.067% | $18.9M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9980 | +0.067% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9980 | +0.067% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.033% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9938 | −0.075% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9928 | −0.106% | $572K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.033% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | −0.100% | $107K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9974 | +0.047% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9910 | −0.167% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0223% | 1h | 2.9990 | +0.101% | $491K | $522K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9970 | +0.033% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9968 | +0.028% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0677% | 1h | 3.0035 | +0.250% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP