Funding you earn now, next payment 00:00 UTC+0.0211%/8h= +23.1% APRnext payment +$2.11 per $10,000 · paid last 24h +0.021%
Price spread now: KuCoin against Gate+0.034%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$97as in the Price arb table
costs, in and out, $10k−$990.992% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.034%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.021% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.013%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.069% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 2.9830 | −0.0111 | get 0.0111% / 8h | 2h 29m | $1.9M | $2.7M | 50x |
| Short | KuCoin ICPUSDTM | 2.9840 | 0.0100 | get 0.0100% / 8h | 2h 29m | $5.3M | $12.8M | 50x |
Gate ICP_USDT
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $44.31
- Price spread: +0.034% → +0.013%
- $2.07
- Slippage, 4 orders
- −$72.18
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$52.8
- Costs to cover
- 0.992%
- Break-even
- 15.3 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago | 1.68 bp | 23.1 bp −$23 | 42.0 bp −$420 | 65.0 bp −$6,499 | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 5.05 bp | 27.6 bp −$28 | 89.3 bp −$893 | 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 | −0.1336% | 8h | 2.9700 | −0.436% | $1.7M | $781K | 50x | as long as short |
| Variational Omni ICP | −0.0254% | 8h | 2.9784 | −0.155% | $1.1M | $119K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0252% | 1h | 2.9838 | +0.027% | $266 | $464 | 50x | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.553% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTlong | −0.0111% | 8h | 2.9830 | long leg | $1.9M | $2.7M | 50x | |
| Bybit ICPUSDT | −0.0010% | 8h | 2.9830 | 0.000% | $17.1M | $17.6M | 75x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9864 | +0.112% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9847 | +0.057% | $27K | — | 150x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9848 | +0.061% | $187K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9845 | +0.050% | $135K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
Injective ICP/USDC PERP
Bybit ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9830 | 0.000% | $29.0M | $48.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9830 | 0.000% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9850 | +0.067% | $19.3M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9840 | +0.034% | $5.3M | $12.8M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9850 | +0.067% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9820 | −0.034% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9736 | −0.315% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9778 | −0.174% | $571K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9820 | −0.034% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9790 | −0.134% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9816 | −0.047% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0128% | 1h | 2.9856 | +0.087% | $167K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9849 | +0.064% | $496K | $510K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9770 | −0.201% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9860 | +0.101% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9836 | +0.021% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0905% | 1h | 2.9890 | +0.201% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Lighter ICP
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP