Funding you earn now, next payment 00:00 UTC+0.0147%/8h= +16.1% APRnext payment +$1.47 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against Gate+0.033%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 7 days−0.002%$0 · spread now +0.033%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 2.9940 | −0.0047 | get 0.0047% / 8h | 1h 11m | $1.9M | $2.8M | 50x |
| Short | OKX ICP-USDT-SWAP | 2.9950 | 0.0100 | get 0.0100% / 8h | 1h 11m | $5.9M | $16.1M | 50x |
Gate ICP_USDT
OKX ICP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $30.87
- Price spread: +0.033% → −0.016%
- $4.98
- Slippage, 4 orders
- −$33.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$23.04
- Costs to cover
- 0.589%
- Break-even
- 12.2 days
Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago | 3.34 bp | 18.6 bp −$19 | 44.7 bp −$447 | 70.0 bp −$6,997 | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.67 bp | 10.4 bp −$10 | 33.2 bp −$332 | 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 | −0.1479% | 8h | 2.9800 | −0.468% | $1.7M | $771K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0184% | 1h | 2.9961 | +0.070% | $267 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0159% | 8h | 2.9981 | +0.138% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.919% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTlong | −0.0047% | 8h | 2.9940 | long leg | $1.9M | $2.8M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9958 | +0.060% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9974 | +0.115% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9986 | +0.154% | $165K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9970 | +0.099% | $209K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9971 | +0.102% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
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 | 2.9952 | +0.040% | $29.6M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9940 | 0.000% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAPshort | +0.0100% | 8h | 2.9950 | +0.033% | $5.9M | $16.1M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9960 | +0.067% | $19.6M | $8.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9950 | +0.033% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9960 | +0.067% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9950 | +0.033% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9940 | +0.001% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9941 | +0.002% | $573K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9950 | +0.033% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9900 | −0.134% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9946 | +0.019% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9910 | −0.100% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9971 | +0.102% | $486K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.301% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9967 | +0.091% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0672% | 1h | 3.0014 | +0.247% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP