Funding you earn now, next payment 09:00 UTC−0.0437%/8h= −47.9% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against HTX+0.365%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1381.377% of the position
Funding, last 7 days−0.398%−$40 on $10k
+Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.365%, 7d avg +0.125%
=The price spread pays, funding is against you. Kraken Futures is 0.239% dearer against HTX than usual: you sell high and buy low (spread +0.365% now, against its 7-day average of +0.125%): +$24 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.398% in total) that is about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ICP-USDT | 2.9650 | 0.0100 | pay 0.0100% / 8h | 7h 14m | $104K | $114K | 20x |
| Short | Kraken Futures PF_ICPUSD | 2.9758 | −0.0337 | pay 0.0042% / 1h | 14m 35s | $527K | $621K | 50x |
HTX ICP-USDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$91.85
- Price spread: +0.365% → +0.125%
- $23.94
- Slippage, 4 orders
- −$115.66
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$205.57
- Costs to cover
- 1.377%
- Break-even
- never at this rate
Slippage from HTX: live order book, 17 min ago; Kraken Futures: live order book, 18 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 HTX live order book, 17 min ago | 23.82 bp | 30.2 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 18 min ago | 6.79 bp | 17.4 bp −$17 | 34.7 bp −$347 | 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 | −0.0372% | 8h | 2.9690 | +0.135% | $1.8M | $689K | 50x | as long as short |
| Kraken Futures PF_ICPUSDshort | −0.0337% | 1h | 2.9758 | +0.365% | $527K | $621K | 50x | |
| Variational Omni ICP | −0.0163% | 8h | 2.9701 | +0.171% | $1.1M | $134K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0154% | 1h | 2.9726 | +0.256% | $193 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9760 | +0.370% | $69K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9732 | +0.276% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.051% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0059% | 8h | 2.9720 | +0.236% | $17.2M | $17.7M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9761 | +0.374% | $136K | $491K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9768 | +0.398% | $281K | $968K | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 2.9765 | +0.387% | $134K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9745 | +0.322% | $29.0M | $47.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9740 | +0.304% | $5.8M | $13.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9750 | +0.337% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9740 | +0.304% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9750 | +0.337% | $4.9M | $11.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9760 | +0.371% | $7.1M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9750 | +0.337% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9690 | +0.133% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9690 | +0.136% | $571K | $586K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9720 | +0.236% | $1K | $1.4M | 20x | as long as short |
| HTX ICP-USDTlong | +0.0100% | 8h | 2.9650 | long leg | $104K | $114K | 20x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9741 | +0.308% | $23K | $231K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9740 | +0.304% | $1.2M | $2.4M | 75x | as long as short |
| Hyperliquid ICP | +0.0245% | 1h | 2.9789 | +0.469% | $4.6M | $4.5M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.337% | $58K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9745 | +0.321% | $33K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]