Funding you earn now, next payment 05:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h +0.061%
Price spread now: Binance against Kraken Futures−0.250%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.250%, 7d avg −0.064%
=Funding pays, the price is against you. Binance is 0.185% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.250% now, against its 7-day average of −0.064%). If the spread goes back, that is −$19 on $10k: about 3.9 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9641 | −0.0058 | get 0.0007% / 1h | 56m 41s | $532K | $611K | 50x |
| Short | Binance ICPUSDT | 2.9567 | 0.0100 | get 0.0100% / 8h | 3h 56m | $29.1M | $50.2M | 75x |
Kraken Futures PF_ICPUSD
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $33.11
- Price spread: −0.250% → −0.064%
- −$18.55
- Slippage, 4 orders
- −$43.72
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.16
- Costs to cover
- 0.637%
- Break-even
- 17.4 days
Slippage from Kraken Futures: live order book, 61 min ago; Binance: live order book, 15 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 Kraken Futures live order book, 61 min ago | 8.46 bp | 19.8 bp −$20 | 62.9 bp −$629 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.69 bp | 9.5 bp −$9 | 19.8 bp −$198 | 210.2 bp −$21.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0358% | 1h | 2.9601 | −0.135% | $264 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0080% | 8h | 2.9570 | −0.239% | $1.8M | $791K | 50x | as long as short |
| Kraken Futures PF_ICPUSDlong | −0.0058% | 1h | 2.9641 | long leg | $532K | $611K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9602 | −0.130% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9622 | −0.065% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.081% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0084% | 8h | 2.9700 | +0.198% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9609 | −0.108% | $157K | $473K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9630 | −0.037% | $4.6M | $4.9M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9644 | +0.009% | $264K | $1.6M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
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 | 2.9577 | −0.215% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDTshort | +0.0100% | 8h | 2.9567 | −0.250% | $29.1M | $50.2M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9560 | −0.273% | $17.1M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9570 | −0.239% | $5.7M | $15.7M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9560 | −0.273% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9570 | −0.239% | $19.6M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9600 | −0.138% | $4.9M | $12.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9580 | −0.206% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9570 | −0.239% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9632 | −0.029% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9625 | −0.054% | $567K | $470K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9590 | −0.172% | $1K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9600 | −0.138% | $104K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9553 | −0.298% | $23K | $126K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9620 | −0.071% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9750 | +0.368% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9621 | −0.066% | $31K | — | 100x | as long as short |
Pacifica ICP
Bybit 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
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]