Funding you earn now, next payment 06:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.051%
Price spread now: Bitget against Kraken Futures+0.084%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$650.652% of the position
Funding, last 7 days+0.364%+$36 on $10k
+Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.084%, 7d avg −0.038%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.122% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9116 | −0.0069 | get 0.0009% / 1h | 37m 59s | $483K | $646K | 50x |
| Short | Bitget ICPUSDT | 2.9140 | 0.0100 | get 0.0100% / 8h | 2h 37m | $6.9M | $4.6M | 50x |
Kraken Futures PF_ICPUSD
Bitget ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $35.42
- Price spread: +0.084% → −0.038%
- $12.23
- Slippage, 4 orders
- −$43.25
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$17.6
- Costs to cover
- 0.652%
- Break-even
- 10.5 days
Slippage from Kraken Futures: live order book, 10 min ago; Bitget: live order book, 5 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, 10 min ago | 6.82 bp | 19.0 bp −$19 | 39.5 bp −$395 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 1.71 bp | 13.0 bp −$13 | 38.9 bp −$389 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0334% | 1h | 2.9108 | −0.026% | $189 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSDlong | −0.0069% | 1h | 2.9116 | long leg | $483K | $646K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9098 | −0.062% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9113 | −0.009% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.887% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0062% | 8h | 2.9110 | −0.017% | $1.0M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9125 | +0.033% | $140K | $493K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9152 | +0.125% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9151 | +0.123% | $261K | $1.3M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9107 | −0.030% | $132K | $10K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid 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 | 2.9140 | +0.084% | $28.5M | $48.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9130 | +0.050% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9140 | +0.084% | $5.6M | $14.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9120 | +0.015% | $1.8M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9140 | +0.084% | $17.9M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9130 | +0.050% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDTshort | +0.0100% | 8h | 2.9140 | +0.084% | $6.9M | $4.6M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9150 | +0.118% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9176 | +0.207% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9126 | +0.035% | $554K | $489K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9090 | −0.088% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9060 | −0.191% | $101K | $117K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9120 | +0.015% | $1.7M | $736K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9118 | +0.007% | $23K | $134K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9090 | −0.088% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9140 | +0.084% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9109 | −0.022% | $30K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]