Funding you earn now, next payment 23:00 UTC−0.0123%/8h= −13.5% APRpaid last 24h +0.065%
Price spread now: Bybit against Kraken Futures−0.069%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$630.635% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.069%, 7d avg −0.088%
=The price spread sits at its 7-day average of −0.088%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.328%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9971 | 0.0223 | pay 0.0028% / 1h | 10m 40s | $486K | $528K | 50x |
| Short | Bybit ICPUSDT | 2.9950 | 0.0100 | get 0.0100% / 8h | 1h 10m | $17.4M | $17.9M | 75x |
Kraken Futures PF_ICPUSD
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$25.85
- Price spread: −0.069% → −0.088%
- $1.89
- Slippage, 4 orders
- −$42.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.46
- Costs to cover
- 0.635%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago | 3.33 bp | 20.0 bp −$20 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.67 bp | 13.1 bp −$13 | 29.7 bp −$297 | 227.1 bp −$22.7K | 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 | −0.1474% | 8h | 2.9800 | −0.569% | $1.7M | $771K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0184% | 1h | 2.9961 | −0.032% | $267 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0159% | 8h | 2.9981 | +0.036% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.020% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0047% | 8h | 2.9960 | −0.035% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9958 | −0.042% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9974 | +0.012% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9994 | +0.078% | $165K | $446K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9970 | −0.002% | $209K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9978 | +0.024% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
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 | 2.9961 | −0.032% | $29.6M | $50.4M | 75x | as long as short |
| Bybit ICPUSDTshort | +0.0100% | 8h | 2.9950 | −0.069% | $17.4M | $17.9M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9950 | −0.069% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9960 | −0.035% | $19.6M | $8.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | −0.035% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9970 | −0.002% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9960 | −0.035% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9940 | −0.101% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9941 | −0.100% | $573K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.069% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | −0.135% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9964 | −0.023% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9960 | −0.035% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0223% | 1h | 2.9971 | long leg | $486K | $528K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.198% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9967 | −0.012% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0674% | 1h | 3.0026 | +0.185% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
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]
Hyperliquid ICP