ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0631%/8h= +69.1% APRnext payment +$0.79 per $10,000 · paid last 24h +0.079%

Price spread now: Coinbase International against Kraken Futures−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.725%+$72 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.047% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ICPUSD	2.9744	−0.0311	get 0.0039% / 1h	6m 43s	$526K	$651K	50x
Short	Coinbase International ICP-PERP-INTX	2.9730	0.0320	get 0.0040% / 1h	6m 43s	$58K	$69K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersPrice spread, now −0.047%Rate

Funding earned: $132.59
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $107.89
Costs to cover: 0.200%
Break-even: 1.3 days

Slippage unknown: Kraken Futures: live order book, 36 min ago; Coinbase International: no order-book sample. Net counts fees only.

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, 36 min ago	5.10 bp	22.0 bp −$22	57.3 bp −$573	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_ICPUSDlong	−0.0311%	1h	2.9744	long leg	$526K	$651K	50x
Phemex ICPUSDT	−0.0184%	8h	2.9580	−0.551%	$1.8M	$680K	50x	as long as short
Variational Omni ICP	−0.0026%	8h	2.9630	−0.385%	$1.1M	$133K	—	as long as short
dYdX ICP-USD	0.0000%	1h	2.9714	−0.100%	$69K	$3K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9713	−0.104%	$193	$439	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9712	−0.108%	$10K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.266%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9717	−0.091%	$139K	$496K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9718	−0.087%	$281K	$1.0M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9699	−0.152%	$134K	$9K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	2.9700	−0.147%	$29.1M	$48.4M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9660	−0.282%	$17.3M	$17.8M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9680	−0.215%	$5.8M	$15.1M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9700	−0.148%	$1.9M	$2.9M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9690	−0.182%	$19.1M	$10.0M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9700	−0.148%	$4.9M	$11.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9710	−0.114%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9690	−0.182%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9683	−0.206%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9677	−0.224%	$564K	$558K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9680	−0.215%	$2K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9680	−0.215%	$104K	$112K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9717	−0.092%	$22K	$117K	10x	as long as short
Hyperliquid ICP	+0.0120%	1h	2.9743	−0.003%	$4.6M	$4.6M	5x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9720	−0.081%	$1.3M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTXshort	+0.0320%	1h	2.9730	−0.047%	$58K	$69K	50x
GMX ICP/USD [WBTC.b-USDC]	L +0.0457% / S −0.0403%	1h	2.9718	−0.088%	$33K	—	100x	as long as short