Funding you earn now, next payment 23:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h +0.070%
Price spread now: Gate against Kraken Futures+0.017%51s7-day average −0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1051.054% of the position
Funding, last 7 days+0.273%+$27 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.017%, 7d avg −0.076%
=The price spread pays, funding is against you. Gate is 0.093% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.076%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 23 hours. Mind the row above: over the last 7 days funding on this pair paid +0.273%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9945 | 0.0223 | pay 0.0028% / 1h | 38m 22s | $490K | $519K | 50x |
| Short | Gate ICP_USDT | 2.9950 | −0.0099 | pay 0.0099% / 8h | 1h 38m | $1.9M | $2.8M | 50x |
Kraken Futures PF_ICPUSD
Gate ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$67.68
- Price spread: +0.017% → −0.076%
- $9.31
- Slippage, 4 orders
- −$80.36
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$163.73
- Costs to cover
- 1.054%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 45 min ago; Gate: 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, 45 min ago | 8.36 bp | 41.6 bp −$42 | 125.0 bp −$1,250 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.35 bp | 18.4 bp −$18 | 67.9 bp −$679 | 150.2 bp −$15.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1276% | 8h | 2.9750 | −0.651% | $1.7M | $776K | 50x | as long as short |
| Variational Omni ICP | −0.0193% | 8h | 2.9912 | −0.111% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.935% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTshort | −0.0099% | 8h | 2.9950 | +0.017% | $1.9M | $2.8M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9966 | +0.070% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9926 | −0.063% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9975 | +0.099% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0082% | 8h | 2.9960 | +0.050% | $17.4M | $17.9M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9988 | +0.144% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9993 | +0.160% | $186K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
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 | 2.9965 | +0.067% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9974 | +0.097% | $29.8M | $49.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9960 | +0.050% | $5.9M | $15.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9970 | +0.084% | $18.9M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9970 | +0.084% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9960 | +0.050% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9960 | +0.050% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9938 | −0.024% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9928 | −0.055% | $572K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9920 | −0.083% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9830 | −0.384% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9973 | +0.095% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9910 | −0.117% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0223% | 1h | 2.9945 | long leg | $490K | $519K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0000 | +0.184% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9968 | +0.078% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0675% | 1h | 3.0028 | +0.278% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
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