Funding you earn now, next payment 02:00 UTC−0.0794%/8h= −86.9% APRpaid last 24h +0.079%
Price spread now: HTX against Kraken Futures−0.127%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1421.420% of the position
Funding, last 7 days+0.422%+$42 on $10k
+Price spread, last 3 days (all we have)+0.017%+$2 · spread now −0.127%, 7d avg −0.116%
=The price spread sits at its 7-day average of −0.116%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.422%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.422% in total (about 22.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 3.0038 | 0.0894 | pay 0.0112% / 1h | 45m 04s | $544K | $617K | 50x |
| Short | HTX ICP-USDT | 3.0000 | 0.0100 | get 0.0100% / 8h | 6h 45m | $105K | $240K | 20x |
Kraken Futures PF_ICPUSD
HTX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$166.74
- Price spread: −0.127% → −0.116%
- −$1.04
- Slippage, 4 orders
- −$119.96
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$309.73
- Costs to cover
- 1.420%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 23 min ago; HTX: live order book, 21 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, 23 min ago | 6.53 bp | 22.3 bp −$22 | 60.6 bp −$606 | doesn't fit | doesn't fit |
| Sell HTX live order book, 21 min ago | 44.46 bp | 53.7 bp −$54 | doesn't fit | 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 | −0.0117% | 1h | 2.9992 | −0.153% | $267 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0022% | 8h | 3.0040 | +0.008% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0006 | −0.107% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0010 | −0.093% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.242% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0025 | −0.043% | $164K | $489K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0015 | −0.077% | $299K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0009 | −0.097% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0000 | −0.127% | $29.9M | $54.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0000 | −0.127% | $17.7M | $19.0M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9990 | −0.160% | $5.9M | $17.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0010 | −0.093% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0000 | −0.127% | $18.9M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9970 | −0.226% | $5.0M | $13.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0010 | −0.093% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0010 | −0.093% | — | $6.1M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0059 | +0.069% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0126 | +0.293% | $572K | $477K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9990 | −0.160% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDTshort | +0.0100% | 8h | 3.0000 | −0.127% | $105K | $240K | 20x | |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0060 | +0.073% | $1.8M | $794K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9990 | −0.160% | $22K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0060 | +0.073% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0080 | +0.140% | $65K | $75K | 50x | as long as short |
| Hyperliquid ICP | +0.0419% | 1h | 3.0056 | +0.060% | $4.8M | $5.1M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0003 | −0.115% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0894% | 1h | 3.0038 | long leg | $544K | $617K | 50x |
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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]