Funding you earn now, next payment 12:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h +0.029%
Price spread now: OKX against Kraken Futures−0.082%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days+0.294%+$29 on $10k
+Price spread, last 4 days (all we have)+0.161%+$16 · spread now −0.082%, 7d avg −0.093%
=The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.294%, 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 | 2.9494 | 0.0142 | pay 0.0018% / 1h | 9m 23s | $510K | $595K | 50x |
| Short | OKX ICP-USDT-SWAP | 2.9470 | 0.0100 | get 0.0100% / 8h | 4h 09m | $5.8M | $12.6M | 50x |
Kraken Futures PF_ICPUSD
OKX ICP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$8.86
- Price spread: −0.082% → −0.093%
- $1.12
- Slippage, 4 orders
- −$42.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.66
- Costs to cover
- 0.629%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 32 min ago; OKX: live order book, 2 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, 32 min ago | 5.10 bp | 26.2 bp −$26 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.70 bp | 11.5 bp −$12 | 28.9 bp −$289 | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | −0.0272% | 8h | 2.9420 | −0.251% | $1.7M | $704K | 50x | as long as short |
| Variational Omni ICP | −0.0094% | 8h | 2.9417 | −0.262% | $1.1M | $193K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9450 | −0.150% | $68K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9469 | −0.085% | $192 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9470 | −0.080% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.580% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9485 | −0.031% | $134K | $454K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9474 | −0.068% | $248K | $894K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9476 | −0.060% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9480 | −0.048% | $28.4M | $47.2M | 75x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9460 | −0.116% | $17.3M | $17.0M | 75x | as long as short |
| OKX ICP-USDT-SWAPshort | +0.0100% | 8h | 2.9470 | −0.082% | $5.8M | $12.6M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | −0.116% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9470 | −0.082% | $18.3M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9470 | −0.082% | $4.9M | $10.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9480 | −0.048% | $7.0M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.082% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9419 | −0.253% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9430 | −0.216% | $566K | $676K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.082% | $1K | $1.3M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9410 | −0.285% | $103K | $128K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9469 | −0.083% | $23K | $241K | 10x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0142% | 1h | 2.9494 | long leg | $510K | $595K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9420 | −0.251% | $1.2M | $1.9M | 75x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0425% / S −0.0357% | 1h | 2.9468 | −0.087% | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0440% | 1h | 2.9580 | +0.291% | $58K | $63K | 50x | as long as short |
| Hyperliquid ICP | +0.0470% | 1h | 2.9522 | +0.095% | $4.6M | $4.2M | 5x | as long as short |
Bybit ICPUSDT
Gate ICP_USDT
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
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX
Hyperliquid ICP