Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.019%
Price spread now: BloFin against KuCoin+0.235%110s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as 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−$790.794% of the position
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 3 days (all we have)−0.288%−$29 · spread now +0.235%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.278% dearer against KuCoin than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.043%. The two prices were read 110 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 | KuCoin ICPUSDTM | 2.9730 | 0.0100 | pay 0.0100% / 8h | 2h 11m | $5.2M | $12.9M | 50x |
| Short | BloFin ICP-USDT | 2.9800 | 0.0220 | get 0.0220% / 8h | 2h 11m | $1.2M | $2.2M | 75x |
KuCoin ICPUSDTM
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $25.2
- Price spread: +0.235% → −0.043%
- $27.83
- Slippage, 4 orders
- −$55.38
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$26.35
- Costs to cover
- 0.794%
- Break-even
- 14.3 days
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 7 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 KuCoin live order book, 7 min ago | 5.03 bp | 22.5 bp −$23 | 86.7 bp −$867 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 7 min ago | 6.71 bp | 12.7 bp −$13 | 15.5 bp −$155 | 85.1 bp −$8,511 | 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 | −0.1362% | 8h | 2.9650 | −0.269% | $1.7M | $779K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0355% | 1h | 2.9733 | +0.010% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0229% | 8h | 2.9754 | +0.080% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.219% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0092% | 8h | 2.9700 | −0.101% | $1.9M | $2.7M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9719 | −0.036% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9747 | +0.056% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0034% | 8h | 2.9730 | 0.000% | $17.2M | $17.7M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9756 | +0.087% | $166K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9743 | +0.042% | $187K | $1.5M | 20x | 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
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 | 2.9723 | −0.025% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9747 | +0.058% | $28.9M | $49.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9720 | −0.034% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9740 | +0.034% | $19.5M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 2.9730 | long leg | $5.2M | $12.9M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9740 | +0.034% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9740 | +0.034% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9784 | +0.181% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9700 | −0.101% | $568K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9720 | −0.034% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9700 | −0.101% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9727 | −0.010% | $24K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0148% | 1h | 2.9738 | +0.026% | $487K | $518K | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 2.9800 | +0.235% | $1.2M | $2.2M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9890 | +0.538% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9741 | +0.037% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0853% | 1h | 2.9800 | +0.235% | $4.7M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP