Funding you earn now, next payment 04:00 UTC+0.0470%/8h= +51.4% APRpaid last 24h −0.070%
Price spread now: Kraken Futures against KuCoin+0.102%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$900.900% of the position
Funding, last 7 days−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.102%, 7d avg +0.027%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.327%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.327% in total (about -17.1% 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 | KuCoin ICPUSDTM | 2.9600 | 0.0100 | pay 0.0100% / 8h | 4h 19m | $4.8M | $12.6M | 50x |
| Short | Kraken Futures PF_ICPUSD | 2.9630 | 0.0570 | get 0.0071% / 1h | 19m 42s | $520K | $601K | 50x |
KuCoin ICPUSDTM
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $98.61
- Price spread: +0.102% → +0.027%
- $7.51
- Slippage, 4 orders
- −$67.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $16.14
- Costs to cover
- 0.900%
- Break-even
- 5.9 days
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 38 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, 4 min ago | 1.69 bp | 18.4 bp −$18 | 73.6 bp −$736 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 38 min ago | 8.46 bp | 23.7 bp −$24 | 49.6 bp −$496 | 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 | −0.0155% | 1h | 2.9600 | 0.000% | $264 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9612 | +0.042% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9612 | +0.042% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.220% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0048% | 8h | 2.9580 | −0.068% | $1.8M | $791K | 50x | as long as short |
| Variational Omni ICP | +0.0093% | 8h | 2.9610 | +0.032% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9630 | +0.101% | $157K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9627 | +0.092% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9606 | +0.019% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9601 | +0.004% | $29.1M | $50.6M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Phemex ICPUSDT
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9600 | 0.000% | $17.1M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9610 | +0.034% | $5.7M | $16.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9630 | +0.101% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9610 | +0.034% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 2.9600 | long leg | $4.8M | $12.6M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9620 | +0.068% | $6.9M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9610 | +0.034% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9645 | +0.151% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9651 | +0.173% | $564K | $459K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9590 | −0.034% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9630 | +0.101% | $104K | $150K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9602 | +0.008% | $23K | $130K | 10x | as long as short |
| Hyperliquid ICP | +0.0161% | 1h | 2.9636 | +0.122% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9640 | +0.135% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.743% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0535% / S −0.0528% | 1h | 2.9609 | +0.029% | $39K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0570% | 1h | 2.9630 | +0.102% | $520K | $601K | 50x |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]