Funding you earn now, next payment 00:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h −0.065%
Price spread now: Kraken Futures against OKX+0.074%45s7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as 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−$630.629% of the position
Funding, last 7 days−0.311%−$31 on $10k
+Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.074%, 7d avg +0.091%
=The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.311%, so the current rate has only just turned in your favour. The two prices were read 45 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 | OKX ICP-USDT-SWAP | 3.0420 | 0.0100 | pay 0.0100% / 8h | 47m 30s | $6.2M | $16.7M | 50x |
| Short | Kraken Futures PF_ICPUSD | 3.0442 | 0.0170 | get 0.0021% / 1h | 47m 30s | $495K | $532K | 50x |
OKX ICP-USDT-SWAP
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $14.8
- Price spread: +0.074% → +0.091%
- −$1.75
- Slippage, 4 orders
- −$42.92
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$49.87
- Costs to cover
- 0.629%
- Break-even
- 30.6 days
Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 30 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 OKX live order book, 1 min ago | 1.64 bp | 13.3 bp −$13 | 34.3 bp −$343 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 3.33 bp | 19.1 bp −$19 | 38.7 bp −$387 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1611% | 8h | 3.0390 | −0.099% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0407% | 1h | 3.0426 | +0.020% | $271 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0150% | 8h | 3.0556 | +0.448% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0034% | 8h | 3.0430 | +0.033% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0446 | +0.086% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0450 | +0.099% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.482% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0466 | +0.151% | $160K | $451K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0470 | +0.163% | $217K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0453 | +0.108% | $138K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0442 | +0.074% | $30.1M | $51.1M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0430 | +0.033% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 3.0420 | long leg | $6.2M | $16.7M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0430 | +0.033% | $19.4M | $9.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0430 | +0.033% | $5.2M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0450 | +0.099% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0450 | +0.099% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0540 | +0.395% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0516 | +0.316% | $584K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0460 | +0.131% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0440 | +0.066% | $108K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0444 | +0.079% | $26K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0170% | 1h | 3.0488 | +0.223% | $4.8M | $5.0M | 5x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0170% | 1h | 3.0442 | +0.074% | $495K | $532K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0520 | +0.329% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0440 | +0.066% | $64K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0548% / S −0.0540% | 1h | 3.0472 | +0.169% | $41K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]