Funding you earn now, next payment 09:00 UTC+0.0087%/8h= +9.5% APRpaid last 24h +0.190%
Price spread now: Kraken Futures against Phemex+0.379%7-day average +0.208% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.008%+$201 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.379%, 7d avg +0.208%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.171% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.208%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9710 | −0.0423 | get 0.0423% / 8h | 7h 02m | $1.8M | $692K | 50x |
| Short | Kraken Futures PF_ICPUSD | 2.9823 | −0.0337 | pay 0.0042% / 1h | 2m 38s | $528K | $589K | 50x |
Phemex ICPUSDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phemex. 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
- $18.21
- Price spread: +0.379% → +0.208%
- $17.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $13.3
- Costs to cover
- 0.220%
- Break-even
- 1.9 days
Slippage unknown: Phemex: live order book, 6 min ago; Kraken Futures: live order book, 30 min ago. Net counts fees only.
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 Phemex live order book, 6 min ago | 1.69 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 30 min ago | 6.79 bp | 17.4 bp −$17 | 34.7 bp −$347 | 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 ICPUSDTlong | −0.0423% | 8h | 2.9710 | long leg | $1.8M | $692K | 50x | |
| Kraken Futures PF_ICPUSDshort | −0.0337% | 1h | 2.9823 | +0.379% | $528K | $589K | 50x | |
| Variational Omni ICP | −0.0161% | 8h | 2.9750 | +0.135% | $1.1M | $143K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0119% | 1h | 2.9770 | +0.202% | $194 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9755 | +0.152% | $69K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9773 | +0.211% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.151% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0095% | 8h | 2.9710 | 0.000% | $17.2M | $17.6M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9745 | +0.118% | $136K | $491K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9747 | +0.125% | $273K | $969K | 20x | as long as short |
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 2.9740 | +0.102% | $134K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9727 | +0.057% | $29.0M | $47.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9720 | +0.034% | $5.8M | $13.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9720 | +0.034% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9720 | +0.034% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9740 | +0.101% | $5.0M | $11.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9750 | +0.135% | $7.1M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9730 | +0.067% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9766 | +0.189% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9773 | +0.211% | $565K | $580K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9770 | +0.202% | $2K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9730 | +0.067% | $104K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9713 | +0.011% | $22K | $236K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9780 | +0.236% | $1.3M | $2.4M | 75x | as long as short |
| Hyperliquid ICP | +0.0312% | 1h | 2.9792 | +0.276% | $4.6M | $4.5M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9830 | +0.404% | $58K | $67K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9770 | +0.203% | $33K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
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
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]