Funding you earn now, next payment 23:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h −0.091%
Price spread now: Kraken Futures against Bitget−0.113%48s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as 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−$640.639% of the position
Funding, last 7 days−0.400%−$40 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.113%, 7d avg +0.034%
=Funding pays, the price is against you. Kraken Futures is 0.147% cheaper against Bitget than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of +0.034%). If the spread goes back, that is −$15 on $10k: about 4.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.400%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Bitget ICPUSDT | 3.0030 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $6.8M | $4.5M | 50x |
| Short | Kraken Futures PF_ICPUSD | 2.9996 | 0.0223 | get 0.0028% / 1h | 6m 35s | $487K | $528K | 50x |
Bitget ICPUSDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $25.81
- Price spread: −0.113% → +0.034%
- −$14.74
- Slippage, 4 orders
- −$41.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$52.83
- Costs to cover
- 0.639%
- Break-even
- 21.3 days
Slippage from Bitget: live order book, 7 min ago; Kraken Futures: live order book, 11 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 Bitget live order book, 7 min ago | 3.34 bp | 12.0 bp −$12 | 25.0 bp −$250 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 11 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 | −0.1462% | 8h | 2.9800 | −0.766% | $1.7M | $769K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0184% | 1h | 2.9976 | −0.180% | $267 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0154% | 8h | 2.9931 | −0.330% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.215% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0046% | 8h | 2.9970 | −0.200% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9976 | −0.180% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9974 | −0.186% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0010 | −0.067% | $160K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9989 | −0.135% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9997 | −0.111% | $136K | $11K | 5x | 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
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 | 3.0002 | −0.092% | $29.7M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9980 | −0.167% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9990 | −0.133% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9990 | −0.133% | $19.6M | $8.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9980 | −0.167% | $5.1M | $12.9M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 3.0030 | long leg | $6.8M | $4.5M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9990 | −0.133% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9950 | −0.265% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9971 | −0.197% | $574K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9960 | −0.233% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9920 | −0.366% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9980 | −0.166% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9950 | −0.266% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0223% | 1h | 2.9996 | −0.113% | $487K | $528K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | 0.000% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0506% / S −0.0480% | 1h | 2.9976 | −0.181% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0662% | 1h | 3.0056 | +0.087% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP