Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.019%
Price spread now: KuCoin against BloFin−0.232%65s7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$111as 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−$840.838% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 3 days (all we have)+0.343%+$34 · spread now −0.232%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.271% cheaper against BloFin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 65 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 | BloFin ICP-USDT | 3.0210 | 0.0220 | pay 0.0220% / 8h | 6h 58m | $1.3M | $2.3M | 75x |
| Short | KuCoin ICPUSDTM | 3.0140 | 0.0100 | get 0.0100% / 8h | 6h 58m | $5.1M | $13.4M | 50x |
BloFin ICP-USDT
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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: −0.232% → +0.039%
- −$27.12
- Slippage, 4 orders
- −$59.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$136.11
- Costs to cover
- 0.838%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 6 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 BloFin live order book, 5 min ago | 4.95 bp | 13.7 bp −$14 | 24.1 bp −$241 | 120.0 bp −$12.0K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 3.30 bp | 22.9 bp −$23 | 93.2 bp −$932 | 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 | −0.0082% | 1h | 3.0154 | −0.185% | $269 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0043% | 8h | 3.0175 | −0.117% | $1.1M | $114K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0090 | −0.398% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0152 | −0.192% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.804% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0211 | +0.003% | $169K | $484K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0174 | −0.120% | $333K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0090 | −0.399% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0208 | −0.005% | $30.1M | $53.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0190 | −0.066% | $17.9M | $18.8M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0180 | −0.099% | $6.1M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0180 | −0.099% | $2.0M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0170 | −0.132% | $19.2M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 3.0140 | −0.232% | $5.1M | $13.4M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0180 | −0.099% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0200 | −0.033% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0324 | +0.379% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0169 | −0.134% | $583K | $479K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0150 | −0.199% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0030 | −0.596% | $105K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0230 | +0.066% | $1.8M | $781K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0183 | −0.091% | $22K | $128K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 3.0210 | long leg | $1.3M | $2.3M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0080 | −0.430% | $63K | $66K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0155 | −0.183% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0658% | 1h | 3.0239 | +0.096% | $4.9M | $5.1M | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0889% | 1h | 3.0203 | −0.022% | $547K | $613K | 50x | as long as short |
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
Phemex ICPUSDT
Extended ICP-USD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP
Kraken Futures PF_ICPUSD