Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.038%
Price spread now: OKX against BloFin−0.197%53s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as 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−$510.513% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 3 days (all we have)+0.267%+$27 · spread now −0.197%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.165% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 53 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 | 3.0430 | 0.0220 | pay 0.0220% / 8h | 40m 16s | $1.3M | $2.3M | 75x |
| Short | OKX ICP-USDT-SWAP | 3.0370 | 0.0100 | get 0.0100% / 8h | 40m 16s | $6.2M | $16.8M | 50x |
BloFin ICP-USDT
OKX ICP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.197% → −0.033%
- −$16.46
- Slippage, 4 orders
- −$29.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93
- Costs to cover
- 0.513%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 4.94 bp | 13.9 bp −$14 | 24.7 bp −$247 | 97.5 bp −$9,750 | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.64 bp | 11.0 bp −$11 | 31.8 bp −$318 | 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 | −0.1569% | 8h | 3.0360 | −0.230% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0408% | 1h | 3.0376 | −0.177% | $271 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0142% | 8h | 3.0401 | −0.095% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0028% | 8h | 3.0370 | −0.197% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0428 | −0.006% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0400 | −0.099% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.514% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0415 | −0.049% | $159K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0386 | −0.146% | $205K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0416 | −0.045% | $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 | 3.0374 | −0.184% | $30.0M | $51.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0370 | −0.197% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAPshort | +0.0100% | 8h | 3.0370 | −0.197% | $6.2M | $16.8M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0370 | −0.197% | $19.4M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0370 | −0.197% | $4.9M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0400 | −0.099% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0380 | −0.164% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0460 | +0.097% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0412 | −0.058% | $581K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0370 | −0.197% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0370 | −0.197% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0365 | −0.213% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0424 | −0.020% | $540K | $580K | 50x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 3.0430 | long leg | $1.3M | $2.3M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.361% | $64K | $90K | 50x | as long as short |
| Hyperliquid ICP | +0.0260% | 1h | 3.0442 | +0.040% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0392 | −0.124% | $38K | — | 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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]