Funding you earn now, next payment 00:00 UTC−0.0402%/8h= −44.1% APRnext payment −$0.50 per $10,000 · paid last 24h −0.095%
Price spread now: Kraken Futures against Coinbase International−0.215%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.750%−$75 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Kraken Futures is 0.215% cheaper against Coinbase International than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 3.0290 | 0.0280 | pay 0.0035% / 1h | 0m 45s | $63K | $66K | 50x |
| Short | Kraken Futures PF_ICPUSD | 3.0225 | −0.0122 | pay 0.0015% / 1h | 0m 45s | $548K | $609K | 50x |
Coinbase International ICP-PERP-INTX
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$84.49
- Price spread: −0.215% → 0.000%
- −$21.45
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$125.94
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 7 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 7 min ago | 6.53 bp | 15.5 bp −$15 | 38.7 bp −$387 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0214% | 1h | 3.0167 | −0.406% | $269 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSDshort | −0.0122% | 1h | 3.0225 | −0.215% | $548K | $609K | 50x | |
| Variational Omni ICP | −0.0043% | 8h | 3.0175 | −0.381% | $1.1M | $114K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0169 | −0.399% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0192 | −0.324% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.063% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0217 | −0.241% | $169K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0173 | −0.386% | $333K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0172 | −0.391% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0154 | −0.450% | $30.1M | $53.2M | 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 ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0120 | −0.561% | $17.9M | $18.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0120 | −0.561% | $6.1M | $16.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0170 | −0.396% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0140 | −0.495% | $19.3M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0160 | −0.429% | $5.1M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0180 | −0.363% | $7.1M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0170 | −0.396% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0324 | +0.114% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0463 | +0.570% | $578K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0170 | −0.396% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0210 | −0.264% | $106K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0200 | −0.297% | $1.8M | $782K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0153 | −0.454% | $22K | $128K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0150 | −0.462% | $1.3M | $2.3M | 75x | as long as short |
| Hyperliquid ICP | +0.0240% | 1h | 3.0219 | −0.234% | $4.9M | $5.1M | 5x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0280% | 1h | 3.0290 | long leg | $63K | $66K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0189 | −0.333% | $38K | — | 100x | as long as short |
Bybit 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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]