Funding you earn now, next payment 00:00 UTC+0.0206%/8h= +22.6% APRnext payment +$2.06 per $10,000 · paid last 24h +0.002%
Price spread now: OKX against Gate0.000%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$650.649% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 7 days+0.031%+$3 · spread now 0.000%, 7d avg −0.016%
=The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.06 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 2.9660 | −0.0106 | get 0.0106% / 8h | 1h 59m | $1.9M | $2.7M | 50x |
| Short | OKX ICP-USDT-SWAP | 2.9660 | 0.0100 | get 0.0100% / 8h | 1h 59m | $5.8M | $15.6M | 50x |
Gate ICP_USDT
OKX ICP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $43.26
- Price spread: 0.000% → −0.016%
- $1.62
- Slippage, 4 orders
- −$39.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$19.98
- Costs to cover
- 0.649%
- Break-even
- 10.2 days
Slippage from Gate: live order book, 3 min ago; OKX: live order book, 4 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 Gate live order book, 3 min ago | 1.68 bp | 21.9 bp −$22 | 44.2 bp −$442 | 67.5 bp −$6,748 | doesn't fit |
| Sell OKX live order book, 4 min ago | 1.68 bp | 7.3 bp −$7 | 29.5 bp −$295 | 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 | −0.1273% | 8h | 2.9670 | +0.034% | $1.7M | $779K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0356% | 1h | 2.9694 | +0.115% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0222% | 8h | 2.9664 | +0.012% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | +0.017% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTlong | −0.0106% | 8h | 2.9660 | long leg | $1.9M | $2.7M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9709 | +0.164% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9707 | +0.157% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0042% | 8h | 2.9690 | +0.101% | $17.1M | $17.7M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9694 | +0.115% | $165K | $441K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9683 | +0.077% | $181K | $1.5M | 20x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
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 | 2.9673 | +0.044% | $134K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9710 | +0.169% | $28.9M | $49.0M | 75x | as long as short |
| OKX ICP-USDT-SWAPshort | +0.0100% | 8h | 2.9660 | 0.000% | $5.8M | $15.6M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9670 | +0.034% | $19.2M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9680 | +0.067% | $5.2M | $12.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9670 | +0.034% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9670 | +0.034% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9692 | +0.106% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9690 | +0.101% | $568K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9690 | +0.101% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9640 | −0.067% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9662 | +0.006% | $25K | $124K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0149% | 1h | 2.9701 | +0.138% | $486K | $518K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9710 | +0.169% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9890 | +0.775% | $62K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0399% | 1h | 2.9723 | +0.212% | $4.7M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9712 | +0.175% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance 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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]