ICP

Alert

Funding spread now, next payment 16:00 UTC+0.0686%/8h

next payment, per $10,000+$0.86paid, last 24h+0.100%paid, last 7 days+0.370%to open and close $10k−$69

Long on Kraken Futures Short on Extended

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.370% in total (about 19.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.86 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	Kraken Futures PF_ICPUSD	2.9587	−0.0670	get 0.0084% / 1h	1m 09s	$509K	$558K	50x
Short	Extended ICP-USD	2.9526	0.0016	get 0.0002% / 1h	1m 09s	$26K	$133K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee ExtendedbpOrdersRate

Funding earned: $143.96
Slippage, 4 orders: −$53.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $75.25
Break-even: 3.3 days

Slippage from Kraken Futures: live order book, 48 min ago; Extended: live order book, 8 min ago.

Price risk

price view

Price gap now: −0.207%
Avg gap 7d: −0.087%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Kraken Futures live order book, 48 min ago	11.77 bp	17.7 bp −$18	38.6 bp −$386	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	4.07 bp	13.1 bp −$13	85.3 bp −$853	doesn't fit	doesn't fit

ICP on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ICPUSDlong	−0.0670%	1h	$509K	$558K	50x
Phemex ICPUSDT	−0.0642%	8h	$1.7M	$751K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0427%	1h	$263	$366	50x	as long as short
Variational Omni ICP	−0.0353%	8h	$1.0M	$83K	—	as long as short
Bybit ICPUSDT	−0.0165%	8h	$16.5M	$15.4M	75x	as long as short
OKX ICP-USDT-SWAP	−0.0014%	8h	$5.8M	$15.9M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	$70K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	$26K	—	150x	as long as short
Gate ICP_USDT	+0.0007%	8h	$1.8M	$2.3M	50x	as long as short
Binance ICPUSDT	+0.0014%	8h	$28.7M	$47.8M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
MEXC ICP_USDT	+0.0015%	8h	$18.6M	$7.4M	50x	as long as short
Extended ICP-USDshort	+0.0016%	1h	$26K	$133K	10x
Injective ICP/USDC PERP	+0.0033%	1h	$202	$164K	12x	as long as short
BloFin ICP-USDT	+0.0055%	8h	$1.2M	$2.4M	75x	as long as short
Lighter ICP	+0.0096%	1h	$144K	$322K	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0096%	1h	$67K	$119K	50x	as long as short
Aster ICPUSDT	+0.0100%	8h	$183K	$1.9M	20x	as long as short
Pacifica ICP	+0.0100%	1h	$134K	$11K	5x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.0M	$11.4M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.8M	$4.0M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$3.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$276K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$1K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$112K	$285K	20x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0238%	1h	$30K	—	100x	as long as short
Hyperliquid ICP	+0.0405%	1h	$4.8M	$3.6M	5x	as long as short