Funding you earn now, next payment 10:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h +0.052%
Price spread now: KuCoin against Kraken Futures−0.102%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1000.997% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.102%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.338%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9520 | 0.0353 | pay 0.0044% / 1h | 14m 51s | $512K | $595K | 50x |
| Short | KuCoin ICPUSDTM | 2.9490 | 0.0100 | get 0.0100% / 8h | 6h 14m | $4.9M | $11.0M | 50x |
Kraken Futures PF_ICPUSD
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Kraken Futures. 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
- −$53.13
- Price spread: −0.102% → −0.029%
- −$7.29
- Slippage, 4 orders
- −$77.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$160.14
- Costs to cover
- 0.997%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 36 min ago; KuCoin: live order book, 2 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 Kraken Futures live order book, 36 min ago | 6.80 bp | 23.3 bp −$23 | 48.5 bp −$485 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 1.70 bp | 30.5 bp −$30 | 74.0 bp −$740 | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | −0.0192% | 8h | 2.9430 | −0.306% | $1.7M | $698K | 50x | as long as short |
| Variational Omni ICP | −0.0154% | 8h | 2.9479 | −0.141% | $1.0M | $154K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9502 | −0.061% | $68K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9496 | −0.082% | $192 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9512 | −0.029% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.491% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9501 | −0.065% | $135K | $471K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9513 | −0.024% | $249K | $974K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9512 | −0.027% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9490 | −0.103% | $28.5M | $48.0M | 75x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | −0.136% | $17.1M | $17.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9490 | −0.102% | $5.8M | $13.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9490 | −0.102% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9490 | −0.102% | $18.5M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9490 | −0.102% | $4.9M | $11.0M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9510 | −0.035% | $7.0M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9480 | −0.136% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9490 | −0.101% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9497 | −0.080% | $572K | $593K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.068% | $1K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.170% | $103K | $124K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9483 | −0.125% | $22K | $242K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9490 | −0.102% | $1.2M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0353% | 1h | 2.9520 | long leg | $512K | $595K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0448% | 1h | 2.9570 | +0.169% | $58K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0454% / S −0.0403% | 1h | 2.9507 | −0.046% | $33K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0548% | 1h | 2.9537 | +0.057% | $4.6M | $4.5M | 5x | as long as short |
Bybit ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP