Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.0% APRnext payment −$0.37 per $10,000 · paid last 24h −0.084%
Price spread now: Variational Omni against KuCoin−0.339%7-day average −0.107% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.183%−$18 on $10k
+Price spread, last 4 days (all we have)+0.450%+$45 · spread now −0.339%, 7d avg −0.107%
=Together, before fees+0.266%+ Points / potential airdropVariational Omni: Active · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.232% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.107%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ICPUSDTM | 2.9540 | 0.0100 | pay 0.0100% / 8h | 2h 06m | $4.9M | $12.2M | 50x |
| Short | Variational Omni ICP | 2.9440 | 0.0063 | get 0.0063% / 8h | 2h 06m | $1.0M | $133K | — |
KuCoin ICPUSDTM
Variational Omni ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against KuCoin. 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
- −$7.71
- Price spread: −0.339% → −0.107%
- −$23.2
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$42.91
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 KuCoin live order book, 2 min ago | 1.70 bp | 21.2 bp −$21 | 68.0 bp −$680 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 4.41 bp | doesn't fit | 22.7 bp −$227 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0122% | 1h | 2.9537 | −0.010% | $192 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0068% | 1h | 2.9568 | +0.095% | $525K | $667K | 50x | as long as short |
| Phemex ICPUSDT | −0.0034% | 8h | 2.9390 | −0.508% | $1.7M | $673K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9501 | −0.132% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9540 | 0.000% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.423% | $202 | $200K | 12x | as long as short |
| Variational Omni ICPshort | +0.0063% | 8h | 2.9440 | −0.339% | $1.0M | $133K | — | |
| Lighter ICP | +0.0096% | 1h | 2.9558 | +0.061% | $140K | $496K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9593 | +0.179% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9544 | +0.015% | $264K | $1.3M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid 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 | 2.9518 | −0.074% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9540 | 0.000% | $28.9M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9530 | −0.034% | $17.3M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9540 | 0.000% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9540 | 0.000% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9540 | 0.000% | $18.6M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 2.9540 | long leg | $4.9M | $12.2M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9570 | +0.102% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9550 | +0.034% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9446 | −0.319% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9460 | −0.272% | $569K | $505K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9530 | −0.034% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.135% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9526 | −0.046% | $23K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9460 | −0.271% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9550 | +0.034% | $57K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9537 | −0.009% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
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]