Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.028%
Price spread now: BloFin against Binance−0.230%51s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 3 days (all we have)+0.128%+$13 · spread now −0.230%, 7d avg +0.002%
=Funding pays, the price is against you. BloFin is 0.231% cheaper against Binance than usual: you would sell low and buy high (spread −0.230% now, against its 7-day average of +0.002%). If the spread goes back, that is −$23 on $10k: about 6.4 days of funding at the current rate (+$4 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 3.0480 | 0.0100 | pay 0.0100% / 8h | 7h 30m | $30.5M | $52.7M | 75x |
| Short | BloFin ICP-USDT | 3.0410 | 0.0220 | get 0.0220% / 8h | 7h 30m | $1.3M | $2.4M | 75x |
Binance ICPUSDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.2
- Price spread: −0.230% → +0.002%
- −$23.14
- Slippage, 4 orders
- −$26.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.29
- Costs to cover
- 0.484%
- Break-even
- 19.9 days
Slippage from Binance: live order book, 12 min ago; BloFin: live order book, 3 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 Binance live order book, 12 min ago | 1.64 bp | 10.3 bp −$10 | 26.0 bp −$260 | 293.5 bp −$29.3K | doesn't fit |
| Sell BloFin live order book, 3 min ago | 1.64 bp | 10.8 bp −$11 | 19.9 bp −$199 | 61.0 bp −$6,099 | 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 | −0.0242% | 1h | 3.0471 | −0.030% | $272 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0121% | 1h | 3.0533 | +0.172% | $557K | $598K | 50x | as long as short |
| Variational Omni ICP | −0.0066% | 8h | 3.0500 | +0.067% | $1.1M | $110K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0500 | +0.066% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0494 | +0.046% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.674% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0528 | +0.157% | $175K | $480K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0523 | +0.141% | $301K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0502 | +0.073% | $138K | $11K | 5x | as long as short |
| Binance ICPUSDTlong | +0.0100% | 8h | 3.0480 | long leg | $30.5M | $52.7M | 75x |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0470 | −0.033% | $18.1M | $18.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0470 | −0.033% | $6.2M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0480 | 0.000% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0480 | 0.000% | $19.6M | $9.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0460 | −0.066% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0490 | +0.033% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0480 | 0.000% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0521 | +0.136% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0512 | +0.107% | $591K | $463K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0460 | −0.066% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0450 | −0.098% | $107K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0530 | +0.164% | $1.8M | $779K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0466 | −0.045% | $23K | $143K | 10x | as long as short |
| Hyperliquid ICP | +0.0171% | 1h | 3.0520 | +0.131% | $4.7M | $4.9M | 5x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 3.0410 | −0.230% | $1.3M | $2.4M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0480 | 0.000% | $63K | $65K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0511% / S −0.0480% | 1h | 3.0489 | +0.029% | $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
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]