Funding you earn now, next payment 07:00 UTC−0.0412%/8h= −45.2% APRpaid last 24h −0.047%
Price spread now: Kraken Futures against BingX+0.121%53s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as 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−$520.520% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.121%, 7d avg +0.072%
=The price spread pays, funding is against you. Kraken Futures is 0.049% dearer against BingX than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.072%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.392% in total) that is about 21 hours. The two prices were read 53 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 | BingX ICP-USDT | 2.9610 | 0.0100 | pay 0.0100% / 8h | 1h 01m | — | $5.7M | — |
| Short | Kraken Futures PF_ICPUSD | 2.9646 | −0.0312 | pay 0.0039% / 1h | 1m 23s | $525K | $651K | 50x |
BingX ICP-USDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$86.61
- Price spread: +0.121% → +0.072%
- $4.9
- Slippage, 4 orders
- −$31.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$133.66
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Kraken Futures: live order book, 42 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 BingX live order book, 4 min ago | 1.69 bp | 9.8 bp −$10 | 16.4 bp −$164 | 39.4 bp −$3,935 | 387.6 bp −$193.8K |
| Sell Kraken Futures live order book, 42 min ago | 5.10 bp | 13.4 bp −$13 | 35.6 bp −$356 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSDshort | −0.0312% | 1h | 2.9646 | +0.121% | $525K | $651K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0223% | 1h | 2.9611 | +0.003% | $193 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0200% | 8h | 2.9540 | −0.236% | $1.8M | $682K | 50x | as long as short |
| Variational Omni ICP | −0.0037% | 8h | 2.9670 | +0.202% | $1.1M | $133K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9634 | +0.079% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9642 | +0.109% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.186% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9629 | +0.064% | $139K | $496K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9641 | +0.103% | $282K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9635 | +0.086% | $134K | $9K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9608 | −0.007% | $29.0M | $48.3M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9590 | −0.068% | $17.3M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9610 | 0.000% | $5.8M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9610 | 0.000% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9610 | 0.000% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9610 | 0.000% | $4.9M | $11.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9630 | +0.068% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDTlong | +0.0100% | 8h | 2.9610 | long leg | — | $5.7M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9645 | +0.119% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9638 | +0.096% | $563K | $558K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9610 | 0.000% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9630 | +0.068% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9601 | −0.029% | $22K | $149K | 10x | as long as short |
| Hyperliquid ICP | +0.0117% | 1h | 2.9659 | +0.165% | $4.6M | $4.6M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9630 | +0.068% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9750 | +0.473% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0457% / S −0.0403% | 1h | 2.9636 | +0.086% | $33K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]