Funding you earn now, next payment 23:00 UTC+0.0123%/8h= +13.4% APRpaid last 24h −0.091%
Price spread now: Kraken Futures against Bitget+0.090%48s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as 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−$650.652% of the position
Funding, last 7 days−0.400%−$40 on $10k
+Price spread, last 3 days (all we have)−0.197%−$20 · spread now +0.090%, 7d avg +0.034%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.056% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 7 days funding on this pair cost −0.400%, so the current rate has only just turned in your favour. The two prices were read 48 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 | Bitget ICPUSDT | 2.9980 | 0.0100 | pay 0.0100% / 8h | 1h 14m | $6.8M | $4.5M | 50x |
| Short | Kraken Futures PF_ICPUSD | 3.0007 | 0.0223 | get 0.0028% / 1h | 14m 29s | $487K | $528K | 50x |
Bitget ICPUSDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $25.79
- Price spread: +0.090% → +0.034%
- $5.56
- Slippage, 4 orders
- −$43.23
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$33.87
- Costs to cover
- 0.652%
- Break-even
- 16.2 days
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: 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 Bitget live order book, 4 min ago | 1.67 bp | 12.5 bp −$13 | 27.6 bp −$276 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 3.33 bp | 19.1 bp −$19 | 38.7 bp −$387 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1487% | 8h | 2.9800 | −0.600% | $1.7M | $772K | 50x | as long as short |
| Variational Omni ICP | −0.0159% | 8h | 2.9981 | +0.004% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.051% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0117% | 1h | 2.9978 | −0.007% | $267 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0050% | 8h | 2.9960 | −0.067% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9986 | +0.019% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9984 | +0.013% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0014 | +0.113% | $166K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0009 | +0.097% | $203K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9998 | +0.060% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
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 | 2.9983 | +0.010% | $29.7M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9960 | −0.067% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9970 | −0.033% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9980 | 0.000% | $19.6M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9980 | 0.000% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 2.9980 | long leg | $6.8M | $4.5M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9980 | 0.000% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0000 | +0.067% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9987 | +0.023% | $574K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0000 | +0.067% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0010 | +0.100% | $107K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9976 | −0.012% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0020 | +0.133% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0223% | 1h | 3.0007 | +0.090% | $487K | $528K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.167% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9982 | +0.008% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0675% | 1h | 3.0048 | +0.227% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
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