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: Binance against BloFin−0.135%61s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as 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−$460.455% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.135%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.140% cheaper against BloFin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 61 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 | BloFin ICP-USDT | 2.9640 | 0.0220 | pay 0.0220% / 8h | 4h 20m | $1.2M | $2.2M | 75x |
| Short | Binance ICPUSDT | 2.9600 | 0.0100 | get 0.0100% / 8h | 4h 20m | $29.1M | $50.6M | 75x |
BloFin ICP-USDT
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: −0.135% → +0.005%
- −$14.04
- Slippage, 4 orders
- −$23.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$84.78
- Costs to cover
- 0.455%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Binance: live order book, 7 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 BloFin live order book, 3 min ago | 3.37 bp | 10.7 bp −$11 | 15.6 bp −$156 | 70.4 bp −$7,037 | doesn't fit |
| Sell Binance live order book, 7 min ago | 1.68 bp | 9.8 bp −$10 | 22.1 bp −$221 | 208.6 bp −$20.9K | 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 | −0.0155% | 1h | 2.9600 | −0.135% | $264 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9636 | −0.013% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9612 | −0.093% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.084% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0048% | 8h | 2.9580 | −0.202% | $1.8M | $791K | 50x | as long as short |
| Variational Omni ICP | +0.0093% | 8h | 2.9610 | −0.103% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9633 | −0.024% | $157K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9627 | −0.045% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9628 | −0.039% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDTshort | +0.0100% | 8h | 2.9600 | −0.135% | $29.1M | $50.6M | 75x |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Phemex ICPUSDT
Variational Omni ICP
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 | 2.9590 | −0.169% | $17.1M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9610 | −0.101% | $5.7M | $16.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9610 | −0.101% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9610 | −0.101% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9600 | −0.135% | $4.8M | $12.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9620 | −0.067% | $6.9M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9610 | −0.101% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9645 | +0.016% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9651 | +0.038% | $564K | $459K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9590 | −0.169% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9630 | −0.034% | $104K | $150K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9592 | −0.163% | $23K | $130K | 10x | as long as short |
| Hyperliquid ICP | +0.0163% | 1h | 2.9637 | −0.010% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9640 | long leg | $1.2M | $2.2M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.607% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0535% / S −0.0528% | 1h | 2.9609 | −0.106% | $39K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0570% | 1h | 2.9630 | −0.033% | $520K | $601K | 50x | 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
Extended ICP-USD
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD