ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.032%

Price spread now: OKX against BloFin−0.068%113s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as 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−$490.492% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.300%−$30 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.068%, 7d avg −0.028%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.040% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 113 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	2.9380	0.0220	pay 0.0220% / 8h	1h 29m	$1.2M	$2.4M	75x
Short	OKX ICP-USDT-SWAP	2.9360	0.0100	get 0.0100% / 8h	1h 29m	$5.7M	$14.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OKXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$25.2
Price spread: −0.068% → −0.028%: −$4.03
Slippage, 4 orders: −$27.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.42
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago	3.41 bp	12.7 bp −$13	16.5 bp −$165	64.7 bp −$6,467	doesn't fit
Sell OKX live order book, 4 min ago	1.70 bp	10.5 bp −$10	33.0 bp −$330	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_ICPUSD	−0.0315%	1h	2.9391	+0.036%	$521K	$648K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0125%	1h	2.9358	−0.075%	$191	$439	50x	as long as short
Phemex ICPUSDT	−0.0063%	8h	2.9380	0.000%	$1.8M	$677K	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9383	+0.009%	$68K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9383	+0.011%	$10K	—	150x	as long as short
Variational Omni ICP	+0.0006%	8h	2.9340	−0.137%	$1.0M	$133K	—	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.970%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9407	+0.092%	$139K	$495K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9416	+0.123%	$4.5M	$4.8M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9398	+0.063%	$261K	$1.1M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9403	+0.078%	$133K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9380	−0.002%	$28.7M	$48.4M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9360	−0.068%	$17.1M	$17.9M	75x	as long as short
OKX ICP-USDT-SWAPshort	+0.0100%	8h	2.9360	−0.068%	$5.7M	$14.9M	50x
Gate ICP_USDT	+0.0100%	8h	2.9380	0.000%	$1.9M	$2.8M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9390	+0.034%	$18.7M	$9.9M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9390	+0.034%	$4.8M	$12.0M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9390	+0.034%	$6.9M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9380	0.000%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9352	−0.094%	$23K	$280K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9364	−0.056%	$566K	$550K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9360	−0.068%	$1K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9340	−0.136%	$102K	$112K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9370	−0.035%	$22K	$117K	10x	as long as short
BloFin ICP-USDTlong	+0.0220%	8h	2.9380	long leg	$1.2M	$2.4M	75x
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9490	+0.374%	$57K	$68K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0410% / S −0.0331%	1h	2.9374	−0.019%	$29K	—	100x	as long as short