ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0401%/8h= −43.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.095%

Price spread now: Kraken Futures against Coinbase International+0.220%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.750%−$75 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.220% dearer against Coinbase International than usual: you sell high and buy low (spread +0.220% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ICP-PERP-INTX	3.0450	0.0280	pay 0.0035% / 1h	4m 39s	$63K	$66K	50x
Short	Kraken Futures PF_ICPUSD	3.0517	−0.0121	pay 0.0015% / 1h	4m 39s	$553K	$603K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.220%Rate

Funding earned: −$84.24
Price spread: +0.220% → 0.000%: $22.03
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$82.21
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

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 Coinbase International no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 3 min ago	6.53 bp	15.5 bp −$15	38.7 bp −$387	doesn't fit	doesn't fit

Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0121%	1h	3.0517	+0.220%	$553K	$603K	50x
Variational Omni ICP	−0.0046%	8h	3.0409	−0.133%	$1.1M	$113K	—	as long as short
dYdX ICP-USD	0.0000%	1h	3.0479	+0.095%	$71K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	3.0466	+0.053%	$272	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	3.0463	+0.044%	$23K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−2.578%	$202	$200K	12x	as long as short
Phemex ICPUSDT	+0.0060%	8h	3.0440	−0.033%	$1.8M	$783K	50x	as long as short
Lighter ICP	+0.0096%	1h	3.0533	+0.273%	$171K	$484K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0493	+0.141%	$336K	$1.6M	20x	as long as short
Pacifica ICP	+0.0100%	1h	3.0502	+0.172%	$138K	$11K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	3.0446	−0.012%	$30.5M	$52.9M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	3.0490	+0.131%	$18.2M	$18.6M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	3.0480	+0.099%	$6.2M	$16.9M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	3.0480	+0.099%	$2.0M	$3.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0490	+0.131%	$19.7M	$9.8M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	3.0480	+0.099%	$5.1M	$13.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0500	+0.164%	$7.2M	$4.8M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0470	+0.066%	—	$5.8M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0544	+0.309%	$24K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0619	+0.554%	$581K	$467K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	3.0460	+0.033%	$1K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	3.0460	+0.033%	$107K	$239K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	3.0480	+0.100%	$22K	$131K	10x	as long as short
Hyperliquid ICP	+0.0215%	1h	3.0547	+0.319%	$4.7M	$4.9M	5x	as long as short
BloFin ICP-USDT	+0.0220%	8h	3.0450	0.000%	$1.3M	$2.3M	75x	as long as short
Coinbase International ICP-PERP-INTXlong	+0.0280%	1h	3.0450	long leg	$63K	$66K	50x
GMX ICP/USD [WBTC.b-USDC]	L +0.0511% / S −0.0480%	1h	3.0465	+0.049%	$38K	—	100x	as long as short