ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.030%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.061%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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 0.061% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ICP/USD	2.9482	L +0.0006% / S −0.0002%	pay 0.0001% / 1h	15m 46s	$10K	—	150x
Short	Kraken Futures PF_ICPUSD	2.9500	−0.0058	pay 0.0007% / 1h	15m 46s	$525K	$596K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$13.4
Price spread: +0.061% → 0.000%: $6.07
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$27.33
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 37 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 37 min ago	6.74 bp	17.8 bp −$18	36.6 bp −$366	doesn't fit	doesn't fit

gTrade (Gains Network): 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
Deribit ICP_USDC-PERPETUAL	−0.0123%	1h	2.9467	−0.052%	$192	$439	50x	as long as short
Kraken Futures PF_ICPUSDshort	−0.0058%	1h	2.9500	+0.061%	$525K	$596K	50x
dYdX ICP-USD	0.0000%	1h	2.9482	−0.001%	$69K	$3K	5x	as long as short
Phemex ICPUSDT	+0.0006%	8h	2.9470	−0.042%	$1.8M	$787K	50x	as long as short
gTrade (Gains Network) ICP/USDlong	L +0.0006% / S −0.0002%	1h	2.9482	long leg	$10K	—	150x
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.620%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0074%	8h	2.9450	−0.110%	$1.0M	$134K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9494	+0.040%	$143K	$491K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9503	+0.070%	$4.6M	$4.8M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9495	+0.042%	$265K	$1.5M	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	2.9474	−0.029%	$134K	$10K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9470	−0.042%	$28.8M	$48.4M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9460	−0.076%	$17.1M	$17.4M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9470	−0.042%	$5.7M	$15.0M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9470	−0.042%	$1.9M	$2.9M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9470	−0.042%	$18.6M	$10.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9470	−0.042%	$4.9M	$12.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9490	+0.026%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9480	−0.008%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9417	−0.222%	$23K	$280K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9433	−0.168%	$559K	$484K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9460	−0.076%	$2K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9470	−0.042%	$103K	$116K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9453	−0.099%	$22K	$133K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9470	−0.042%	$1.2M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0352%	1h	2.9530	+0.162%	$57K	$69K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0433% / S −0.0367%	1h	2.9473	−0.030%	$31K	—	100x	as long as short