Funding you earn now, next payment 00:00 UTC+0.0115%/8h= +12.6% APRnext payment +$1.15 per $10,000 · paid last 24h +0.021%
Price spread now: KuCoin against Gate−0.033%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$980.981% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days+0.045%+$5 · spread now −0.033%, 7d avg +0.014%
=Funding pays, the price is against you. KuCoin is 0.047% cheaper against Gate than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.014%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.069% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 3.0250 | −0.0015 | get 0.0015% / 8h | 19m 02s | $1.9M | $2.9M | 50x |
| Short | KuCoin ICPUSDTM | 3.0240 | 0.0100 | get 0.0100% / 8h | 19m 02s | $5.1M | $13.3M | 50x |
Gate ICP_USDT
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $24.15
- Price spread: −0.033% → +0.014%
- −$4.71
- Slippage, 4 orders
- −$71.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$78.62
- Costs to cover
- 0.981%
- Break-even
- 29.8 days
Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 5 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 Gate live order book, 4 min ago | 1.65 bp | 18.1 bp −$18 | 40.0 bp −$400 | 66.4 bp −$6,638 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 1.65 bp | 32.5 bp −$32 | 83.0 bp −$830 | 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 | −0.1381% | 8h | 3.0330 | +0.264% | $1.8M | $765K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0312% | 1h | 3.0253 | +0.010% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0122% | 8h | 3.0296 | +0.152% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDTlong | −0.0015% | 8h | 3.0250 | long leg | $1.9M | $2.9M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 3.0265 | +0.049% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0270 | +0.066% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.934% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0280 | +0.099% | $157K | $454K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0248 | −0.008% | $188K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0260 | +0.033% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 3.0244 | −0.021% | $29.9M | $51.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0240 | −0.033% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0240 | −0.033% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0250 | 0.000% | $19.2M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 3.0240 | −0.033% | $5.1M | $13.3M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0260 | +0.033% | $7.1M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0250 | 0.000% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0213 | −0.121% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0258 | +0.026% | $578K | $436K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0240 | −0.033% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0260 | +0.033% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0238 | −0.039% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0299 | +0.160% | $537K | $578K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0270 | +0.066% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.959% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0257% | 1h | 3.0301 | +0.168% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0265 | +0.051% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]