Funding you earn now, next payment 05:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.058%
Price spread now: Kraken Futures against HTX+0.175%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1461.461% of the position
Funding, last 7 days−0.383%−$38 on $10k
+Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.175%, 7d avg +0.121%
=The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against HTX than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of +0.121%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 28 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ICP-USDT | 2.9360 | 0.0100 | pay 0.0100% / 8h | 3h 21m | $103K | $116K | 20x |
| Short | Kraken Futures PF_ICPUSD | 2.9412 | −0.0058 | pay 0.0007% / 1h | 21m 41s | $524K | $597K | 50x |
HTX ICP-USDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$33.21
- Price spread: +0.175% → +0.121%
- $5.48
- Slippage, 4 orders
- −$124.12
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$173.85
- Costs to cover
- 1.461%
- Break-even
- never at this rate
Slippage from HTX: live order book, 29 min ago; Kraken Futures: live order book, 31 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 HTX live order book, 29 min ago | 25.33 bp | 31.3 bp −$31 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 31 min ago | 6.74 bp | 17.8 bp −$18 | 36.6 bp −$366 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0158% | 1h | 2.9379 | +0.065% | $191 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSDshort | −0.0058% | 1h | 2.9412 | +0.175% | $524K | $597K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9425 | +0.220% | $68K | $3K | 5x | as long as short |
| Phemex ICPUSDT | +0.0002% | 8h | 2.9390 | +0.102% | $1.7M | $787K | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9392 | +0.110% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.039% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0081% | 8h | 2.9460 | +0.339% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9443 | +0.283% | $143K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9458 | +0.334% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9446 | +0.293% | $260K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
Phemex ICPUSDT
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9447 | +0.295% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9450 | +0.307% | $28.8M | $48.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9440 | +0.272% | $17.1M | $17.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9450 | +0.307% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9450 | +0.307% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9460 | +0.341% | $18.6M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9440 | +0.272% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9450 | +0.307% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9450 | +0.307% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9440 | +0.274% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9439 | +0.270% | $559K | $484K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9350 | −0.034% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDTlong | +0.0100% | 8h | 2.9360 | long leg | $103K | $116K | 20x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9442 | +0.278% | $22K | $133K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9430 | +0.238% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9390 | +0.102% | $60K | $66K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9385 | +0.087% | $30K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]