Funding you earn now, next payment 23:00 UTC−0.0123%/8h= −13.4% APRpaid last 24h +0.091%
Price spread now: BingX against Kraken Futures−0.118%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$550.552% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 3 days (all we have)+0.225%+$23 · spread now −0.118%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and BingX is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.431%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 3.0025 | 0.0223 | pay 0.0028% / 1h | 5m 06s | $487K | $528K | 50x |
| Short | BingX ICP-USDT | 2.9990 | 0.0100 | get 0.0100% / 8h | 1h 05m | — | $4.9M | — |
Kraken Futures PF_ICPUSD
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$25.76
- Price spread: −0.118% → −0.066%
- −$5.24
- Slippage, 4 orders
- −$35.21
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$86.21
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 13 min ago; BingX: live order book, 9 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 Kraken Futures live order book, 13 min ago | 3.33 bp | 20.0 bp −$20 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell BingX live order book, 9 min ago | 1.67 bp | 7.8 bp −$8 | 12.6 bp −$126 | 42.0 bp −$4,200 | 457.5 bp −$228.8K |
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 | −0.1464% | 8h | 2.9820 | −0.684% | $1.7M | $768K | 50x | as long as short |
| Variational Omni ICP | −0.0154% | 8h | 2.9961 | −0.215% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.200% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0150% | 1h | 3.0009 | −0.055% | $267 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0045% | 8h | 3.0000 | −0.085% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0036 | +0.037% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0025 | −0.003% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0043 | +0.059% | $160K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0021 | −0.015% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0026 | +0.001% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
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 | 3.0011 | −0.049% | $29.7M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0000 | −0.085% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0000 | −0.085% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0010 | −0.051% | $19.6M | $8.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0000 | −0.085% | $5.1M | $12.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0020 | −0.018% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9990 | −0.118% | — | $4.9M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9956 | −0.232% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9971 | −0.182% | $574K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0010 | −0.051% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9910 | −0.384% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0004 | −0.071% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9990 | −0.118% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0223% | 1h | 3.0025 | long leg | $487K | $528K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.015% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0506% / S −0.0480% | 1h | 3.0011 | −0.048% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0654% | 1h | 3.0062 | +0.122% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP