Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h +0.084%
Price spread now: Bitget against Kraken Futures−0.079%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$630.634% of the position
Funding, last 7 days+0.394%+$39 on $10k
+Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.079%, 7d avg −0.035%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.044% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.394%, 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 | 3.0304 | 0.0171 | pay 0.0021% / 1h | 21m 03s | $537K | $578K | 50x |
| Short | Bitget ICPUSDT | 3.0280 | 0.0100 | get 0.0100% / 8h | 21m 03s | $7.1M | $4.7M | 50x |
Kraken Futures PF_ICPUSD
Bitget ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$14.96
- Price spread: −0.079% → −0.035%
- −$4.39
- Slippage, 4 orders
- −$41.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$82.8
- Costs to cover
- 0.634%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 57 min ago; Bitget: live order book, 2 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, 57 min ago | 3.33 bp | 20.0 bp −$20 | 46.5 bp −$465 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.65 bp | 13.7 bp −$14 | 43.5 bp −$435 | 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 | −0.1398% | 8h | 3.0330 | +0.086% | $1.8M | $765K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0477% | 1h | 3.0259 | −0.148% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0122% | 8h | 3.0296 | −0.026% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0018% | 8h | 3.0260 | −0.145% | $1.9M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0325 | +0.069% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0295 | −0.030% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.108% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0295 | −0.029% | $157K | $454K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0308 | +0.013% | $190K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0336 | +0.106% | $138K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
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 | 3.0257 | −0.156% | $29.9M | $51.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0270 | −0.112% | $18.0M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0250 | −0.178% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0280 | −0.079% | $19.3M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0260 | −0.145% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDTshort | +0.0100% | 8h | 3.0280 | −0.079% | $7.1M | $4.7M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 3.0280 | −0.079% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0213 | −0.299% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0258 | −0.152% | $578K | $436K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0300 | −0.013% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0310 | +0.020% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0264 | −0.131% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0171% | 1h | 3.0304 | long leg | $537K | $578K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0250 | −0.178% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.779% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0249% | 1h | 3.0326 | +0.073% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0301 | −0.008% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]