ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.019%

Price spread now: BloFin against KuCoin+0.872%545s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$830.835% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.271%+$27 on $10k

Price spread, last 3 days (all we have)−0.960%−$96 · spread now +0.872%, 7d avg −0.038%

Together, before fees−0.688%−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.910% dearer against KuCoin than usual: you sell high and buy low: +$91 more if the spread goes back to its 7-day average of −0.038%. The two prices were read 545 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ICPUSDTM	2.9800	0.0100	pay 0.0100% / 8h	6h 40m	$5.0M	$13.5M	50x
Short	BloFin ICP-USDT	3.0060	0.0220	get 0.0220% / 8h	6h 40m	$1.3M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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 KuCoinbpFee BloFinbpOrdersPrice spread, now +0.872%Rate

Funding earned: $25.2
Price spread: +0.872% → −0.038%: $91.02
Slippage, 4 orders: −$59.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $32.74
Costs to cover: 0.835%
Break-even: from the start

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 13 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 KuCoin live order book, 4 min ago	3.33 bp	33.8 bp −$34	95.4 bp −$954	doesn't fit	doesn't fit
Sell BloFin live order book, 13 min ago	6.65 bp	14.2 bp −$14	27.2 bp −$272	109.8 bp −$11.0K	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
Variational Omni ICP	−0.0018%	8h	2.9860	+0.203%	$1.1M	$118K	—	as long as short
dYdX ICP-USD	0.0000%	1h	2.9831	+0.104%	$69K	$4K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9804	+0.013%	$266	$464	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9753	−0.156%	$22K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.453%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9862	+0.208%	$163K	$490K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9786	−0.048%	$297K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9826	+0.088%	$135K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9826	+0.089%	$29.7M	$54.2M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9820	+0.067%	$17.6M	$19.1M	75x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9810	+0.034%	$5.8M	$17.2M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9820	+0.067%	$1.9M	$3.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9840	+0.134%	$19.0M	$10.0M	50x	as long as short
KuCoin ICPUSDTMlong	+0.0100%	8h	2.9800	long leg	$5.0M	$13.5M	50x
Bitget ICPUSDT	+0.0100%	8h	2.9830	+0.101%	$7.0M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9820	+0.067%	—	$6.1M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0051	+0.842%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9985	+0.621%	$569K	$477K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9790	−0.034%	$2K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9830	+0.101%	$104K	$240K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	2.9890	+0.302%	$1.8M	$792K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9773	−0.089%	$22K	$131K	10x	as long as short
BloFin ICP-USDTshort	+0.0220%	8h	3.0060	+0.872%	$1.3M	$2.3M	75x
Coinbase International ICP-PERP-INTX	+0.0256%	1h	3.0080	+0.940%	$65K	$75K	50x	as long as short
Hyperliquid ICP	+0.0373%	1h	2.9859	+0.198%	$4.7M	$5.2M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0507% / S −0.0480%	1h	2.9745	−0.186%	$37K	—	100x	as long as short
Kraken Futures PF_ICPUSD	+0.0899%	1h	2.9857	+0.192%	$541K	$617K	50x	as long as short