Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h +0.229%
Price spread now: Kraken Futures against Phemex+0.419%7-day average +0.205% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.092%+$209 on $10k
+Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.419%, 7d avg +0.205%
=The price spread pays, funding is against you. Kraken Futures is 0.214% dearer against Phemex than usual: you sell high and buy low (spread +0.419% now, against its 7-day average of +0.205%): +$21 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 4.6 days. Mind the row above: over the last 7 days funding on this pair paid +2.092%, 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 | Phemex ICPUSDT | 2.9580 | −0.0156 | get 0.0156% / 8h | 1h 15m | $1.8M | $678K | 50x |
| Short | Kraken Futures PF_ICPUSD | 2.9704 | −0.0312 | pay 0.0039% / 1h | 15m 10s | $526K | $652K | 50x |
Phemex ICPUSDT
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Phemex. 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
- −$32.74
- Price spread: +0.419% → +0.205%
- $21.39
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$33.35
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Kraken Futures: live order book, 28 min ago. Net counts fees only.
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 Phemex live order book, 3 min ago | 1.69 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 28 min ago | 5.10 bp | 13.4 bp −$13 | 35.6 bp −$356 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSDshort | −0.0312% | 1h | 2.9704 | +0.419% | $526K | $652K | 50x | |
| Phemex ICPUSDTlong | −0.0156% | 8h | 2.9580 | long leg | $1.8M | $678K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0020% | 1h | 2.9670 | +0.304% | $193 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0014% | 8h | 2.9600 | +0.067% | $1.1M | $133K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9659 | +0.267% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9671 | +0.309% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.287% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9693 | +0.382% | $140K | $495K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9684 | +0.350% | $274K | $1.1M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9654 | +0.250% | $134K | $9K | 5x | as long as short |
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 | 2.9673 | +0.315% | $29.1M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9640 | +0.203% | $17.3M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9660 | +0.270% | $5.8M | $15.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9650 | +0.237% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | +0.338% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9660 | +0.270% | $4.9M | $11.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9690 | +0.372% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9650 | +0.237% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9656 | +0.258% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9587 | +0.025% | $570K | $550K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.270% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9610 | +0.101% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9662 | +0.277% | $22K | $117K | 10x | as long as short |
| Hyperliquid ICP | +0.0113% | 1h | 2.9719 | +0.470% | $4.6M | $4.7M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9630 | +0.169% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9700 | +0.406% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0457% / S −0.0403% | 1h | 2.9671 | +0.306% | $33K | — | 100x | as long as short |
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
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]