Funding you earn now, next payment 08:00 UTC+0.0203%/8h= +22.3% APRnext payment +$2.03 per $10,000 · paid last 24h +0.276%
Price spread now: KuCoin against Phemex−0.034%7-day average +0.178% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.409%+$241 on $10k
+Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.034%, 7d avg +0.178%
=Funding pays, the price is against you. KuCoin is 0.212% cheaper against Phemex than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.178%). If the spread goes back, that is −$21 on $10k: about 3.5 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+2.409% in total) that is about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9460 | −0.0103 | get 0.0103% / 8h | 1h 43m | $1.8M | $677K | 50x |
| Short | KuCoin ICPUSDTM | 2.9450 | 0.0100 | get 0.0100% / 8h | 1h 43m | $4.8M | $12.1M | 50x |
Phemex ICPUSDT
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $42.69
- Price spread: −0.034% → +0.178%
- −$21.22
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2.52
- Costs to cover
- 0.240%
- Break-even
- 7.4 days
Slippage unknown: Phemex: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 5.09 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 3.40 bp | 29.5 bp −$29 | 75.5 bp −$755 | 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_ICPUSD | −0.0314% | 1h | 2.9479 | +0.065% | $522K | $663K | 50x | as long as short |
| Phemex ICPUSDTlong | −0.0103% | 8h | 2.9460 | long leg | $1.8M | $677K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0055% | 1h | 2.9459 | −0.003% | $192 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9449 | −0.037% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9480 | +0.068% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0029% | 8h | 2.9370 | −0.306% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.696% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9434 | −0.088% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9488 | +0.095% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9457 | −0.010% | $262K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
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 | 2.9462 | +0.006% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9440 | −0.068% | $28.8M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9430 | −0.102% | $17.2M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9430 | −0.102% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9440 | −0.068% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9440 | −0.068% | $18.8M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9450 | −0.034% | $4.8M | $12.1M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9450 | −0.034% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.068% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9434 | −0.088% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9429 | −0.106% | $562K | $537K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | 0.000% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9380 | −0.272% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9436 | −0.081% | $23K | $127K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9410 | −0.170% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9490 | +0.102% | $57K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0411% / S −0.0331% | 1h | 2.9482 | +0.075% | $29K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
Bitget ICPUSDT
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
GMX ICP/USD [WBTC.b-USDC]