ICP funding rates and arbitrage
Updated 2026-10-29 14:10 UTC
Best ICP arbitrage after every cost
No ICP pair nets a profit at this size right now.
At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry.
ICP funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| BloFin | ICP-USDT | 0.0172% | 8 h | +18.8% | +15.7% | $1.1M | 2026-10-29 16:00 |
| KuCoin | ICPUSDTM | 0.0100% | 8 h | +10.9% | +9.9% | $5.7M | 2026-10-29 16:00 |
| WhiteBIT | ICP_PERP | 0.0100% | 8 h | +10.9% | +11.1% | $5.8M | 2026-10-29 16:00 |
| Pacifica | ICP | 0.0013% | 1 h | +10.9% | +11.0% | $142.6K | 2026-10-29 15:00 |
| Bitget | ICPUSDT | 0.0100% | 8 h | +10.9% | +5.6% | $6.6M | 2026-10-29 16:00 |
| HTX | ICP-USDT | 0.0100% | 8 h | +10.9% | +11.1% | $65.9K | 2026-10-29 16:00 |
| BingX | ICP-USDT | 0.0100% | 8 h | +10.9% | +8.5% | $2.9M | 2026-10-29 16:00 |
| GRVT | ICP_USDT_Perp | 0.0100% | 8 h | +10.9% | +11.1% | $489.9K | 2026-10-29 16:00 |
| Aster | ICPUSDT | 0.0100% | 8 h | +10.9% | +6.0% | $255.6K | 2026-10-29 16:00 |
| Gate | ICP_USDT | 0.0100% | 8 h | +10.9% | +2.3% | $6.5M | 2026-10-29 16:00 |
| OKX | ICP-USDT-SWAP | 0.0098% | 8 h | +10.7% | +3.4% | $5.6M | 2026-10-29 16:00 |
| Bitfinex | tICPF0:USTF0 | 0.0094% | 8 h | +10.3% | — | $19.1K | 2026-10-29 16:00 |
| Bybit | ICPUSDT | 0.0066% | 8 h | +7.3% | +1.8% | $14.2M | 2026-10-29 16:00 |
| LBank | ICPUSDT | 0.0054% | 8 h | +5.9% | — | — | 2026-10-29 16:00 |
| Binance | ICPUSDT | 0.0054% | 8 h | +5.9% | +3.4% | $25.6M | 2026-10-29 16:00 |
| WOO X | PERP_ICP_USDT | 0.0052% | 8 h | +5.7% | +3.4% | $7.9K | 2026-10-29 16:00 |
| MEXC | ICP_USDT | 0.0051% | 8 h | +5.6% | +3.4% | $12.2M | 2026-10-29 16:00 |
| Extended | ICP-USD | 0.0006% | 1 h | +5.3% | +2.6% | $94.1K | 2026-10-29 15:00 |
| Bitunix | ICPUSDT | 0.0018% | 8 h | +2.0% | +3.0% | — | 2026-10-29 16:00 |
| Variational | ICP-PERP | 0.0008% | 8 h | +0.9% | — | $804.4K | 2026-10-29 16:00 |
| dYdX | ICP-USD | 0.0000% | 1 h | 0.0% | −0.0% | $51K | 2026-10-29 15:00 |
| TXFlow | ICP-USDC | -0.0008% | 1 h | −7.1% | — | $141.8K | 2026-10-29 14:00 |
| Hyperliquid | ICP | -0.0009% | 1 h | −8.2% | +3.5% | $3.4M | 2026-10-29 15:00 |
| Lighter | ICP | -0.0023% | 1 h | −20.1% | −2.4% | $152.7K | 2026-10-29 15:00 |
| Phemex | ICPUSDT | -0.0431% | 8 h | −47.2% | — | $1.7M | 2026-10-29 16:00 |
| Crypto.com | ICPUSD-PERP | -0.0075% | 1 h | −65.5% | +20.5% | $14.3K | 2026-10-29 15:00 |
| Kraken | PF_ICPUSD | -0.0147% | 1 h | −128.8% | +12.1% | $762.6K | 2026-10-29 15:00 |
Borrow ICP to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Bitget | 1.33% | — |
| Bybit | 1.85% | — |
| Binance | 21.32% | — |
| Gate | 28.10% | $120K |
Cost to enter $10,000 of ICP
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Kraken | PF_ICPUSD | 12.8 bp | order-book snapshot, 37 min old |
| dYdX | ICP-USD | 16.3 bp | order-book snapshot, 40 min old |
| MEXC | ICP_USDT | 1.9 bp | top of book only |
| Lighter | ICP | 3.7 bp | top of book only |
| Variational | ICP-PERP | 4.6 bp | top of book only |
| Extended | ICP-USD | 5.2 bp | top of book only |
| Aster | ICPUSDT | 5.9 bp | top of book only |
| BingX | ICP-USDT | 6.9 bp | top of book only |
| OKX | ICP-USDT-SWAP | 6.9 bp | top of book only |
| Binance | ICPUSDT | 6.9 bp | top of book only |
| Bybit | ICPUSDT | 7.4 bp | top of book only |
| Hyperliquid | ICP | 7.6 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
More on ICP
Questions
Is ICP funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no ICP pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.
Which exchange has the highest ICP funding rate?
BloFin at +18.8% a year (0.0172% every 8 h); the lowest is Kraken at −128.8%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.
The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you.