# ICP funding rates and arbitrage

Updated 2026-10-29 18:35 UTC · https://afterfees.xyz/coin/ICP

## 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](https://afterfees.xyz/venues/blofin) | ICP-USDT | 0.0174% | 8 h | +19.1% | +17.0% | $1M | 2026-10-30 00:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | ICPUSDTM | 0.0100% | 8 h | +10.9% | +10.2% | $5.6M | 2026-10-30 00:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | ICP_PERP | 0.0100% | 8 h | +10.9% | +11.3% | $5.7M | 2026-10-30 00:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | ICP | 0.0013% | 1 h | +10.9% | +11.0% | $130K | 2026-10-29 19:00 |
| [OKX](https://afterfees.xyz/venues/okx) | ICP-USDT-SWAP | 0.0100% | 8 h | +10.9% | +4.1% | $5.4M | 2026-10-30 00:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | ICPUSDT | 0.0100% | 8 h | +10.9% | +6.2% | $6.3M | 2026-10-30 00:00 |
| [HTX](https://afterfees.xyz/venues/htx) | ICP-USDT | 0.0100% | 8 h | +10.9% | +11.3% | $65.1K | 2026-10-30 00:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | ICP-USDT | 0.0100% | 8 h | +10.9% | +9.2% | $3.3M | 2026-10-30 00:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | ICP_USDT_Perp | 0.0100% | 8 h | +10.9% | +11.3% | $487.6K | 2026-10-30 00:00 |
| [Aster](https://afterfees.xyz/venues/aster) | ICPUSDT | 0.0100% | 8 h | +10.9% | +7.2% | $246.9K | 2026-10-30 00:00 |
| [Gate](https://afterfees.xyz/venues/gate) | ICP_USDT | 0.0100% | 8 h | +10.9% | +2.9% | $6.6M | 2026-10-30 00:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | ICPUSDT | 0.0057% | 8 h | +6.3% | +4.1% | — | 2026-10-30 00:00 |
| [Extended](https://afterfees.xyz/venues/extended) | ICP-USD | 0.0007% | 1 h | +6.1% | +3.1% | $91.4K | 2026-10-29 19:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | ICPUSDT | 0.0054% | 8 h | +5.9% | — | — | 2026-10-30 00:00 |
| [Binance](https://afterfees.xyz/venues/binance) | ICPUSDT | 0.0054% | 8 h | +5.9% | +4.4% | $25.1M | 2026-10-30 00:00 |
| [Variational](https://afterfees.xyz/venues/variational) | ICP-PERP | 0.0053% | 8 h | +5.8% | — | $792K | 2026-10-30 00:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_ICP_USDT | 0.0053% | 8 h | +5.8% | +4.4% | $7.8K | 2026-10-30 00:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | ICP_USDT | 0.0052% | 8 h | +5.7% | +4.4% | $12.2M | 2026-10-30 00:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | ICP-USD | 0.0000% | 1 h | 0.0% | −0.0% | $50.2K | 2026-10-29 19:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | ICPUSDT | -0.0013% | 8 h | −1.4% | +2.9% | $13.8M | 2026-10-30 00:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | ICP | -0.0017% | 1 h | −14.5% | +3.9% | $3.4M | 2026-10-29 19:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tICPF0:USTF0 | -0.0251% | 8 h | −27.5% | — | $17.2K | 2026-10-30 00:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | ICP | -0.0034% | 1 h | −29.8% | −2.7% | $149.8K | 2026-10-29 19:00 |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | ICPUSD-PERP | -0.0039% | 1 h | −33.8% | +19.2% | $14.3K | 2026-10-29 19:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | ICP-USDC | -0.0046% | 1 h | −40.6% | — | $164.6K | 2026-10-29 19:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | ICPUSDT | -0.0410% | 8 h | −44.9% | — | $1.7M | 2026-10-30 00:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_ICPUSD | -0.0157% | 1 h | −137.2% | +10.6% | $722.1K | 2026-10-29 19:00 |

## Borrow ICP to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Bitget | 1.32% | — |
| Bybit | 1.83% | — |
| Binance | 21.20% | — |
| Gate | 28.07% | $120K |

## Cost to enter $10,000 of ICP

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Kraken | PF_ICPUSD | 15.2 bp | order-book snapshot, 3 min old |
| dYdX | ICP-USD | 35.6 bp | order-book snapshot, 6 min old |
| MEXC | ICP_USDT | 2.0 bp | top of book only |
| Lighter | ICP | 3.9 bp | top of book only |
| Variational | ICP-PERP | 4.7 bp | top of book only |
| Extended | ICP-USD | 5.2 bp | top of book only |
| Aster | ICPUSDT | 6.0 bp | top of book only |
| Binance | ICPUSDT | 7.0 bp | top of book only |
| OKX | ICP-USDT-SWAP | 7.0 bp | top of book only |
| BingX | ICP-USDT | 7.0 bp | top of book only |
| Bybit | ICPUSDT | 7.5 bp | top of book only |
| Hyperliquid | ICP | 7.9 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

- [Borrow ICP: rates on every exchange](https://afterfees.xyz/borrow/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 +19.1% a year (0.0174% every 8 h); the lowest is Kraken at −137.2%. 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._