ICE funding rates and arbitrage
Updated 2026-11-11 23:06 UTC
Best ICE arbitrage after every cost
No ICE 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.
ICE funding rate on every exchange
| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| Hyperliquid | xyz:ICE | 0.0599% | 1 h | +524.5% | +55.4% | $170.5K | 2026-11-12 00:00 |
| QFEX | ICE-USD | 0.0000% | 1 h | 0.0% | — | $2.2M | 2026-11-11 23:59 |
| MEXC | ICESTOCK_USDT | -0.0200% | 8 h | −21.9% | −3.4% | $63.6K | 2026-11-12 00:00 |
Cost to enter $10,000 of ICE
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | ICESTOCK_USDT | 43.7 bp | top of book only |
| Hyperliquid | xyz:ICE | 146.2 bp | top of book only |
Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees.
Questions
Is ICE funding-rate arbitrage profitable right now?
Not at $10,000 per side for 7 days: no ICE 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 ICE funding rate?
Hyperliquid at +524.5% a year (0.0599% every 1 h); the lowest is MEXC at −21.9%. 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.