ICP funding rates and arbitrage
Updated 2026-11-11 22:52 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 |
|---|---|---|---|---|---|---|---|
| Pacifica | ICP | 0.0013% | 1 h | +10.9% | +11.0% | $118.1K | 2026-11-11 23:00 |
| Bybit | ICPUSDT | 0.0100% | 8 h | +10.9% | +6.7% | $12.1M | 2026-11-12 00:00 |
| WhiteBIT | ICP_PERP | 0.0100% | 8 h | +10.9% | +11.0% | $5.2M | 2026-11-12 00:00 |
| HTX | ICP-USDT | 0.0100% | 8 h | +10.9% | +15.6% | $63.9K | 2026-11-12 00:00 |
| BingX | ICP-USDT | 0.0100% | 8 h | +10.9% | +9.8% | $1.8M | 2026-11-12 00:00 |
| Aster | ICPUSDT | 0.0100% | 8 h | +10.9% | +9.0% | $146.3K | 2026-11-12 00:00 |
| Hyperliquid | ICP | 0.0013% | 1 h | +10.9% | +2.3% | $2.6M | 2026-11-11 23:00 |
| Lighter | ICP | 0.0012% | 1 h | +10.5% | +9.8% | $285.4K | 2026-11-11 23:00 |
| Bitget | ICPUSDT | 0.0068% | 8 h | +7.4% | +8.9% | $6.5M | 2026-11-12 00:00 |
| Gate | ICP_USDT | 0.0057% | 8 h | +6.2% | +3.0% | $5M | 2026-11-12 00:00 |
| Variational | ICP-PERP | 0.0055% | 8 h | +6.0% | +12.7% | $418.2K | 2026-11-12 00:00 |
| KuCoin | ICPUSDTM | 0.0030% | 8 h | +3.3% | +9.5% | $4.9M | 2026-11-12 00:00 |
| Bitfinex | tICPF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $382 | 2026-11-12 00:00 |
| dYdX | ICP-USD | 0.0000% | 1 h | 0.0% | +0.0% | $50.6K | 2026-11-11 23:00 |
| BloFin | ICP-USDT | -0.0073% | 8 h | −7.9% | +24.6% | $1M | 2026-11-12 00:00 |
| Binance | ICPUSDT | -0.0102% | 8 h | −11.2% | +7.8% | $21.8M | 2026-11-12 00:00 |
| LBank | ICPUSDT | -0.0104% | 8 h | −11.4% | +12.7% | — | 2026-11-12 00:00 |
| MEXC | ICP_USDT | -0.0104% | 8 h | −11.4% | +7.7% | $8.6M | 2026-11-12 00:00 |
| GRVT | ICP_USDT_Perp | -0.0104% | 8 h | −11.4% | +8.0% | $489.1K | 2026-11-12 00:00 |
| Extended | ICP-USD | -0.0013% | 1 h | −11.4% | +8.0% | $34.6K | 2026-11-11 23:00 |
| WOO X | PERP_ICP_USDT | -0.0104% | 8 h | −11.4% | +7.7% | $10.1K | 2026-11-12 00:00 |
| Bitunix | ICPUSDT | -0.0111% | 8 h | −12.2% | +7.8% | — | 2026-11-12 00:00 |
| TXFlow | ICP-USDC | -0.0016% | 1 h | −13.8% | — | $24.9K | 2026-11-11 23:00 |
| OKX | ICP-USDT-SWAP | -0.0161% | 8 h | −17.6% | +1.4% | $6.1M | 2026-11-12 00:00 |
| Kraken | PF_ICPUSD | -0.0039% | 1 h | −34.1% | −15.8% | $484.3K | 2026-11-11 23:00 |
| Crypto.com | ICPUSD-PERP | -0.0091% | 1 h | −79.8% | +1.6% | $17K | 2026-11-11 23:00 |
| Phemex | ICPUSDT | -0.1064% | 8 h | −116.5% | — | $1.7M | 2026-11-12 00:00 |
Borrow ICP to sell spot
| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Bybit | 1.46% | — |
| Bitget | 2.51% | — |
| Binance | 22.55% | — |
| Gate | 27.96% | $120K |
Cost to enter $10,000 of ICP
| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | ICP_USDT | 1.9 bp | live order book |
| Lighter | ICP | 7.1 bp | live order book |
| BingX | ICP-USDT | 10.1 bp | live order book |
| Bybit | ICPUSDT | 10.2 bp | live order book |
| Hyperliquid | ICP | 10.5 bp | live order book |
| GRVT | ICP_USDT_Perp | 11.3 bp | live order book |
| Bitget | ICPUSDT | 12.0 bp | live order book |
| Binance | ICPUSDT | 12.6 bp | live order book |
| OKX | ICP-USDT-SWAP | 13.8 bp | live order book |
| KuCoin | ICPUSDTM | 15.0 bp | live order book |
| BloFin | ICP-USDT | 15.5 bp | live order book |
| Kraken | PF_ICPUSD | 17.4 bp | order-book snapshot, 119 min old |
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?
Pacifica at +10.9% a year (0.0013% every 1 h); the lowest is Phemex at −116.5%. 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.