Funding you earn now, next payment 04:00 UTC+0.0380%/8h= +41.6% APRpaid last 24h +0.076%
Price spread now: GMX against Binance+0.086%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and GMX is 0.086% dearer against Binance than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 2.9500 | 0.0100 | pay 0.0100% / 8h | 4h 51m | $29.0M | $52.0M | 75x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 2.9525 | L +0.0504% / S −0.0480% | get 0.0060% / 1h | 51m 44s | $37K | — | 100x |
Binance ICPUSDT
GMX ICP/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- $79.79
- Price spread: +0.086% → 0.000%
- $8.61
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $66.41
- Costs to cover
- 0.220%
- Break-even
- 1.2 days
Slippage unknown: Binance: live order book, 5 min ago; GMX: no order-book sample. 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 Binance live order book, 5 min ago | 1.69 bp | 10.2 bp −$10 | 21.5 bp −$215 | 302.5 bp −$30.3K | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0089% | 1h | 2.9521 | +0.072% | $263 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9515 | +0.051% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9532 | +0.110% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.560% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0091% | 8h | 2.9655 | +0.526% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9516 | +0.055% | $158K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9536 | +0.122% | $269K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9497 | −0.008% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDTlong | +0.0100% | 8h | 2.9500 | long leg | $29.0M | $52.0M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | −0.067% | $17.1M | $18.6M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9510 | +0.035% | $5.6M | $16.6M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9490 | −0.033% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9490 | −0.033% | $19.9M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9480 | −0.067% | $4.8M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9500 | +0.001% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.033% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9633 | +0.450% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9637 | +0.466% | $573K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9500 | +0.001% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.033% | $103K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9500 | +0.001% | $1.7M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9501 | +0.005% | $22K | $127K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9610 | +0.374% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.712% | $67K | $65K | 50x | as long as short |
| Hyperliquid ICP | +0.0357% | 1h | 2.9530 | +0.102% | $4.5M | $4.9M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | L +0.0504% / S −0.0480% | 1h | 2.9525 | +0.086% | $37K | — | 100x | |
| Kraken Futures PF_ICPUSD | +0.0571% | 1h | 2.9544 | +0.149% | $519K | $630K | 50x | as long as short |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
Kraken Futures PF_ICPUSD