Funding you earn now, next payment 08:00 UTC−0.0203%/8h= −22.2% APRnext payment −$2.03 per $10,000 · paid last 24h −0.267%
Price spread now: Phemex against Binance−0.099%7-day average −0.152% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.443%−$244 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now −0.099%, 7d avg −0.152%
=The price spread pays, funding is against you. Phemex is 0.053% dearer against Binance than usual: you sell high and buy low (spread −0.099% now, against its 7-day average of −0.152%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−2.443% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 3.0370 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $30.3M | $52.8M | 75x |
| Short | Phemex ICPUSDT | 3.0340 | −0.0103 | pay 0.0103% / 8h | 7h 38m | $1.8M | $773K | 50x |
Binance ICPUSDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$42.57
- Price spread: −0.099% → −0.152%
- $5.35
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$59.22
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 3 min ago; Phemex: live order book, 4 min ago. 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, 3 min ago | 1.64 bp | 10.3 bp −$10 | 26.0 bp −$260 | 293.5 bp −$29.3K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.64 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0672% | 1h | 3.0342 | −0.092% | $270 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0122% | 1h | 3.0398 | +0.093% | $554K | $602K | 50x | as long as short |
| Phemex ICPUSDTshort | −0.0103% | 8h | 3.0340 | −0.099% | $1.8M | $773K | 50x | |
| Variational Omni ICP | −0.0086% | 8h | 3.0390 | +0.067% | $1.1M | $111K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0510 | +0.462% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0374 | +0.014% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.321% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0388 | +0.059% | $174K | $479K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0395 | +0.083% | $300K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0481 | +0.366% | $138K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDTlong | +0.0100% | 8h | 3.0370 | long leg | $30.3M | $52.8M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0360 | −0.033% | $18.1M | $18.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0370 | 0.000% | $6.2M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0370 | 0.000% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0360 | −0.033% | $19.3M | $9.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0360 | −0.033% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0370 | 0.000% | $7.1M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0360 | −0.033% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0416 | +0.151% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0459 | +0.292% | $589K | $471K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0370 | 0.000% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0360 | −0.033% | $106K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0342 | −0.091% | $22K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0167% | 1h | 3.0403 | +0.109% | $4.7M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0500 | +0.428% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0540 | +0.560% | $63K | $87K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0389 | +0.061% | $38K | — | 100x | as long as short |
Bybit ICPUSDT
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
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]