ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0412%/8h= −45.1% APRnext payment −$4.12 per $10,000 · paid last 24h −0.295%

Price spread now: Phemex against BloFin−0.471%59s7-day average −0.140% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−2.681%−$268 on $10k

Price spread, last 4 days (all we have)+0.373%+$37 · spread now −0.471%, 7d avg −0.140%

Together, before fees−2.308%−$231 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.331% cheaper against BloFin than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.140%). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ICP-USDT	2.9720	0.0220	pay 0.0220% / 8h	1h 06m	$1.3M	$2.4M	75x
Short	Phemex ICPUSDT	2.9580	−0.0192	pay 0.0192% / 8h	1h 06m	$1.8M	$680K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhemexbpOrdersPrice spread, now −0.471%Rate

Funding earned: −$86.46
Price spread: −0.471% → −0.140%: −$33.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$143.55
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 2 min ago; Phemex: live order book, 2 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 BloFin live order book, 2 min ago	1.68 bp	13.0 bp −$13	20.2 bp −$202	77.5 bp −$7,751	doesn't fit
Sell Phemex live order book, 2 min ago	3.38 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
Kraken Futures PF_ICPUSD	−0.0312%	1h	2.9730	+0.032%	$526K	$651K	50x	as long as short
Phemex ICPUSDTshort	−0.0192%	8h	2.9580	−0.471%	$1.8M	$680K	50x
Deribit ICP_USDC-PERPETUAL	−0.0053%	1h	2.9689	−0.104%	$193	$439	50x	as long as short
Variational Omni ICP	−0.0026%	8h	2.9630	−0.304%	$1.1M	$133K	—	as long as short
dYdX ICP-USD	0.0000%	1h	2.9714	−0.020%	$69K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9717	−0.011%	$10K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.185%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9712	−0.027%	$139K	$496K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9724	+0.013%	$281K	$1.0M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9699	−0.071%	$134K	$9K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	2.9703	−0.057%	$29.1M	$48.4M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9680	−0.135%	$17.3M	$17.8M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9690	−0.101%	$5.8M	$15.1M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9710	−0.034%	$1.9M	$2.9M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9720	0.000%	$19.1M	$10.0M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9700	−0.067%	$4.9M	$11.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9710	−0.034%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9690	−0.101%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9683	−0.125%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9677	−0.144%	$564K	$558K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9710	−0.034%	$2K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9720	0.000%	$104K	$112K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9694	−0.086%	$22K	$117K	10x	as long as short
Hyperliquid ICP	+0.0121%	1h	2.9755	+0.118%	$4.6M	$4.6M	5x	as long as short
BloFin ICP-USDTlong	+0.0220%	8h	2.9720	long leg	$1.3M	$2.4M	75x
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9680	−0.135%	$58K	$69K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0457% / S −0.0403%	1h	2.9718	−0.008%	$33K	—	100x	as long as short