Funding you earn now, next payment 00:00 UTC−0.1430%/8h= −156.6% APRnext payment −$14.30 per $10,000 · paid last 24h −0.260%
Price spread now: Phemex against Gate−0.501%7-day average −0.132% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.283%−$228 on $10k
+Price spread, last 3 days (all we have)+0.303%+$30 · spread now −0.501%, 7d avg −0.132%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Phemex is 0.369% cheaper against Gate than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of −0.132%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 2.9950 | −0.0049 | get 0.0049% / 8h | 1h 11m | $1.9M | $2.8M | 50x |
| Short | Phemex ICPUSDT | 2.9800 | −0.1479 | pay 0.1479% / 8h | 1h 11m | $1.7M | $771K | 50x |
Gate ICP_USDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- −$300.32
- Price spread: −0.501% → −0.132%
- −$36.91
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$364.22
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 1 min ago; Phemex: live order book, 1 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 Gate live order book, 1 min ago | 3.34 bp | 18.6 bp −$19 | 44.7 bp −$447 | 70.0 bp −$6,997 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.68 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDTshort | −0.1479% | 8h | 2.9800 | −0.501% | $1.7M | $771K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0283% | 1h | 2.9977 | +0.090% | $267 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0159% | 8h | 2.9981 | +0.104% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.952% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTlong | −0.0049% | 8h | 2.9950 | long leg | $1.9M | $2.8M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9958 | +0.027% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9984 | +0.115% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9994 | +0.147% | $165K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9980 | +0.102% | $209K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9980 | +0.101% | $136K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9954 | +0.012% | $29.6M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9940 | −0.033% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9940 | −0.033% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9970 | +0.067% | $19.6M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | +0.033% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9960 | +0.033% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9950 | 0.000% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0000 | +0.167% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9987 | +0.123% | $574K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.067% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9900 | −0.167% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9968 | +0.060% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9910 | −0.134% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9984 | +0.115% | $486K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.267% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0506% / S −0.0480% | 1h | 2.9982 | +0.107% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0671% | 1h | 3.0003 | +0.177% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP