Funding you earn now, next payment 04:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.088%
Price spread now: BingX against GMX−0.112%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$10 a day on $10k at the current rate, and BingX is 0.112% cheaper against GMX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 2.9703 | L +0.0434% / S −0.0367% | pay 0.0054% / 1h | 2m 14s | $31K | — | 100x |
| Short | BingX ICP-USDT | 2.9670 | 0.0100 | get 0.0100% / 8h | 4h 02m | — | $5.8M | — |
GMX ICP/USD [WBTC.b-USDC]
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against GMX. 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
- −$70.24
- Price spread: −0.112% → 0.000%
- −$11.17
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$103.41
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 8 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 GMX no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 8 min ago | 1.69 bp | 12.2 bp −$12 | 17.2 bp −$172 | 65.4 bp −$6,539 | 455.5 bp −$227.7K |
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 | −0.0221% | 1h | 2.9692 | −0.038% | $265 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0027% | 8h | 2.9640 | −0.213% | $1.8M | $791K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9669 | −0.114% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9696 | −0.024% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.129% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0085% | 8h | 2.9600 | −0.348% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9716 | +0.043% | $158K | $487K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9712 | +0.030% | $4.6M | $4.9M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9697 | −0.021% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9670 | −0.113% | $134K | $10K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid 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 | 2.9680 | −0.078% | $29.2M | $50.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9670 | −0.112% | $17.2M | $18.2M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9690 | −0.044% | $5.7M | $15.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9690 | −0.044% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | −0.078% | $19.7M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9690 | −0.044% | $4.9M | $12.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9700 | −0.011% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9670 | −0.112% | — | $5.8M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9606 | −0.329% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9641 | −0.208% | $569K | $458K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9660 | −0.145% | $1K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9660 | −0.145% | $104K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9671 | −0.107% | $23K | $126K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9620 | −0.280% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.023% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0434% / S −0.0367% | 1h | 2.9703 | long leg | $31K | — | 100x | |
| Kraken Futures PF_ICPUSD | +0.0568% | 1h | 2.9714 | +0.037% | $533K | $617K | 50x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Kraken Futures PF_ICPUSD