Funding you earn now, next payment 22:00 UTC−0.0487%/8h= −53.3% APRpaid last 24h −0.104%
Price spread now: Bybit against GMX+0.023%51s7-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
The price spread pays, funding is against you. Bybit is 0.023% dearer against GMX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. The two prices were read 51 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 | GMX ICP/USD [WBTC.b-USDC] | 2.9703 | L +0.0432% / S −0.0367% | pay 0.0054% / 1h | 45m 31s | $31K | — | 100x |
| Short | Bybit ICPUSDT | 2.9710 | −0.0055 | pay 0.0055% / 8h | 2h 45m | $17.1M | $17.6M | 75x |
GMX ICP/USD [WBTC.b-USDC]
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$102.18
- Price spread: +0.023% → 0.000%
- $2.27
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$122.91
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.68 bp | 11.3 bp −$11 | 36.4 bp −$364 | 292.1 bp −$29.2K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1280% | 8h | 2.9670 | −0.112% | $1.7M | $781K | 50x | as long as short |
| Variational Omni ICP | −0.0275% | 8h | 2.9655 | −0.162% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.129% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0188% | 1h | 2.9697 | −0.021% | $265 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0125% | 8h | 2.9700 | −0.011% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDTshort | −0.0055% | 8h | 2.9710 | +0.023% | $17.1M | $17.6M | 75x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9725 | +0.074% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9698 | −0.017% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9763 | +0.201% | $166K | $442K | 5x | as long as short |
| OKX ICP-USDT-SWAP | +0.0097% | 8h | 2.9730 | +0.090% | $5.8M | $15.6M | 50x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
OKX ICP-USDT-SWAPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.0100% | 8h | 2.9730 | +0.089% | $189K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9738 | +0.116% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9730 | +0.090% | $28.9M | $48.6M | 75x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9730 | +0.090% | $19.6M | $8.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9730 | +0.090% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9730 | +0.090% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9720 | +0.056% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9672 | −0.104% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9663 | −0.136% | $568K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9670 | −0.112% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9600 | −0.348% | $105K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9723 | +0.066% | $24K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0149% | 1h | 2.9702 | −0.004% | $494K | $508K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9650 | −0.179% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9700 | −0.011% | $62K | $88K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0432% / S −0.0367% | 1h | 2.9703 | long leg | $31K | — | 100x | |
| Hyperliquid ICP | +0.0880% | 1h | 2.9799 | +0.321% | $4.8M | $4.9M | 5x | as long as short |
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
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
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP