Funding you earn now, next payment 04:00 UTC−0.0503%/8h= −55.1% APRnext payment −$0.63 per $10,000 · paid last 24h −0.213%
Price spread now: Deribit against GMX−0.003%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 2.9443 | L +0.0503% / S −0.0480% | pay 0.0063% / 1h | 48m 45s | $37K | — | 100x |
| Short | Deribit ICP_USDC-PERPETUAL | 2.9442 | 0 | get 0.0000% / 1h | 48m 45s | $262 | $464 | 50x |
GMX ICP/USD [WBTC.b-USDC]
Deribit ICP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$105.63
- Price spread: −0.003% → 0.000%
- −$0.31
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$124.94
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample | — | — | — | — | — |
GMX and Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9477 | +0.117% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUALshort | 0.0000% | 1h | 2.9442 | −0.003% | $262 | $464 | 50x | |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9444 | +0.004% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.754% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0092% | 8h | 2.9460 | +0.058% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9472 | +0.099% | $157K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9487 | +0.149% | $269K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9462 | +0.066% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9457 | +0.049% | $28.9M | $51.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9440 | −0.010% | $17.0M | $18.5M | 75x | as long as short |
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9450 | +0.024% | $5.6M | $16.5M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | +0.058% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | +0.024% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9450 | +0.024% | $4.8M | $12.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9460 | +0.058% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.010% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9598 | +0.528% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9593 | +0.511% | $572K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9450 | +0.024% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.058% | $103K | $176K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9440 | −0.010% | $1.7M | $792K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9449 | +0.021% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9460 | +0.058% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.907% | $67K | $63K | 50x | as long as short |
| Hyperliquid ICP | +0.0398% | 1h | 2.9497 | +0.184% | $4.5M | $4.9M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0503% / S −0.0480% | 1h | 2.9443 | long leg | $37K | — | 100x | |
| Kraken Futures PF_ICPUSD | +0.0573% | 1h | 2.9475 | +0.110% | $518K | $626K | 50x | as long as short |
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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
Kraken Futures PF_ICPUSD