ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0331%/8h= −36.3% APRnext payment −$0.41 per $10,000 · paid last 24h −0.078%

Price spread now: Pacifica against GMX+0.037%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Pacifica

What this pair did over the last

the charts below follow

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—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.037% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ICP/USD [WBTC.b-USDC]	2.9659	L +0.0431% / S −0.0367%	pay 0.0054% / 1h	48m 47s	$31K	—	100x
Short	Pacifica ICP	2.9670	0.0100	get 0.0013% / 1h	48m 47s	$134K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against GMX. 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 GMXbpFee PacificabpOrdersPrice spread, now +0.037%Rate

Funding earned: −$69.59
Price spread: +0.037% → 0.000%: $3.72
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$85.87
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Pacifica: live order book, 38 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 Pacifica live order book, 38 min ago	9.77 bp	21.1 bp −$21	doesn't fit	doesn't fit	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	−0.1295%	8h	2.9620	−0.133%	$1.7M	$780K	50x	as long as short
Variational Omni ICP	−0.0286%	8h	2.9615	−0.149%	$1.1M	$119K	—	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0256%	1h	2.9652	−0.025%	$264	$464	50x	as long as short
Injective ICP/USDC PERP	−0.0199%	1h	2.9675	+0.053%	$202	$148K	12x	as long as short
Gate ICP_USDT	−0.0135%	8h	2.9640	−0.065%	$1.9M	$2.7M	50x	as long as short
Bybit ICPUSDT	−0.0069%	8h	2.9650	−0.032%	$17.1M	$17.6M	75x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9670	+0.036%	$69K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	2.9668	+0.028%	$26K	—	150x	as long as short
OKX ICP-USDT-SWAP	+0.0091%	8h	2.9650	−0.032%	$5.8M	$15.6M	50x	as long as short
Lighter ICP	+0.0096%	1h	2.9696	+0.123%	$166K	$441K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ICPUSDT	+0.0100%	8h	2.9674	+0.051%	$188K	$1.6M	20x	as long as short
Pacifica ICPshort	+0.0100%	1h	2.9670	+0.037%	$134K	$11K	5x
Binance ICPUSDT	+0.0100%	8h	2.9660	+0.002%	$28.8M	$48.8M	75x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9660	+0.002%	$19.6M	$8.4M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9660	+0.002%	$5.3M	$12.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9660	+0.002%	$6.8M	$4.4M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9650	−0.032%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9601	−0.198%	$23K	$277K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9641	−0.063%	$568K	$491K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9640	−0.065%	$1K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9640	−0.065%	$106K	$220K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9647	−0.041%	$24K	$123K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0149%	1h	2.9669	+0.033%	$493K	$509K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9660	+0.002%	$1.2M	$2.2M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0232%	1h	2.9700	+0.137%	$62K	$88K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]long	L +0.0431% / S −0.0367%	1h	2.9659	long leg	$31K	—	100x
Hyperliquid ICP	+0.0812%	1h	2.9732	+0.245%	$4.8M	$4.9M	5x	as long as short