Funding you earn now, next payment 04:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h −0.364%
Price spread now: Phemex against GMX−0.164%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 −$12 a day on $10k at the current rate, and Phemex is 0.164% cheaper against GMX than usual: you would sell low and buy high (−$16 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] | 2.9448 | L +0.0503% / S −0.0480% | pay 0.0063% / 1h | 46m 57s | $37K | — | 100x |
| Short | Phemex ICPUSDT | 2.9400 | 0.0100 | get 0.0100% / 8h | 4h 46m | $1.7M | $792K | 50x |
GMX ICP/USD [WBTC.b-USDC]
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$84.65
- Price spread: −0.164% → 0.000%
- −$16.42
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$125.06
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 3.39 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9445 | −0.012% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9411 | −0.127% | $262 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9442 | −0.022% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.736% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0092% | 8h | 2.9460 | +0.039% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9443 | −0.018% | $157K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9442 | −0.020% | $267K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9428 | −0.067% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9423 | −0.085% | $28.9M | $51.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9420 | −0.096% | $17.0M | $18.6M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
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 | 2.9420 | −0.096% | $5.6M | $16.5M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9410 | −0.130% | $1.8M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9430 | −0.062% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9420 | −0.096% | $4.8M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9430 | −0.062% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9420 | −0.096% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9449 | +0.001% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9442 | −0.021% | $569K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9430 | −0.062% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.028% | $103K | $176K | 20x | as long as short |
| Phemex ICPUSDTshort | +0.0100% | 8h | 2.9400 | −0.164% | $1.7M | $792K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9419 | −0.098% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9430 | −0.062% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.889% | $67K | $63K | 50x | as long as short |
| Hyperliquid ICP | +0.0374% | 1h | 2.9478 | +0.101% | $4.6M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0503% / S −0.0480% | 1h | 2.9448 | long leg | $37K | — | 100x | |
| Kraken Futures PF_ICPUSD | +0.0573% | 1h | 2.9447 | −0.005% | $517K | $625K | 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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
Kraken Futures PF_ICPUSD