ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0740%/8h= +81.0% APRnext payment +$0.92 per $10,000 · paid last 24h +0.133%

Price spread now: GMX against Kraken Futures−0.176%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. GMX is 0.176% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 19 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ICPUSD	2.9823	−0.0337	get 0.0042% / 1h	3m 09s	$528K	$589K	50x
Short	GMX ICP/USD [WBTC.b-USDC]	2.9770	L +0.0456% / S −0.0403%	get 0.0050% / 1h	3m 09s	$33K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.176%Rate

Funding earned: $155.32
Price spread: −0.176% → 0.000%: −$17.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $115.72
Costs to cover: 0.220%
Break-even: 1.8 days

Slippage unknown: Kraken Futures: live order book, 30 min ago; GMX: 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 Kraken Futures live order book, 30 min ago	6.79 bp	23.2 bp −$23	55.8 bp −$558	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0423%	8h	2.9710	−0.378%	$1.8M	$692K	50x	as long as short
Kraken Futures PF_ICPUSDlong	−0.0337%	1h	2.9823	long leg	$528K	$589K	50x
Variational Omni ICP	−0.0161%	8h	2.9750	−0.243%	$1.1M	$143K	—	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0119%	1h	2.9770	−0.177%	$194	$439	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9790	−0.110%	$69K	$2K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0004%	1h	2.9773	−0.167%	$6K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.529%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9788	−0.116%	$136K	$491K	5x	as long as short
Bybit ICPUSDT	+0.0098%	8h	2.9760	−0.210%	$17.2M	$17.6M	75x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9787	−0.121%	$274K	$969K	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9789	−0.113%	$134K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9770	−0.177%	$29.0M	$47.7M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9770	−0.177%	$5.8M	$13.8M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9760	−0.210%	$1.9M	$2.8M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9780	−0.143%	$19.1M	$10.0M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9780	−0.143%	$5.0M	$11.2M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9790	−0.110%	$7.1M	$4.4M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9770	−0.177%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9766	−0.189%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9773	−0.168%	$565K	$580K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9770	−0.177%	$2K	$1.4M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9730	−0.311%	$104K	$117K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9772	−0.169%	$22K	$236K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9780	−0.143%	$1.3M	$2.4M	75x	as long as short
Hyperliquid ICP	+0.0311%	1h	2.9829	+0.021%	$4.6M	$4.5M	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0416%	1h	2.9830	+0.025%	$58K	$67K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]short	L +0.0456% / S −0.0403%	1h	2.9770	−0.176%	$33K	—	100x