Funding you earn now, next payment 00:00 UTC+0.0440%/8h= +48.2% APRpaid last 24h +0.053%
Price spread now: GMX against KuCoin+0.150%7-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
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and GMX is 0.150% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ICPUSDTM | 3.0400 | 0.0100 | pay 0.0100% / 8h | 43m 10s | $5.2M | $13.1M | 50x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 3.0446 | L +0.0548% / S −0.0540% | get 0.0067% / 1h | 43m 10s | $41K | — | 100x |
KuCoin ICPUSDTM
GMX ICP/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. 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
- $92.4
- Price spread: +0.150% → 0.000%
- $15.01
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $83.4
- Costs to cover
- 0.240%
- Break-even
- 0.7 days
Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago | 1.64 bp | 28.1 bp −$28 | 92.8 bp −$928 | 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 | −0.1593% | 8h | 3.0380 | −0.066% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0374% | 1h | 3.0427 | +0.089% | $271 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0149% | 8h | 3.0421 | +0.070% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0032% | 8h | 3.0410 | +0.033% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0515 | +0.378% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0455 | +0.180% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.418% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0452 | +0.171% | $159K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0459 | +0.195% | $219K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0500 | +0.330% | $138K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0413 | +0.043% | $30.1M | $51.3M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0410 | +0.033% | $18.1M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0400 | 0.000% | $6.2M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0410 | +0.033% | $19.3M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 3.0400 | long leg | $5.2M | $13.1M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0440 | +0.132% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0410 | +0.033% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0460 | +0.196% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0494 | +0.310% | $584K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0410 | +0.033% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0440 | +0.132% | $108K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0424 | +0.079% | $26K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0170% | 1h | 3.0468 | +0.222% | $541K | $579K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0400 | 0.000% | $1.3M | $2.3M | 75x | as long as short |
| Hyperliquid ICP | +0.0234% | 1h | 3.0471 | +0.233% | $4.8M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.461% | $64K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | L +0.0548% / S −0.0540% | 1h | 3.0446 | +0.150% | $41K | — | 100x |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
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
Hyperliquid ICP
Coinbase International ICP-PERP-INTX