Funding you earn now, next payment 00:00 UTC−0.0130%/8h= −14.2% APRnext payment −$1.30 per $10,000 · paid last 24h −0.012%
Price spread now: Gate against MEXC−0.033%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$480.482% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.033%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.028% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 3.0300 | 0.0100 | pay 0.0100% / 8h | 57m 11s | $19.5M | $8.9M | 50x |
| Short | Gate ICP_USDT | 3.0290 | −0.0030 | pay 0.0030% / 8h | 57m 11s | $2.0M | $2.8M | 50x |
MEXC ICP_USDT
Gate ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. 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
- −$27.3
- Price spread: −0.033% → −0.005%
- −$2.82
- Slippage, 4 orders
- −$33.2
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$78.32
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 6 min ago; Gate: live order book, 6 min ago.
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 MEXC live order book, 6 min ago | 1.66 bp | 3.6 bp −$4 | 10.8 bp −$108 | 68.6 bp −$6,858 | 146.6 bp −$73.3K |
| Sell Gate live order book, 6 min ago | 1.66 bp | 23.4 bp −$23 | 69.8 bp −$698 | 153.8 bp −$15.4K | doesn't fit |
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 | −0.1513% | 8h | 3.0110 | −0.627% | $1.8M | $767K | 50x | as long as short |
| Variational Omni ICP | −0.0145% | 8h | 3.0011 | −0.954% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDTshort | −0.0030% | 8h | 3.0290 | −0.033% | $2.0M | $2.8M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 3.0187 | −0.374% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0305 | +0.017% | $270 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0295 | −0.017% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.096% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0332 | +0.106% | $160K | $450K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0310 | +0.033% | $195K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0187 | −0.374% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
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 | 3.0292 | −0.027% | $30.0M | $50.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0300 | 0.000% | $17.6M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0320 | +0.066% | $6.0M | $16.4M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 3.0300 | long leg | $19.5M | $8.9M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0280 | −0.066% | $4.9M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0300 | 0.000% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0290 | −0.033% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0119 | −0.598% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0029 | −0.893% | $575K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0270 | −0.099% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0160 | −0.462% | $107K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0274 | −0.085% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0308 | +0.028% | $492K | $529K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0290 | −0.033% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0220 | −0.264% | $63K | $90K | 50x | as long as short |
| Hyperliquid ICP | +0.0334% | 1h | 3.0332 | +0.106% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0291 | −0.029% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
KuCoin ICPUSDTM
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
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]