Funding you earn now, next payment 00:00 UTC−0.1512%/8h= −165.6% APRnext payment −$15.12 per $10,000 · paid last 24h −0.272%
Price spread now: Phemex against MEXC−0.603%50s7-day average −0.152% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.398%−$240 on $10k
+Price spread, last 3 days (all we have)+0.340%+$34 · spread now −0.603%, 7d avg −0.152%
=Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and Phemex is 0.450% cheaper against MEXC than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.152%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 2.9870 | 0.0100 | pay 0.0100% / 8h | 2h 22m | $19.2M | $8.5M | 50x |
| Short | Phemex ICPUSDT | 2.9690 | −0.1412 | pay 0.1412% / 8h | 2h 22m | $1.7M | $779K | 50x |
MEXC ICP_USDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$317.55
- Price spread: −0.603% → −0.152%
- −$45.05
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$374.6
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 1 min ago; 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 MEXC live order book, 1 min ago | 1.67 bp | 4.5 bp −$4 | 12.1 bp −$121 | 69.8 bp −$6,975 | 129.1 bp −$64.6K |
| Sell Phemex live order book, 1 min ago | 3.37 bp | doesn't fit | doesn't fit | doesn't fit | 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 ICPUSDTshort | −0.1412% | 8h | 2.9690 | −0.603% | $1.7M | $779K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0285% | 1h | 2.9880 | +0.033% | $266 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0245% | 8h | 2.9864 | −0.020% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.686% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0094% | 8h | 2.9850 | −0.067% | $1.9M | $2.7M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9889 | +0.063% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9886 | +0.055% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0013% | 8h | 2.9860 | −0.033% | $17.2M | $17.6M | 75x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9878 | +0.028% | $188K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9883 | +0.044% | $135K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
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 | 2.9875 | +0.017% | $29.1M | $48.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9870 | 0.000% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 2.9870 | long leg | $19.2M | $8.5M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9880 | +0.033% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9880 | +0.033% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9870 | 0.000% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9855 | −0.050% | $23K | $276K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9854 | −0.053% | $572K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9870 | 0.000% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9770 | −0.335% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9872 | +0.006% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0144% | 1h | 2.9906 | +0.121% | $167K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0147% | 1h | 2.9909 | +0.131% | $490K | $517K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9880 | +0.033% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9890 | +0.067% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0534% / S −0.0529% | 1h | 2.9880 | +0.035% | $40K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0875% | 1h | 2.9939 | +0.229% | $4.7M | $5.0M | 5x | as long as short |
Binance 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
Lighter ICP
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP