Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.267%
Price spread now: Binance against Phemex−0.040%52s7-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+2.443%+$244 on $10k
+Price spread, last 3 days (all we have)+0.239%+$24 · spread now −0.040%, 7d avg +0.152%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.192% cheaper against Phemex than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.152%. The two prices were read 52 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 | Phemex ICPUSDT | 3.0700 | 0.0100 | pay 0.0100% / 8h | 7h 13m | $1.8M | $777K | 50x |
| Short | Binance ICPUSDT | 3.0688 | 0.0100 | get 0.0100% / 8h | 7h 13m | $30.7M | $52.7M | 75x |
Phemex ICPUSDT
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: −0.040% → +0.152%
- −$19.24
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$41.24
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 5 min ago; Binance: live order book, 14 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 Phemex live order book, 5 min ago | 1.64 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.64 bp | 10.2 bp −$10 | 23.2 bp −$232 | 173.7 bp −$17.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0120% | 1h | 3.0722 | +0.072% | $560K | $598K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0108% | 1h | 3.0685 | −0.049% | $273 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0052% | 8h | 3.0520 | −0.585% | $1.1M | $113K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0690 | −0.032% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0694 | −0.020% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −3.371% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0731 | +0.101% | $172K | $484K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0720 | +0.065% | $339K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0701 | +0.002% | $139K | $11K | 5x | as long as short |
| Binance ICPUSDTshort | +0.0100% | 8h | 3.0688 | −0.040% | $30.7M | $52.7M | 75x |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0670 | −0.098% | $18.2M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0670 | −0.098% | $6.2M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0690 | −0.033% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0690 | −0.033% | $20.2M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0670 | −0.098% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0700 | 0.000% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0680 | −0.065% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0650 | −0.162% | $24K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0655 | −0.145% | $582K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0680 | −0.065% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0620 | −0.261% | $107K | $239K | 20x | as long as short |
| Phemex ICPUSDTlong | +0.0100% | 8h | 3.0700 | long leg | $1.8M | $777K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 3.0681 | −0.062% | $23K | $129K | 10x | as long as short |
| Hyperliquid ICP | +0.0176% | 1h | 3.0723 | +0.075% | $4.8M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0680 | −0.065% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0690 | −0.033% | $63K | $66K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0513% / S −0.0480% | 1h | 3.0686 | −0.046% | $38K | — | 100x | as long as short |
Bybit ICPUSDT
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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]