Funding you earn now, next payment 00:00 UTC+0.1386%/8h= +151.8% APRnext payment +$13.86 per $10,000 · paid last 24h +0.281%
Price spread now: BingX against Phemex+0.537%7-day average +0.142% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.441%+$244 on $10k
+Price spread, last 3 days (all we have)−0.351%−$35 · spread now +0.537%, 7d avg +0.142%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and BingX is 0.395% dearer against Phemex than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.142%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9790 | −0.1286 | get 0.1286% / 8h | 1h 38m | $1.7M | $776K | 50x |
| Short | BingX ICP-USDT | 2.9950 | 0.0100 | get 0.0100% / 8h | 1h 38m | — | $4.9M | — |
Phemex ICPUSDT
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $291.13
- Price spread: +0.537% → +0.142%
- $39.47
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $308.6
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 5 min ago; BingX: live order book, 12 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 | 3.37 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 1.68 bp | 8.9 bp −$9 | 13.1 bp −$131 | 42.7 bp −$4,270 | 431.1 bp −$215.5K |
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 ICPUSDTlong | −0.1286% | 8h | 2.9790 | long leg | $1.7M | $776K | 50x | |
| Variational Omni ICP | −0.0193% | 8h | 2.9912 | +0.408% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.420% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0099% | 8h | 2.9940 | +0.504% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9966 | +0.590% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9975 | +0.621% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9975 | +0.620% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0082% | 8h | 2.9960 | +0.571% | $17.4M | $17.8M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9998 | +0.698% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9994 | +0.686% | $186K | $1.4M | 20x | as long as short |
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9965 | +0.587% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9972 | +0.610% | $29.8M | $49.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9960 | +0.571% | $5.9M | $15.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9960 | +0.571% | $18.9M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9970 | +0.604% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9970 | +0.604% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9950 | +0.537% | — | $4.9M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9938 | +0.496% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9928 | +0.465% | $572K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.604% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | +0.470% | $107K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9973 | +0.616% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9910 | +0.403% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9990 | +0.672% | $491K | $522K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9970 | +0.604% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9968 | +0.599% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0675% | 1h | 3.0025 | +0.789% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP