Funding you earn now, next payment 00:00 UTC+0.1390%/8h= +152.2% APRnext payment +$13.90 per $10,000 · paid last 24h +0.281%
Price spread now: Bitget against Phemex+0.101%7-day average +0.174% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.410%+$241 on $10k
+Price spread, last 3 days (all we have)+0.091%+$9 · spread now +0.101%, 7d avg +0.174%
=Funding pays, the price is against you. Bitget is 0.073% cheaper against Phemex than usual: you would sell low and buy high (spread +0.101% now, against its 7-day average of +0.174%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$42 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9640 | −0.1290 | get 0.1290% / 8h | 2h 47m | $1.7M | $780K | 50x |
| Short | Bitget ICPUSDT | 2.9670 | 0.0100 | get 0.0100% / 8h | 2h 47m | $6.8M | $4.4M | 50x |
Phemex ICPUSDT
Bitget ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $291.94
- Price spread: +0.101% → +0.174%
- −$7.33
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $260.62
- Costs to cover
- 0.240%
- Break-even
- 0.8 days
Slippage unknown: Phemex: live order book, 6 min ago; Bitget: live order book, 6 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, 6 min ago | 1.69 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 1.69 bp | 14.0 bp −$14 | 29.2 bp −$292 | 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 ICPUSDTlong | −0.1290% | 8h | 2.9640 | long leg | $1.7M | $780K | 50x | |
| Variational Omni ICP | −0.0286% | 8h | 2.9615 | −0.084% | $1.1M | $119K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0255% | 1h | 2.9681 | +0.138% | $265 | $464 | 50x | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9675 | +0.118% | $202 | $148K | 12x | as long as short |
| Gate ICP_USDT | −0.0131% | 8h | 2.9660 | +0.067% | $1.9M | $2.7M | 50x | as long as short |
| Bybit ICPUSDT | −0.0066% | 8h | 2.9660 | +0.067% | $17.1M | $17.6M | 75x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9670 | +0.101% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9679 | +0.132% | $26K | — | 150x | as long as short |
| OKX ICP-USDT-SWAP | +0.0091% | 8h | 2.9660 | +0.067% | $5.8M | $15.6M | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9704 | +0.216% | $166K | $441K | 5x | as long as short |
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
Injective ICP/USDC PERP
Gate ICP_USDT
Bybit ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
OKX ICP-USDT-SWAP
Lighter ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.0100% | 8h | 2.9693 | +0.178% | $188K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9689 | +0.164% | $134K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9671 | +0.103% | $28.8M | $48.8M | 75x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9670 | +0.101% | $19.6M | $8.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9680 | +0.135% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDTshort | +0.0100% | 8h | 2.9670 | +0.101% | $6.8M | $4.4M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9601 | −0.133% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9641 | +0.002% | $568K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.067% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.067% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9667 | +0.091% | $24K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0149% | 1h | 2.9688 | +0.162% | $494K | $509K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9660 | +0.067% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9700 | +0.202% | $62K | $88K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9684 | +0.148% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0840% | 1h | 2.9750 | +0.371% | $4.8M | $4.9M | 5x | as long as short |
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
MEXC ICP_USDT
KuCoin ICPUSDTM
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
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP