Funding you earn now, next payment 16:00 UTC+0.0689%/8h= +75.4% APRnext payment +$6.89 per $10,000 · paid last 24h +0.192%
Price spread now: BloFin against Phemex−0.098%7-day average +0.130% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.438%+$244 on $10k
+Price spread, last 5 days (all we have)+0.326%+$33 · spread now −0.098%, 7d avg +0.130%
=Funding pays, the price is against you. BloFin is 0.229% cheaper against Phemex than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.130%). If the spread goes back, that is −$23 on $10k: about 27 hours of funding at the current rate (+$21 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 3.0570 | −0.0605 | get 0.0605% / 8h | 6h 07m | $1.7M | $597K | 50x |
| Short | BloFin ICP-USDT | 3.0540 | 0.0084 | get 0.0084% / 8h | 6h 07m | $1.3M | $340K | 75x |
Phemex ICPUSDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $144.6
- Price spread: −0.098% → +0.130%
- −$22.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $97.74
- Costs to cover
- 0.240%
- Break-even
- 2.3 days
Slippage unknown: Phemex: live order book, 4 min ago; BloFin: live order book, 3 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, 4 min ago | 6.51 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 3.26 bp | 14.4 bp −$14 | 24.1 bp −$241 | 81.6 bp −$8,161 | doesn't fit |
ICP on 27 exchanges
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 | −0.0605% | 8h | 3.0570 | long leg | $1.7M | $597K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0567% | 1h | 3.0557 | −0.043% | $10K | $10K | 50x | as long as short |
| Extended ICP-USD | −0.0040% | 1h | 3.0556 | −0.047% | $21K | $263K | 10x | as long as short |
| Binance ICPUSDT | −0.0040% | 8h | 3.0530 | −0.131% | $29.4M | $42.0M | 75x | as long as short |
| MEXC ICP_USDT | −0.0036% | 8h | 3.0530 | −0.131% | $19.6M | $7.4M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0579 | +0.031% | $72K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 3.0686 | +0.380% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9475 | −3.582% | $197 | $117K | 12x | as long as short |
| Gate ICP_USDT | +0.0070% | 8h | 3.0550 | −0.065% | $2.0M | $1.8M | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0084% | 8h | 3.0540 | −0.098% | $1.3M | $340K | 75x |
Deribit ICP_USDC-PERPETUAL
Extended ICP-USD
Binance ICPUSDT
MEXC ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Gate ICP_USDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ICP | +0.0096% | 1h | 3.0590 | +0.065% | $124K | $205K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0540 | −0.098% | $138K | $763K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0565 | −0.016% | $137K | $9K | 5x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0550 | −0.065% | $19.3M | $14.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0530 | −0.131% | $6.3M | $11.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0580 | +0.033% | $5.8M | $10.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0570 | 0.000% | $7.8M | $3.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0570 | 0.000% | — | $3.7M | — | as long as short |
| Variational Omni ICP | +0.0100% | 8h | 3.0704 | +0.439% | $1.1M | $115K | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0653 | +0.272% | $23K | $339K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0644 | +0.244% | $579K | $484K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0540 | −0.098% | $2K | $1.1M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0530 | −0.131% | $107K | $75K | 20x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0209% | 1h | 3.0598 | +0.091% | $573K | $460K | 50x | as long as short |
| Hyperliquid ICP | +0.0267% | 1h | 3.0607 | +0.121% | $5.3M | $2.8M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0633% / S −0.0800% | 1h | 3.0588 | +0.060% | $121K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0640% | 1h | 3.0680 | +0.360% | $74K | $48K | 50x | as long as short |
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Bybit ICPUSDT
OKX ICP-USDT-SWAP
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
Variational Omni ICP
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Kraken Futures PF_ICPUSD
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX