Funding you earn now, next payment 00:00 UTC+0.1318%/8h= +144.4% APRnext payment +$13.18 per $10,000 · paid last 24h +0.255%
Price spread now: Bybit against Phemex+0.538%7-day average +0.120% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.338%+$234 on $10k
+Price spread, last 3 days (all we have)−0.293%−$29 · spread now +0.538%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Bybit is 0.417% dearer against Phemex than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.120%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9750 | −0.1248 | get 0.1248% / 8h | 1h 42m | $1.7M | $777K | 50x |
| Short | Bybit ICPUSDT | 2.9910 | 0.0070 | get 0.0070% / 8h | 1h 42m | $17.3M | $17.8M | 75x |
Phemex ICPUSDT
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $276.85
- Price spread: +0.538% → +0.120%
- $41.74
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $295.59
- Costs to cover
- 0.230%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 5 min ago; Bybit: 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 Phemex live order book, 5 min ago | 3.37 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.67 bp | 12.3 bp −$12 | 21.2 bp −$212 | 160.0 bp −$16.0K | 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 | −0.1248% | 8h | 2.9750 | long leg | $1.7M | $777K | 50x | |
| Variational Omni ICP | −0.0204% | 8h | 2.9852 | +0.343% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.286% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0097% | 8h | 2.9890 | +0.471% | $1.9M | $2.7M | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0084% | 1h | 2.9893 | +0.481% | $266 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9878 | +0.430% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9896 | +0.492% | $27K | — | 150x | as long as short |
| Bybit ICPUSDTshort | +0.0070% | 8h | 2.9910 | +0.538% | $17.3M | $17.8M | 75x | |
| Lighter ICP | +0.0096% | 1h | 2.9919 | +0.568% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9923 | +0.582% | $185K | $1.4M | 20x | as long as short |
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
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 | 2.9896 | +0.490% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9918 | +0.565% | $29.6M | $49.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9920 | +0.571% | $5.9M | $15.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9920 | +0.571% | $19.3M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9920 | +0.571% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9930 | +0.605% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9920 | +0.571% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9859 | +0.367% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9865 | +0.387% | $571K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9890 | +0.471% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9850 | +0.336% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9901 | +0.509% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9890 | +0.471% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9924 | +0.585% | $490K | $513K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9920 | +0.571% | $63K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9892 | +0.479% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0623% | 1h | 2.9960 | +0.707% | $4.7M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP