Funding you earn now, next payment 09:00 UTC+0.1324%/8h= +144.9% APRpaid last 24h +0.349%
Price spread now: GMX against Phemex+0.201%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and GMX is 0.201% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9560 | −0.0864 | get 0.0864% / 8h | 7h 56m | $1.8M | $687K | 50x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 2.9619 | L +0.0492% / S −0.0459% | get 0.0057% / 1h | 56m 35s | $36K | — | 100x |
Phemex ICPUSDT
GMX ICP/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $277.97
- Price spread: +0.201% → 0.000%
- $20.08
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $274.05
- Costs to cover
- 0.240%
- Break-even
- 0.1 days
Slippage unknown: Phemex: live order book, 2 min ago; GMX: no order-book sample. 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, 2 min ago | 10.17 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0864% | 8h | 2.9560 | long leg | $1.8M | $687K | 50x | |
| Kraken Futures PF_ICPUSD | −0.0338% | 1h | 2.9658 | +0.331% | $525K | $659K | 50x | as long as short |
| Variational Omni ICP | −0.0150% | 8h | 2.9521 | −0.132% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9603 | +0.145% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9624 | +0.217% | $193 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9623 | +0.212% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.355% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | +0.0070% | 8h | 2.9550 | −0.034% | $1.9M | $2.7M | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9581 | +0.071% | $138K | $485K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9611 | +0.173% | $4.5M | $4.6M | 5x | as long as short |
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Gate ICP_USDT
Lighter ICP
Hyperliquid ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.0100% | 8h | 2.9587 | +0.093% | $277K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9584 | +0.081% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9550 | −0.034% | $28.8M | $47.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9540 | −0.068% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9530 | −0.101% | $5.7M | $14.2M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9550 | −0.034% | $19.4M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9580 | +0.068% | $4.9M | $11.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9570 | +0.034% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9550 | −0.034% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9539 | −0.071% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9528 | −0.107% | $573K | $590K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9600 | +0.135% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9540 | −0.068% | $103K | $114K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9543 | −0.057% | $26K | $235K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9650 | +0.304% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.643% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | L +0.0492% / S −0.0459% | 1h | 2.9619 | +0.201% | $36K | — | 100x |
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit 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
Coinbase International ICP-PERP-INTX