Funding you earn now, next payment 00:00 UTC+0.1512%/8h= +165.6% APRnext payment +$15.12 per $10,000 · paid last 24h +0.272%
Price spread now: MEXC against Phemex+0.606%7-day average +0.152% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.398%+$240 on $10k
+Price spread, last 3 days (all we have)−0.344%−$34 · spread now +0.606%, 7d avg +0.152%
=Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and MEXC is 0.454% dearer against Phemex than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.152%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9690 | −0.1412 | get 0.1412% / 8h | 2h 22m | $1.7M | $779K | 50x |
| Short | MEXC ICP_USDT | 2.9870 | 0.0100 | get 0.0100% / 8h | 2h 22m | $19.2M | $8.5M | 50x |
Phemex ICPUSDT
MEXC ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $317.55
- Price spread: +0.606% → +0.152%
- $45.41
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $350.97
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 6 min ago; MEXC: 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, 6 min ago | 1.69 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.67 bp | 2.8 bp −$3 | 11.2 bp −$112 | 63.8 bp −$6,380 | 125.8 bp −$62.9K |
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 | −0.1412% | 8h | 2.9690 | long leg | $1.7M | $779K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0285% | 1h | 2.9880 | +0.640% | $266 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0245% | 8h | 2.9864 | +0.586% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.084% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0096% | 8h | 2.9850 | +0.539% | $1.9M | $2.7M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9889 | +0.670% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9876 | +0.628% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0011% | 8h | 2.9870 | +0.606% | $17.2M | $17.6M | 75x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9878 | +0.632% | $188K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9883 | +0.650% | $135K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9876 | +0.625% | $29.1M | $48.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9860 | +0.573% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDTshort | +0.0100% | 8h | 2.9870 | +0.606% | $19.2M | $8.5M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9870 | +0.606% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9880 | +0.640% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9870 | +0.606% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9855 | +0.556% | $23K | $276K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9854 | +0.553% | $572K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9870 | +0.606% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9770 | +0.269% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9873 | +0.617% | $24K | $123K | 10x | as long as short |
| Lighter ICP | +0.0144% | 1h | 2.9906 | +0.728% | $167K | $442K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0147% | 1h | 2.9909 | +0.738% | $490K | $517K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9880 | +0.640% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9890 | +0.674% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0534% / S −0.0529% | 1h | 2.9877 | +0.631% | $40K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0875% | 1h | 2.9932 | +0.815% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Lighter ICP
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP