Funding you earn now, next payment 08:00 UTC−0.0152%/8h= −16.6% APRnext payment −$1.52 per $10,000 · paid last 24h +0.191%
Price spread now: Variational Omni against Phemex−0.456%7-day average +0.063% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.994%+$99 on $10k
+Price spread, last 3 days (all we have)+0.531%+$53 · spread now −0.456%, 7d avg +0.063%
=Together, before fees+1.525%+ Points / potential airdropVariational Omni: Active · farm board+$153 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.519% cheaper against Phemex than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.994%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 3.0660 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $1.8M | $777K | 50x |
| Short | Variational Omni ICP | 3.0520 | −0.0052 | pay 0.0052% / 8h | 7h 15m | $1.1M | $113K | — |
Phemex ICPUSDT
Variational Omni ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$31.91
- Price spread: −0.456% → +0.063%
- −$51.92
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$95.83
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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, 3 min ago | 1.64 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.35 bp | doesn't fit | 31.1 bp −$311 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0141% | 1h | 3.0678 | +0.059% | $273 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0120% | 1h | 3.0710 | +0.163% | $560K | $598K | 50x | as long as short |
| Variational Omni ICPshort | −0.0052% | 8h | 3.0520 | −0.456% | $1.1M | $113K | — | |
| dYdX ICP-USD | 0.0000% | 1h | 3.0659 | −0.004% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0684 | +0.077% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −3.245% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0705 | +0.147% | $175K | $480K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0693 | +0.109% | $339K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0676 | +0.053% | $139K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0669 | +0.030% | $30.7M | $52.6M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0670 | +0.033% | $18.2M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0660 | 0.000% | $6.2M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0670 | +0.033% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0670 | +0.033% | $19.9M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0660 | 0.000% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0680 | +0.065% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0670 | +0.033% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0470 | −0.618% | $24K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0476 | −0.599% | $578K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0670 | +0.033% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0620 | −0.130% | $107K | $239K | 20x | as long as short |
| Phemex ICPUSDTlong | +0.0100% | 8h | 3.0660 | long leg | $1.8M | $777K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 3.0678 | +0.058% | $23K | $129K | 10x | as long as short |
| Hyperliquid ICP | +0.0172% | 1h | 3.0710 | +0.163% | $4.8M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0680 | +0.065% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0610 | −0.163% | $63K | $66K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0513% / S −0.0480% | 1h | 3.0685 | +0.081% | $38K | — | 100x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]