Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.191%
Price spread now: Phemex against Variational Omni+0.034%56s7-day average −0.059% · you sell dearer than you buy
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)−0.210%−$21 · spread now +0.034%, 7d avg −0.059%
=Together, before fees−1.204%+ Points / potential airdropVariational Omni: Active · farm board−$120 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.094% dearer against Variational Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.059%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ICP | 2.9990 | 0.0020 | pay 0.0020% / 8h | 6h 05m | $1.1M | $116K | — |
| Short | Phemex ICPUSDT | 3.0000 | 0.0012 | get 0.0012% / 8h | 6h 05m | $1.8M | $799K | 50x |
Variational Omni ICP
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Variational Omni. 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
- −$1.65
- Price spread: +0.034% → −0.059%
- $9.36
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$4.29
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phemex: 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 Variational Omni RFQ quote, 4 min ago | 4.39 bp | doesn't fit | 25.8 bp −$258 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.99 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ICP on 26 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 | −0.0017% | 1h | 2.9999 | +0.031% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0004 | +0.048% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0003 | +0.045% | $23K | — | 150x | as long as short |
| Phemex ICPUSDTshort | +0.0012% | 8h | 3.0000 | +0.034% | $1.8M | $799K | 50x | |
| Variational Omni ICPlong | +0.0020% | 8h | 2.9990 | long leg | $1.1M | $116K | — | |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.083% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0019 | +0.098% | $163K | $492K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0014 | +0.082% | $279K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9994 | +0.013% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0000 | +0.034% | $29.6M | $53.4M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9980 | −0.033% | $17.5M | $19.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9990 | +0.001% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9990 | +0.001% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9990 | +0.001% | $19.3M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9980 | −0.033% | $4.9M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0000 | +0.034% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0000 | +0.034% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0026 | +0.121% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9972 | −0.059% | $581K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9990 | +0.001% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9980 | −0.033% | $105K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9982 | −0.027% | $22K | $127K | 10x | as long as short |
| Hyperliquid ICP | +0.0129% | 1h | 3.0028 | +0.128% | $4.7M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0140 | +0.501% | $65K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0003 | +0.044% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0894% | 1h | 3.0043 | +0.178% | $544K | $609K | 50x | 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
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD