Funding you earn now, next payment 08:00 UTC−0.0216%/8h= −23.7% APRnext payment −$2.16 per $10,000 · paid last 24h −0.267%
Price spread now: Phemex against Binance+0.001%7-day average −0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.443%−$244 on $10k
+Price spread, last 4 days (all we have)−0.213%−$21 · spread now +0.001%, 7d avg −0.139%
=The price spread pays, funding is against you. Phemex is 0.140% dearer against Binance than usual: you sell high and buy low (spread +0.001% now, against its 7-day average of −0.139%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−2.443% in total) that is about 10 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 2.9460 | 0.0100 | pay 0.0100% / 8h | 1h 48m | $28.8M | $48.9M | 75x |
| Short | Phemex ICPUSDT | 2.9460 | −0.0116 | pay 0.0116% / 8h | 1h 48m | $1.8M | $677K | 50x |
Binance ICPUSDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- −$45.39
- Price spread: +0.001% → −0.139%
- $13.97
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$53.42
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 9 min ago; Phemex: live order book, 5 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 Binance live order book, 9 min ago | 1.70 bp | 9.7 bp −$10 | 21.3 bp −$213 | 260.1 bp −$26.0K | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.70 bp | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0314% | 1h | 2.9472 | +0.041% | $522K | $663K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0157% | 1h | 2.9455 | −0.016% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDTshort | −0.0116% | 8h | 2.9460 | +0.001% | $1.8M | $677K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9500 | +0.136% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9463 | +0.010% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0032% | 8h | 2.9415 | −0.152% | $1.0M | $132K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.696% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9463 | +0.011% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9496 | +0.123% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9477 | +0.058% | $262K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid 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 | 2.9495 | +0.121% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDTlong | +0.0100% | 8h | 2.9460 | long leg | $28.8M | $48.9M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9440 | −0.067% | $17.2M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9440 | −0.067% | $5.7M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | +0.001% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9460 | +0.001% | $18.8M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9470 | +0.035% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9480 | +0.068% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.001% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9400 | −0.205% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9428 | −0.108% | $566K | $524K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9480 | +0.068% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.001% | $103K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9452 | −0.025% | $23K | $127K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9420 | −0.135% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9650 | +0.646% | $58K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0411% / S −0.0331% | 1h | 2.9460 | 0.000% | $29K | — | 100x | as long as short |
Pacifica ICP
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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]