Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.249%
Price spread now: Phemex against Bybit−0.033%7-day average −0.115% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.387%−$239 on $10k
+Price spread, last 4 days (all we have)−0.177%−$18 · spread now −0.033%, 7d avg −0.115%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ICPUSDT | 2.9900 | 0.0100 | pay 0.0100% / 8h | 5h 30m | $17.4M | $19.0M | 75x |
| Short | Phemex ICPUSDT | 2.9890 | 0.0100 | get 0.0100% / 8h | 5h 30m | $1.8M | $793K | 50x |
Bybit ICPUSDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $0
- Price spread: −0.033% → −0.115%
- $8.13
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$14.87
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 1.67 bp | 10.9 bp −$11 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.68 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0017% | 1h | 2.9908 | +0.027% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9914 | +0.047% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9911 | +0.038% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.786% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0065% | 8h | 2.9889 | −0.037% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9927 | +0.090% | $162K | $484K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9939 | +0.130% | $4.6M | $5.0M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9926 | +0.087% | $275K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9910 | +0.035% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9900 | 0.000% | $29.4M | $53.5M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid 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 ICPUSDTlong | +0.0100% | 8h | 2.9900 | long leg | $17.4M | $19.0M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9910 | +0.033% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9900 | 0.000% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9900 | 0.000% | $19.7M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9900 | 0.000% | $4.9M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9910 | +0.033% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9900 | 0.000% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9877 | −0.077% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9912 | +0.042% | $568K | $492K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9900 | 0.000% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9910 | +0.033% | $105K | $181K | 20x | as long as short |
| Phemex ICPUSDTshort | +0.0100% | 8h | 2.9890 | −0.033% | $1.8M | $793K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9897 | −0.011% | $23K | $126K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9930 | +0.100% | $1.3M | $2.2M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0293% | 1h | 2.9943 | +0.144% | $527K | $641K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9940 | +0.134% | $67K | $71K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 2.9908 | +0.025% | $37K | — | 100x | as long as short |
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]