Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.247%
Price spread now: Phemex against gTrade (Gains Network)−0.009%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ICP/USD | 2.9473 | L +0.0006% / S −0.0002% | pay 0.0001% / 1h | 17m 56s | $10K | — | 150x |
| Short | Phemex ICPUSDT | 2.9470 | 0.0016 | get 0.0016% / 8h | 3h 17m | $1.8M | $787K | 50x |
gTrade (Gains Network) ICP/USD
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against gTrade (Gains Network). 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
- $2.2
- Price spread: −0.009% → 0.000%
- −$0.88
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$20.68
- Costs to cover
- 0.220%
- Break-even
- 72.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 3.40 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0123% | 1h | 2.9477 | +0.015% | $192 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9493 | +0.070% | $525K | $596K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9422 | −0.170% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USDlong | L +0.0006% / S −0.0002% | 1h | 2.9473 | long leg | $10K | — | 150x | |
| Phemex ICPUSDTshort | +0.0016% | 8h | 2.9470 | −0.009% | $1.8M | $787K | 50x | |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.653% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0079% | 8h | 2.9430 | −0.145% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9491 | +0.062% | $143K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9511 | +0.130% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9494 | +0.072% | $265K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Injective ICP/USDC PERP
Variational Omni ICP
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 | 2.9446 | −0.090% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9500 | +0.093% | $28.9M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | +0.025% | $17.1M | $17.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9480 | +0.025% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | −0.043% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9480 | +0.025% | $18.6M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9470 | −0.009% | $4.9M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9490 | +0.059% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9490 | +0.059% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9417 | −0.189% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9433 | −0.135% | $559K | $484K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9430 | −0.145% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9400 | −0.246% | $103K | $116K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9470 | −0.008% | $22K | $133K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9440 | −0.111% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9480 | +0.025% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9471 | −0.005% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
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]