ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0081%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.062%

Price spread now: Coinbase International against GMX−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.030% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ICP/USD [WBTC.b-USDC]	2.9489	L +0.0433% / S −0.0367%	pay 0.0054% / 1h	20m 02s	$31K	—	100x
Short	Coinbase International ICP-PERP-INTX	2.9480	0.0352	get 0.0044% / 1h	20m 02s	$57K	$69K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$16.96
Price spread: −0.030% → 0.000%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$41.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

GMX and Coinbase International: 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
Kraken Futures PF_ICPUSD	−0.0058%	1h	2.9504	+0.052%	$526K	$596K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0021%	1h	2.9486	−0.010%	$192	$439	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9450	−0.133%	$69K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9482	−0.022%	$10K	—	150x	as long as short
Phemex ICPUSDT	+0.0009%	8h	2.9480	−0.030%	$1.8M	$787K	50x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.597%	$202	$200K	12x	as long as short
Variational Omni ICP	+0.0079%	8h	2.9430	−0.200%	$1.0M	$134K	—	as long as short
Lighter ICP	+0.0096%	1h	2.9480	−0.030%	$143K	$491K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9484	−0.017%	$4.6M	$4.8M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9463	−0.087%	$260K	$1.5M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9445	−0.150%	$133K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9457	−0.109%	$28.8M	$48.5M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9450	−0.132%	$17.1M	$17.4M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9450	−0.132%	$5.7M	$15.0M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9440	−0.166%	$1.9M	$2.8M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9480	−0.030%	$18.6M	$10.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9490	+0.004%	$4.9M	$12.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9470	−0.064%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9460	−0.098%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9412	−0.261%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9439	−0.168%	$559K	$484K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9470	−0.064%	$2K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9430	−0.200%	$103K	$116K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9477	−0.040%	$22K	$133K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9430	−0.200%	$1.2M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTXshort	+0.0352%	1h	2.9480	−0.030%	$57K	$69K	50x
GMX ICP/USD [WBTC.b-USDC]long	L +0.0433% / S −0.0367%	1h	2.9489	long leg	$31K	—	100x