ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0257%/8h= +28.2% APRnext payment +$0.32 per $10,000 · paid last 24h +0.142%

Price spread now: GMX against Kraken Futures−0.064%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

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

Funding pays, the price is against you. GMX is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.064% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 20 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ICPUSD	3.0005	0.0223	pay 0.0028% / 1h	23m 53s	$487K	$528K	50x
Short	GMX ICP/USD [WBTC.b-USDC]	2.9986	L +0.0505% / S −0.0480%	get 0.0060% / 1h	23m 53s	$37K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $54
Price spread: −0.064% → 0.000%: −$6.41
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $25.58
Costs to cover: 0.220%
Break-even: 3.7 days

Slippage unknown: Kraken Futures: live order book, 59 min ago; GMX: 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 Kraken Futures live order book, 59 min ago	8.36 bp	41.6 bp −$42	125.0 bp −$1,250	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Phemex ICPUSDT	−0.1407%	8h	2.9810	−0.649%	$1.7M	$774K	50x	as long as short
Variational Omni ICP	−0.0177%	8h	2.9941	−0.212%	$1.1M	$107K	—	as long as short
Injective ICP/USDC PERP	−0.0152%	1h	2.9665	−1.133%	$202	$200K	12x	as long as short
Gate ICP_USDT	−0.0071%	8h	2.9960	−0.150%	$1.9M	$2.8M	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0050%	1h	2.9977	−0.093%	$267	$464	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9997	−0.026%	$70K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	2.9990	−0.050%	$27K	—	150x	as long as short
Lighter ICP	+0.0096%	1h	3.0008	+0.010%	$166K	$443K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0011	+0.021%	$201K	$1.4M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9994	−0.037%	$136K	$11K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	2.9980	−0.082%	$29.6M	$50.2M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9970	−0.116%	$17.4M	$17.9M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9960	−0.150%	$5.9M	$16.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9980	−0.083%	$19.1M	$8.8M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9980	−0.083%	$5.1M	$13.0M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9980	−0.083%	$6.8M	$4.5M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9980	−0.083%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9937	−0.225%	$23K	$277K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9961	−0.147%	$574K	$480K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9970	−0.116%	$1K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9970	−0.116%	$107K	$219K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9983	−0.073%	$25K	$118K	10x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9930	−0.250%	$1.2M	$2.3M	75x	as long as short
Kraken Futures PF_ICPUSDlong	+0.0223%	1h	3.0005	long leg	$487K	$528K	50x
Coinbase International ICP-PERP-INTX	+0.0240%	1h	3.0030	+0.084%	$63K	$91K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]short	L +0.0505% / S −0.0480%	1h	2.9986	−0.064%	$37K	—	100x
Hyperliquid ICP	+0.0671%	1h	3.0028	+0.077%	$4.8M	$5.0M	5x	as long as short