Funding you earn now, next payment 08:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.86 per $10,000 · paid last 24h +0.276%
Price spread now: BingX against Phemex+0.169%7-day average +0.134% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.484%+$248 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.169%, 7d avg +0.134%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.035% dearer against Phemex than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9620 | 0.0014 | pay 0.0014% / 8h | 4h 14m | $1.8M | $791K | 50x |
| Short | BingX ICP-USDT | 2.9670 | 0.0100 | get 0.0100% / 8h | 4h 14m | — | $5.8M | — |
Phemex ICPUSDT
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phemex. 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
- $17.99
- Price spread: +0.169% → +0.134%
- $3.49
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$0.52
- Costs to cover
- 0.220%
- Break-even
- 7.2 days
Slippage unknown: Phemex: live order book, 3 min ago; BingX: 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 Phemex live order book, 3 min ago | 5.07 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 3.38 bp | 9.3 bp −$9 | 17.3 bp −$173 | 64.6 bp −$6,463 | 464.2 bp −$232.1K |
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 | −0.0053% | 1h | 2.9667 | +0.159% | $264 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9636 | +0.056% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9671 | +0.173% | $22K | — | 150x | as long as short |
| Phemex ICPUSDTlong | +0.0014% | 8h | 2.9620 | long leg | $1.8M | $791K | 50x | |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.152% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0090% | 8h | 2.9620 | −0.001% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9681 | +0.206% | $157K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9666 | +0.156% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9642 | +0.075% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9662 | +0.141% | $29.1M | $50.5M | 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
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9650 | +0.101% | $17.2M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9660 | +0.135% | $5.7M | $16.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9660 | +0.135% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9670 | +0.169% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9660 | +0.135% | $4.8M | $12.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9670 | +0.169% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9670 | +0.169% | — | $5.8M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9627 | +0.022% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9634 | +0.048% | $564K | $459K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.135% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.135% | $104K | $137K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9662 | +0.142% | $23K | $126K | 10x | as long as short |
| Hyperliquid ICP | +0.0142% | 1h | 2.9685 | +0.219% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9610 | −0.034% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.675% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0435% / S −0.0367% | 1h | 2.9681 | +0.205% | $31K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0569% | 1h | 2.9675 | +0.186% | $521K | $601K | 50x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD