Funding you earn now, next payment 00:00 UTC+0.1813%/8h= +198.6% APRnext payment +$18.13 per $10,000 · paid last 24h +0.301%
Price spread now: BloFin against Phemex+0.461%7-day average +0.157% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.637%+$264 on $10k
+Price spread, last 3 days (all we have)−0.329%−$33 · spread now +0.461%, 7d avg +0.157%
=Both sides work for this trade now. Funding pays +$54 a day on $10k at the current rate, and BloFin is 0.304% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.157%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 3.0390 | −0.1593 | get 0.1593% / 8h | 44m 36s | $1.8M | $766K | 50x |
| Short | BloFin ICP-USDT | 3.0530 | 0.0220 | get 0.0220% / 8h | 44m 36s | $1.3M | $2.3M | 75x |
Phemex ICPUSDT
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $380.82
- Price spread: +0.461% → +0.157%
- $30.37
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $387.19
- Costs to cover
- 0.240%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 4 min ago; BloFin: 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 Phemex live order book, 4 min ago | 1.64 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 3.29 bp | 17.2 bp −$17 | 27.0 bp −$270 | 98.1 bp −$9,809 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDTlong | −0.1593% | 8h | 3.0390 | long leg | $1.8M | $766K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0242% | 1h | 3.0497 | +0.352% | $272 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0149% | 8h | 3.0421 | +0.103% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0033% | 8h | 3.0500 | +0.362% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0515 | +0.411% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0495 | +0.345% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.386% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0537 | +0.484% | $160K | $451K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0525 | +0.443% | $219K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0525 | +0.443% | $138K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0513 | +0.405% | $30.2M | $51.2M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0510 | +0.395% | $18.1M | $18.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0490 | +0.329% | $6.2M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0510 | +0.395% | $19.4M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0490 | +0.329% | $5.2M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0520 | +0.428% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0510 | +0.395% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0540 | +0.494% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0516 | +0.415% | $584K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0490 | +0.329% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0490 | +0.329% | $108K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0510 | +0.395% | $26K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0170% | 1h | 3.0537 | +0.485% | $542K | $580K | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 3.0530 | +0.461% | $1.3M | $2.3M | 75x | |
| Hyperliquid ICP | +0.0233% | 1h | 3.0559 | +0.556% | $4.8M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0480 | +0.296% | $64K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0548% / S −0.0540% | 1h | 3.0496 | +0.348% | $41K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
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
Kraken Futures PF_ICPUSD
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]