Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.249%
Price spread now: Bybit against Phemex+0.067%7-day average +0.118% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.387%+$239 on $10k
+Price spread, last 3 days (all we have)+0.085%+$8 · spread now +0.067%, 7d avg +0.118%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.051% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.118%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 3.0020 | 0.0100 | pay 0.0100% / 8h | 5h 56m | $1.8M | $797K | 50x |
| Short | Bybit ICPUSDT | 3.0040 | 0.0100 | get 0.0100% / 8h | 5h 56m | $17.5M | $18.9M | 75x |
Phemex ICPUSDT
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.067% → +0.118%
- −$5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.09
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 6.66 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.67 bp | 12.4 bp −$12 | 34.3 bp −$343 | 448.4 bp −$44.8K | doesn't fit |
ICP on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9987 | −0.108% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0056 | +0.120% | $268 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0053 | +0.111% | $23K | — | 150x | as long as short |
| Variational Omni ICP | +0.0029% | 8h | 2.9930 | −0.301% | $1.1M | $116K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.183% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0038 | +0.060% | $163K | $482K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 3.0092 | +0.240% | $4.6M | $5.0M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0046 | +0.087% | $287K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0008 | −0.039% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0058 | +0.128% | $29.6M | $53.0M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDTshort | +0.0100% | 8h | 3.0040 | +0.067% | $17.5M | $18.9M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0040 | +0.067% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0040 | +0.067% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0050 | +0.100% | $19.1M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0050 | +0.100% | $4.9M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0060 | +0.133% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0040 | +0.067% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9949 | −0.237% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9933 | −0.291% | $581K | $480K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0070 | +0.167% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0040 | +0.067% | $105K | $182K | 20x | as long as short |
| Phemex ICPUSDTlong | +0.0100% | 8h | 3.0020 | long leg | $1.8M | $797K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 3.0053 | +0.109% | $22K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0291% | 1h | 3.0084 | +0.212% | $545K | $610K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 3.0010 | −0.033% | $65K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0066 | +0.154% | $37K | — | 100x | as long as short |
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]