Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.267%
Price spread now: Phemex against Binance+0.034%7-day average −0.139% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.443%−$244 on $10k
+Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.034%, 7d avg −0.139%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.174% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.139%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 2.9100 | 0.0100 | pay 0.0100% / 8h | 2h 28m | $28.5M | $48.8M | 75x |
| Short | Phemex ICPUSDT | 2.9110 | 0.0100 | get 0.0100% / 8h | 2h 28m | $1.7M | $702K | 50x |
Binance ICPUSDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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: +0.034% → −0.139%
- $17.35
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$4.65
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 14 min ago; Phemex: 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 Binance live order book, 14 min ago | 1.72 bp | 9.2 bp −$9 | 19.6 bp −$196 | 271.8 bp −$27.2K | doesn't fit |
| Sell Phemex live order book, 5 min ago | 1.72 bp | doesn't fit | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0368% | 1h | 2.9091 | −0.031% | $189 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0069% | 1h | 2.9094 | −0.020% | $481K | $644K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9103 | +0.009% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9102 | +0.007% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.942% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0057% | 8h | 2.9031 | −0.239% | $1.0M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9112 | +0.041% | $141K | $493K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9151 | +0.175% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9114 | +0.048% | $260K | $1.3M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9105 | +0.016% | $132K | $9K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDTlong | +0.0100% | 8h | 2.9100 | long leg | $28.5M | $48.8M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9080 | −0.069% | $17.0M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9100 | 0.000% | $5.6M | $14.7M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9110 | +0.034% | $1.8M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9110 | +0.034% | $17.9M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9100 | 0.000% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9130 | +0.103% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9120 | +0.069% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9072 | −0.095% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9054 | −0.158% | $559K | $499K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9080 | −0.069% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9090 | −0.034% | $102K | $117K | 20x | as long as short |
| Phemex ICPUSDTshort | +0.0100% | 8h | 2.9110 | +0.034% | $1.7M | $702K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9076 | −0.082% | $23K | $134K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9140 | +0.137% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9260 | +0.550% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9091 | −0.031% | $30K | — | 100x | as long as short |
Bybit ICPUSDT
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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]