Funding you earn now, next payment 16:00 UTC−0.0232%/8h= −25.4% APRnext payment −$2.32 per $10,000 · paid last 24h −0.224%
Price spread now: Phemex against Gate+0.172%7-day average −0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.271%−$227 on $10k
+Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.172%, 7d avg −0.127%
=The price spread pays, funding is against you. Phemex is 0.298% dearer against Gate than usual: you sell high and buy low (spread +0.172% now, against its 7-day average of −0.127%): +$30 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−2.271% in total) that is about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ICP_USDT | 2.9150 | 0.0100 | pay 0.0100% / 8h | 5h 27m | $1.9M | $2.7M | 50x |
| Short | Phemex ICPUSDT | 2.9200 | −0.0132 | pay 0.0132% / 8h | 5h 27m | $1.7M | $702K | 50x |
Gate ICP_USDT
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- −$48.65
- Price spread: +0.172% → −0.127%
- $29.83
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$45.82
- Costs to cover
- 0.270%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 min ago; Phemex: live order book, 4 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 Gate live order book, 3 min ago | 1.71 bp | 21.2 bp −$21 | 47.0 bp −$470 | 72.2 bp −$7,224 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.43 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | −0.0435% | 1h | 2.9164 | +0.048% | $190 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0146% | 8h | 2.9123 | −0.092% | $1.1M | $195K | — | as long as short |
| Phemex ICPUSDTshort | −0.0132% | 8h | 2.9200 | +0.172% | $1.7M | $702K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9181 | +0.108% | $67K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9171 | +0.072% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.767% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9177 | +0.093% | $135K | $454K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9171 | +0.073% | $250K | $892K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9172 | +0.075% | $132K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9164 | +0.048% | $28.2M | $47.4M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9140 | −0.034% | $16.9M | $17.1M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9150 | 0.000% | $5.7M | $12.7M | 50x | as long as short |
| Gate ICP_USDTlong | +0.0100% | 8h | 2.9150 | long leg | $1.9M | $2.7M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9160 | +0.034% | $18.2M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9170 | +0.069% | $4.9M | $10.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9180 | +0.103% | $6.9M | $4.3M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9160 | +0.034% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9130 | −0.069% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9135 | −0.053% | $562K | $625K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9170 | +0.069% | $2K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9160 | +0.034% | $102K | $128K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9165 | +0.050% | $22K | $239K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0189% | 1h | 2.9199 | +0.167% | $518K | $586K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9180 | +0.103% | $1.2M | $2.3M | 75x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0424% / S −0.0357% | 1h | 2.9173 | +0.077% | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0424% | 1h | 2.9570 | +1.441% | $58K | $63K | 50x | as long as short |
| Hyperliquid ICP | +0.0478% | 1h | 2.9218 | +0.233% | $4.5M | $4.3M | 5x | as long as short |
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
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX
Hyperliquid ICP