ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0188%/8h= −20.6% APRnext payment −$0.23 per $10,000 · paid last 24h −0.065%

Price spread now: Coinbase International against GMX+0.378%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Coinbase International is 0.378% dearer against GMX than usual: you sell high and buy low (spread +0.378% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ICP/USD [WBTC.b-USDC]	2.9897	L +0.0508% / S −0.0480%	pay 0.0063% / 1h	54m 59s	$37K	—	100x
Short	Coinbase International ICP-PERP-INTX	3.0010	0.0320	get 0.0040% / 1h	54m 59s	$65K	$68K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.378%Rate

Funding earned: −$39.46
Price spread: +0.378% → 0.000%: $37.83
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.63
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; Coinbase International: no order-book sample. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International no order-book sample	—	—	—	—	—

GMX and Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit ICP_USDC-PERPETUAL	−0.0118%	1h	2.9881	−0.053%	$266	$464	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9965	+0.228%	$70K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	2.9903	+0.022%	$23K	—	150x	as long as short
Variational Omni ICP	+0.0032%	8h	3.0055	+0.529%	$1.1M	$116K	—	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.776%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	2.9927	+0.101%	$163K	$482K	5x	as long as short
Hyperliquid ICP	+0.0100%	1h	2.9944	+0.157%	$4.6M	$5.0M	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9914	+0.056%	$273K	$1.7M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9944	+0.159%	$136K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9918	+0.072%	$29.5M	$53.0M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ICPUSDT	+0.0100%	8h	2.9910	+0.044%	$17.5M	$18.9M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9920	+0.077%	$5.8M	$16.9M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9900	+0.010%	$1.9M	$3.0M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9890	−0.023%	$19.0M	$10.1M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9890	−0.023%	$4.9M	$13.3M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9920	+0.077%	$7.0M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9910	+0.044%	—	$6.0M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9866	−0.104%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9861	−0.120%	$579K	$481K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9890	−0.023%	$1K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9850	−0.157%	$104K	$182K	20x	as long as short
Phemex ICPUSDT	+0.0100%	8h	2.9960	+0.211%	$1.8M	$797K	50x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9883	−0.046%	$22K	$123K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0293%	1h	2.9925	+0.095%	$542K	$610K	50x	as long as short
Coinbase International ICP-PERP-INTXshort	+0.0320%	1h	3.0010	+0.378%	$65K	$68K	50x
GMX ICP/USD [WBTC.b-USDC]long	L +0.0508% / S −0.0480%	1h	2.9897	long leg	$37K	—	100x