Funding you earn now, next payment 07:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h −0.229%
Price spread now: Phemex against Kraken Futures−0.417%7-day average −0.205% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.092%−$209 on $10k
+Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.417%, 7d avg −0.205%
=Funding pays, the price is against you. Phemex is 0.212% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.417% now, against its 7-day average of −0.205%). If the spread goes back, that is −$21 on $10k: about 4.5 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −2.092%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 2.9704 | −0.0312 | get 0.0039% / 1h | 14m 36s | $526K | $652K | 50x |
| Short | Phemex ICPUSDT | 2.9580 | −0.0156 | pay 0.0156% / 8h | 1h 14m | $1.8M | $678K | 50x |
Kraken Futures PF_ICPUSD
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Kraken Futures. 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
- $32.74
- Price spread: −0.417% → −0.205%
- −$21.22
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$10.48
- Costs to cover
- 0.220%
- Break-even
- 9.2 days
Slippage unknown: Kraken Futures: live order book, 28 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 Kraken Futures live order book, 28 min ago | 5.10 bp | 22.0 bp −$22 | 57.3 bp −$573 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 1.69 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSDlong | −0.0312% | 1h | 2.9704 | long leg | $526K | $652K | 50x | |
| Phemex ICPUSDTshort | −0.0156% | 8h | 2.9580 | −0.417% | $1.8M | $678K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0020% | 1h | 2.9670 | −0.114% | $193 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0014% | 8h | 2.9600 | −0.350% | $1.1M | $133K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9659 | −0.151% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9671 | −0.110% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.131% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9687 | −0.057% | $140K | $495K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9700 | −0.013% | $280K | $1.1M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9669 | −0.119% | $134K | $9K | 5x | 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 ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9669 | −0.119% | $29.1M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9640 | −0.215% | $17.3M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9650 | −0.182% | $5.8M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9660 | −0.148% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | −0.081% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9670 | −0.114% | $4.9M | $11.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9680 | −0.081% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9660 | −0.148% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9656 | −0.160% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9587 | −0.393% | $570K | $550K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9660 | −0.148% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9610 | −0.316% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9661 | −0.145% | $22K | $117K | 10x | as long as short |
| Hyperliquid ICP | +0.0111% | 1h | 2.9714 | +0.032% | $4.6M | $4.7M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9630 | −0.249% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9700 | −0.013% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0457% / S −0.0403% | 1h | 2.9671 | −0.112% | $33K | — | 100x | as long as short |
Binance ICPUSDT
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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]