Funding you earn now, next payment 16:00 UTC+0.0502%/8h= +55.0% APRnext payment +$5.02 per $10,000 · paid last 24h +0.224%
Price spread now: Gate against Phemex+0.067%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)+0.073%+$7 · spread now +0.067%, 7d avg +0.127%
=Funding pays, the price is against you. Gate is 0.060% cheaper against Phemex than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.127%). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+2.271% in total) that is about 4 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9680 | −0.0402 | get 0.0402% / 8h | 6h 58m | $1.8M | $693K | 50x |
| Short | Gate ICP_USDT | 2.9700 | 0.0100 | get 0.0100% / 8h | 6h 58m | $1.9M | $2.6M | 50x |
Phemex ICPUSDT
Gate ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $105.45
- Price spread: +0.067% → +0.127%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $72.49
- Costs to cover
- 0.270%
- Break-even
- 2.2 days
Slippage unknown: Phemex: live order book, 4 min ago; Gate: 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 Phemex live order book, 4 min ago | 3.37 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.37 bp | 18.4 bp −$18 | 86.8 bp −$868 | 162.7 bp −$16.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDTlong | −0.0402% | 8h | 2.9680 | long leg | $1.8M | $693K | 50x | |
| Deribit ICP_USDC-PERPETUAL | −0.0188% | 1h | 2.9689 | +0.030% | $193 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0162% | 8h | 2.9680 | −0.002% | $1.1M | $143K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9722 | +0.142% | $69K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9740 | +0.202% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.051% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0081% | 8h | 2.9680 | 0.000% | $17.2M | $17.6M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9708 | +0.094% | $136K | $467K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9720 | +0.135% | $258K | $968K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9728 | +0.160% | $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
Bybit ICPUSDT
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 | 2.9710 | +0.101% | $29.0M | $47.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9690 | +0.034% | $5.8M | $13.7M | 50x | as long as short |
| Gate ICP_USDTshort | +0.0100% | 8h | 2.9700 | +0.067% | $1.9M | $2.6M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | 0.000% | $19.0M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9700 | +0.067% | $4.9M | $11.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9710 | +0.101% | $7.1M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9700 | +0.067% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9716 | +0.122% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9718 | +0.127% | $564K | $580K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9680 | 0.000% | $1K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9720 | +0.135% | $104K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9690 | +0.034% | $22K | $236K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9690 | +0.034% | $1.2M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0350% | 1h | 2.9733 | +0.180% | $527K | $590K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0448% | 1h | 2.9830 | +0.505% | $58K | $67K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0455% / S −0.0403% | 1h | 2.9722 | +0.140% | $33K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0579% | 1h | 2.9765 | +0.286% | $4.6M | $4.5M | 5x | as long as short |
Binance 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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP