Funding you earn now, next payment 08:00 UTC+0.0167%/8h= +18.3% APRnext payment +$1.67 per $10,000 · paid last 24h +0.263%
Price spread now: OKX against Phemex−0.068%7-day average +0.112% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.381%+$238 on $10k
+Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.068%, 7d avg +0.112%
=Funding pays, the price is against you. OKX is 0.180% cheaper against Phemex than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.112%). If the spread goes back, that is −$18 on $10k: about 3.6 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+2.381% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9500 | −0.0067 | get 0.0067% / 8h | 1h 25m | $1.8M | $677K | 50x |
| Short | OKX ICP-USDT-SWAP | 2.9480 | 0.0100 | get 0.0100% / 8h | 1h 25m | $5.7M | $14.9M | 50x |
Phemex ICPUSDT
OKX ICP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $35.16
- Price spread: −0.068% → +0.112%
- −$17.98
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$4.81
- Costs to cover
- 0.220%
- Break-even
- 8.0 days
Slippage unknown: Phemex: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago | 1.70 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.70 bp | 12.1 bp −$12 | 33.7 bp −$337 | 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_ICPUSD | −0.0314% | 1h | 2.9527 | +0.092% | $523K | $648K | 50x | as long as short |
| Phemex ICPUSDTlong | −0.0067% | 8h | 2.9500 | long leg | $1.8M | $677K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9462 | −0.128% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9494 | −0.020% | $192 | $439 | 50x | as long as short |
| Variational Omni ICP | +0.0001% | 8h | 2.9475 | −0.085% | $1.0M | $133K | — | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9503 | +0.011% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.559% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9505 | +0.017% | $139K | $495K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9531 | +0.105% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9505 | +0.017% | $272K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9493 | −0.025% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9505 | +0.017% | $28.8M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | −0.068% | $17.2M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAPshort | +0.0100% | 8h | 2.9480 | −0.068% | $5.7M | $14.9M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 2.9510 | +0.034% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9500 | 0.000% | $19.0M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9500 | 0.000% | $4.8M | $12.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9520 | +0.068% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.034% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9406 | −0.319% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9430 | −0.237% | $567K | $550K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9500 | 0.000% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9450 | −0.169% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9495 | −0.016% | $22K | $117K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9460 | −0.136% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9550 | +0.169% | $57K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0410% / S −0.0331% | 1h | 2.9436 | −0.218% | $29K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
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]