Funding you earn now, next payment 08:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.71 per $10,000 · paid last 24h +0.191%
Price spread now: Variational Omni against Phemex+0.033%7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.994%+$99 on $10k
+Price spread, last 3 days (all we have)+0.143%+$14 · spread now +0.033%, 7d avg +0.059%
=Together, before fees+1.138%+ Points / potential airdropVariational Omni: Active · farm board+$114 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.027% cheaper against Phemex than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.994%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9920 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $1.8M | $797K | 50x |
| Short | Variational Omni ICP | 2.9930 | 0.0029 | get 0.0029% / 8h | 5h 57m | $1.1M | $116K | — |
Phemex ICPUSDT
Variational Omni ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$14.9
- Price spread: +0.033% → +0.059%
- −$2.68
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$29.58
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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, 1 min ago | 6.66 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 4.40 bp | doesn't fit | 32.5 bp −$325 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9872 | −0.160% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9865 | −0.184% | $266 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9863 | −0.189% | $23K | — | 150x | as long as short |
| Variational Omni ICPshort | +0.0029% | 8h | 2.9930 | +0.033% | $1.1M | $116K | — | |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.852% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9891 | −0.097% | $163K | $482K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9916 | −0.015% | $4.6M | $5.0M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9876 | −0.146% | $285K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9880 | −0.135% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9923 | +0.012% | $29.5M | $53.1M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9920 | 0.000% | $17.5M | $18.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9920 | 0.000% | $5.8M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9880 | −0.134% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9890 | −0.100% | $19.0M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9850 | −0.234% | $4.9M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9940 | +0.067% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9890 | −0.100% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9949 | +0.097% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9933 | +0.043% | $581K | $480K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9870 | −0.167% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9820 | −0.334% | $104K | $182K | 20x | as long as short |
| Phemex ICPUSDTlong | +0.0100% | 8h | 2.9920 | long leg | $1.8M | $797K | 50x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9931 | +0.037% | $22K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0293% | 1h | 2.9904 | −0.054% | $542K | $610K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 3.0140 | +0.735% | $65K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 2.9869 | −0.171% | $37K | — | 100x | as long as short |
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]