Funding you earn now, next payment 01:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.016%
Price spread now: Bitget against Coinbase International−0.531%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.531% cheaper against Coinbase International than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 3.0140 | 0.0256 | pay 0.0032% / 1h | 9m 06s | $65K | $71K | 50x |
| Short | Bitget ICPUSDT | 2.9980 | 0.0100 | get 0.0100% / 8h | 6h 09m | $7.0M | $4.9M | 50x |
Coinbase International ICP-PERP-INTX
Bitget ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Coinbase International. 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
- −$32.76
- Price spread: −0.531% → 0.000%
- −$53.09
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$107.85
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Bitget: 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 3.32 bp | 11.3 bp −$11 | 33.8 bp −$338 | doesn't fit | doesn't fit |
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 | −0.0217% | 1h | 2.9979 | −0.534% | $267 | $464 | 50x | as long as short |
| Phemex ICPUSDT | −0.0014% | 8h | 2.9960 | −0.597% | $1.8M | $798K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9988 | −0.504% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9983 | −0.523% | $23K | — | 150x | as long as short |
| Variational Omni ICP | +0.0014% | 8h | 3.0080 | −0.200% | $1.1M | $116K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.576% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0000 | −0.464% | $163K | $492K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9998 | −0.473% | $279K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9987 | −0.506% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9980 | −0.531% | $29.6M | $53.7M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Lighter 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 | 2.9960 | −0.597% | $17.5M | $19.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9980 | −0.531% | $5.8M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9970 | −0.564% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9970 | −0.564% | $19.3M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | −0.597% | $4.9M | $13.4M | 50x | as long as short |
| Bitget ICPUSDTshort | +0.0100% | 8h | 2.9980 | −0.531% | $7.0M | $4.9M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9980 | −0.531% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0074 | −0.219% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0113 | −0.090% | $584K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | −0.564% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9940 | −0.664% | $105K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9962 | −0.589% | $22K | $125K | 10x | as long as short |
| Hyperliquid ICP | +0.0140% | 1h | 3.0008 | −0.438% | $4.7M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0256% | 1h | 3.0140 | long leg | $65K | $71K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 2.9977 | −0.542% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0895% | 1h | 3.0011 | −0.429% | $544K | $609K | 50x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD