Funding you earn now, next payment 03:00 UTC−0.0441%/8h= −48.3% APRnext payment −$0.55 per $10,000 · paid last 24h −0.147%
Price spread now: Deribit against Coinbase International−0.634%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 −$13 a day on $10k at the current rate, and Deribit is 0.634% cheaper against Coinbase International than usual: you would sell low and buy high (−$63 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 | 2.9820 | 0.0320 | pay 0.0040% / 1h | 27m 51s | $67K | $61K | 50x |
| Short | Deribit ICP_USDC-PERPETUAL | 2.9631 | −0.0121 | pay 0.0015% / 1h | 27m 51s | $264 | $464 | 50x |
Coinbase International ICP-PERP-INTX
Deribit ICP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$92.61
- Price spread: −0.634% → 0.000%
- −$63.38
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$172.99
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample | — | — | — | — | — |
Coinbase International and Deribit: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUALshort | −0.0121% | 1h | 2.9631 | −0.634% | $264 | $464 | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9689 | −0.439% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9653 | −0.561% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.520% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0086% | 8h | 2.9610 | −0.704% | $1.8M | $791K | 50x | as long as short |
| Variational Omni ICP | +0.0091% | 8h | 2.9705 | −0.386% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9664 | −0.523% | $157K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9667 | −0.513% | $270K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9668 | −0.510% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9640 | −0.604% | $29.1M | $50.9M | 75x | as long as short |
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Phemex ICPUSDT
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9620 | −0.671% | $17.2M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9640 | −0.604% | $5.7M | $16.3M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9650 | −0.570% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9650 | −0.570% | $19.8M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9660 | −0.537% | $4.8M | $12.7M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9670 | −0.503% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9650 | −0.570% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9719 | −0.338% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9714 | −0.357% | $566K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9650 | −0.570% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9600 | −0.738% | $104K | $156K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9642 | −0.597% | $23K | $130K | 10x | as long as short |
| Hyperliquid ICP | +0.0198% | 1h | 2.9690 | −0.436% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9750 | −0.235% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0320% | 1h | 2.9820 | long leg | $67K | $61K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0535% / S −0.0528% | 1h | 2.9656 | −0.551% | $39K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0569% | 1h | 2.9664 | −0.524% | $521K | $605K | 50x | 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
Hyperliquid ICP
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD