Funding you earn now, next payment 00:00 UTC+0.0421%/8h= +46.1% APRnext payment +$0.53 per $10,000 · paid last 24h +0.149%
Price spread now: Coinbase International against Deribit−0.222%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
Funding pays, the price is against you. Coinbase International is 0.222% cheaper against Deribit than usual: you would sell low and buy high (spread −0.222% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 42 hours of funding at the current rate (+$13 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ICP_USDC-PERPETUAL | 3.0678 | −0.0141 | get 0.0018% / 1h | 15m 17s | $273 | $464 | 50x |
| Short | Coinbase International ICP-PERP-INTX | 3.0610 | 0.0280 | get 0.0035% / 1h | 15m 17s | $63K | $66K | 50x |
Deribit ICP_USDC-PERPETUAL
Coinbase International ICP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Deribit. 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
- $88.41
- Price spread: −0.222% → 0.000%
- −$22.17
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $49.24
- Costs to cover
- 0.170%
- Break-even
- 3.1 days
Slippage unknown: Deribit: no order-book sample; Coinbase International: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Deribit and 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 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-PERPETUALlong | −0.0141% | 1h | 3.0678 | long leg | $273 | $464 | 50x | |
| Kraken Futures PF_ICPUSD | −0.0120% | 1h | 3.0710 | +0.104% | $560K | $598K | 50x | as long as short |
| Variational Omni ICP | −0.0052% | 8h | 3.0520 | −0.514% | $1.1M | $113K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0659 | −0.062% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0684 | +0.018% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −3.302% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0710 | +0.104% | $175K | $480K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0680 | +0.007% | $339K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0676 | −0.006% | $139K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0684 | +0.019% | $30.7M | $52.6M | 75x | as long as short |
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 3.0670 | −0.026% | $18.2M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0670 | −0.026% | $6.2M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0690 | +0.039% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0680 | +0.007% | $19.9M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0650 | −0.091% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0680 | +0.007% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0670 | −0.026% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0470 | −0.677% | $24K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0476 | −0.657% | $578K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0670 | −0.026% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0620 | −0.189% | $107K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0660 | −0.059% | $1.8M | $777K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0678 | −0.001% | $23K | $129K | 10x | as long as short |
| Hyperliquid ICP | +0.0173% | 1h | 3.0722 | +0.143% | $4.8M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0400 | −0.906% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTXshort | +0.0280% | 1h | 3.0610 | −0.222% | $63K | $66K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0513% / S −0.0480% | 1h | 3.0685 | +0.022% | $38K | — | 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
Phemex ICPUSDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]