Spread before costs (cost unknown: a leg has no order-book sample)−0.069%
7d average—if it closes, per $10,000$7funding while held, a day+$4.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 2.9250 | 0.0120 | pay 0.0015% / 1h | 16m 50s | $61K | $86K | 50x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 2.9230 | L +0.0372% / S −0.0257% | get 0.0032% / 1h | 16m 50s | $31K | — | 100x |
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]Price spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.93
- Funding while held
- $4.1
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$24.83
- Spread needed to break even
- 0.220%
Slippage unknown: Coinbase International: live order book, 22 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0137%
- Per $10,000 a day
- +$4.10
- Average in range /8h
- —
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 live order book, 22 min ago | 15.45 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 price on every exchange
against the cheapest. Click to use as the short leg.Bybit2.9170cheapestVariational Omni2.9182+0.043%Binance2.9197+0.092%Gate2.9200+0.103%BloFin2.9200+0.103%BingX2.9210+0.137%Phemex2.9210+0.137%edgeX2.9214+0.151%Extended2.9215+0.153%Lighter2.9216+0.158%OKX2.9220+0.171%Bitget2.9220+0.171%SunX2.9220+0.171%dYdX2.9227+0.196%
Bybit
Variational Omni
Binance
Gate
BloFin
BingX
Phemex
Extended
Lighter
OKX
Bitget
SunX
dYdXGMX2.9230+0.205%
MEXC2.9230+0.206%KuCoin2.9230+0.206%Pacifica2.9230+0.206%Deribit2.9236+0.226%Aster2.9238+0.232%gTrade (Gains Network)2.9240+0.240%
MEXC
KuCoin
Pacifica
Deribit
Aster
gTrade (Gains Network)Coinbase International2.9250+0.274%
Kraken Futures2.9253+0.284%Hyperliquid2.9264+0.322%HTX2.9280+0.377%Injective2.9638+1.604%
Kraken Futures
Hyperliquid
HTX
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | −0.274% | −0.0369% | 8h | $17.0M | $15.6M | 75x | as long as short |
| Variational Omni ICP | −0.231% | −0.0382% | 8h | $1.1M | $102K | — | as long as short |
| Binance ICPUSDT | −0.182% | +0.0048% | 8h | $28.5M | $45.1M | 75x | as long as short |
| Gate ICP_USDT | −0.171% | −0.0216% | 8h | $1.8M | $2.4M | 50x | as long as short |
| BloFin ICP-USDT | −0.171% | +0.0166% | 8h | $1.2M | $2.4M | 75x | as long as short |
| BingX ICP-USDT | −0.137% | +0.0100% | 8h | — | $4.2M | — | as long as short |
| Phemex ICPUSDT | −0.137% | +0.0100% | 8h | $1.7M | $799K | 50x | as long as short |
| edgeX ICPUSDC | −0.123% | +0.0100% | 4h | $23K | $277K | 10x | as long as short |
| Extended ICP-USD | −0.121% | +0.0048% | 1h | $24K | $133K | 10x | as long as short |
| Lighter ICP | −0.116% | +0.0096% | 1h | $138K | $334K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | −0.103% | +0.0059% | 8h | $5.8M | $14.2M | 50x | as long as short |
| Bitget ICPUSDT | −0.103% | +0.0100% | 8h | $6.8M | $3.8M | 50x | as long as short |
| SunX ICP-USDT | −0.103% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| dYdX ICP-USD | −0.078% | 0.0000% | 1h | $69K | $3K | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | −0.069% | L +0.0372% / S −0.0257% | 1h | $31K | — | 100x | |
| MEXC ICP_USDT | −0.068% | +0.0043% | 8h | $18.0M | $7.1M | 50x | as long as short |
| KuCoin ICPUSDTM | −0.068% | +0.0100% | 8h | $5.1M | $11.5M | 50x | as long as short |
| Pacifica ICP | −0.068% | +0.0100% | 1h | $132K | $10K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.048% | 0.0000% | 1h | $261 | $366 | 50x | as long as short |
| Aster ICPUSDT | −0.042% | +0.0100% | 8h | $170K | $1.7M | 20x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.034% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Coinbase International ICP-PERP-INTXlong | 0.000% | +0.0120% | 1h | $61K | $86K | 50x | |
| Kraken Futures PF_ICPUSD | +0.010% | +0.0156% | 1h | $478K | $537K | 50x | as long as short |
| Hyperliquid ICP | +0.048% | +0.0311% | 1h | $4.6M | $3.4M | 5x | as long as short |
| HTX ICP-USDT | +0.103% | +0.0100% | 8h | $111K | $167K | 20x | as long as short |
| Injective ICP/USDC PERP | +1.326% | +0.0033% | 1h | $202 | $130K | 12x | as long as short |