Spread before costs (cost unknown: a leg has no order-book sample)+0.068%
7d average−0.421%if it closes, per $10,000$7funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 2.9490 | 0.0096 | pay 0.0012% / 1h | 2m 01s | $70K | $120K | 50x |
| Short | Phemex ICPUSDT | 2.9510 | 0.0100 | get 0.0100% / 8h | 7h 02m | $1.8M | $805K | 50x |
Coinbase International ICP-PERP-INTX
Phemex ICPUSDTPrice 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
- $6.78
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.1
- Spread needed to break even
- 0.220%
Slippage unknown: Coinbase International: live order book, 42 min ago; Phemex: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- 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, 42 min ago | 11.76 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.39 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ICP price on every exchange
against the cheapest. Click to use as the short leg.Bybit2.9360cheapestVariational Omni2.9379+0.066%OKX2.9380+0.068%Gate2.9380+0.068%KuCoin2.9380+0.068%MEXC2.9390+0.102%BingX2.9390+0.102%SunX2.9390+0.102%Extended2.9396+0.121%Deribit2.9400+0.136%edgeX2.9401+0.141%Lighter2.9408+0.163%Binance2.9410+0.170%Bitget2.9410+0.170%BloFin2.9410+0.170%GMX2.9416+0.190%Pacifica2.9418+0.198%Kraken Futures2.9419+0.202%Aster2.9424+0.219%Hyperliquid2.9430+0.237%gTrade (Gains Network)2.9434+0.250%dYdX2.9473+0.385%HTX2.9480+0.409%
Bybit
Variational Omni
OKX
Gate
KuCoin
MEXC
BingX
SunX
Extended
Deribit
Lighter
Binance
Bitget
BloFin
GMX
Pacifica
Kraken Futures
Aster
Hyperliquid
gTrade (Gains Network)
dYdX
HTXCoinbase International2.9490+0.443%
Phemex2.9510+0.511%
Injective2.9638+0.947%
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | −0.441% | −0.0455% | 8h | $17.2M | $15.2M | 75x | as long as short |
| Variational Omni ICP | −0.376% | −0.0352% | 8h | $1.1M | $102K | — | as long as short |
| OKX ICP-USDT-SWAP | −0.373% | −0.0009% | 8h | $5.8M | $14.5M | 50x | as long as short |
| Gate ICP_USDT | −0.373% | −0.0103% | 8h | $1.8M | $2.2M | 50x | as long as short |
| KuCoin ICPUSDTM | −0.373% | +0.0100% | 8h | $5.0M | $11.3M | 50x | as long as short |
| MEXC ICP_USDT | −0.339% | −0.0011% | 8h | $18.8M | $7.3M | 50x | as long as short |
| BingX ICP-USDT | −0.339% | +0.0100% | 8h | — | $4.1M | — | as long as short |
| SunX ICP-USDT | −0.339% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| Extended ICP-USD | −0.320% | −0.0008% | 1h | $24K | $133K | 10x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.305% | −0.0090% | 1h | $262 | $366 | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX ICPUSDC | −0.301% | +0.0100% | 4h | $23K | $276K | 10x | as long as short |
| Lighter ICP | −0.278% | +0.0096% | 1h | $142K | $321K | 5x | as long as short |
| Binance ICPUSDT | −0.271% | −0.0012% | 8h | $28.9M | $44.9M | 75x | as long as short |
| Bitget ICPUSDT | −0.271% | +0.0100% | 8h | $6.8M | $3.8M | 50x | as long as short |
| BloFin ICP-USDT | −0.271% | +0.0108% | 8h | $1.2M | $2.4M | 75x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | −0.252% | L +0.0373% / S −0.0257% | 1h | $31K | — | 100x | as long as short |
| Pacifica ICP | −0.244% | +0.0100% | 1h | $133K | $10K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | −0.240% | −0.0090% | 1h | $502K | $490K | 50x | as long as short |
| Aster ICPUSDT | −0.223% | +0.0089% | 8h | $181K | $1.7M | 20x | as long as short |
| Hyperliquid ICP | −0.205% | +0.0145% | 1h | $4.7M | $3.4M | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.192% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| dYdX ICP-USD | −0.057% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| HTX ICP-USDT | −0.034% | +0.0100% | 8h | $111K | $278K | 20x | as long as short |
| Coinbase International ICP-PERP-INTXlong | 0.000% | +0.0096% | 1h | $70K | $120K | 50x | |
| Phemex ICPUSDTshort | +0.068% | +0.0100% | 8h | $1.8M | $805K | 50x | |
| Injective ICP/USDC PERP | +0.502% | +0.0033% | 1h | $202 | $130K | 12x | as long as short |