Spread before costs (cost unknown: a leg has no order-book sample)−0.003%
7d average—if it closes, per $10,000$0funding while held, a day+$3.75
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ICP_USDC-PERPETUAL | 2.9051 | −0.0025 | get 0.0003% / 1h | 29m 12s | $259 | $464 | 50x |
| Short | BingX ICP-USDT | 2.9050 | 0.0100 | get 0.0100% / 8h | 5h 29m | — | $4.6M | — |
Deribit ICP_USDC-PERPETUAL
BingX ICP-USDTPrice 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
- −$0.34
- Funding while held
- $3.75
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$13.59
- Spread needed to break even
- 0.170%
Slippage unknown: Deribit: no order-book sample; BingX: live order book, 12 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0125%
- Per $10,000 a day
- +$3.75
- 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 Deribit no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 12 min ago | 1.72 bp | 9.8 bp −$10 | 14.2 bp −$142 | 48.9 bp −$4,887 | 435.7 bp −$217.8K |
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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni2.8976cheapestHTX2.8980+0.013%edgeX2.8989+0.042%Phemex2.9010+0.116%BloFin2.9010+0.116%Gate2.9020+0.151%Bybit2.9030+0.185%OKX2.9030+0.185%SunX2.9030+0.185%Lighter2.9032+0.192%dYdX2.9041+0.224%Extended2.9045+0.237%Aster2.9046+0.239%Binance2.9048+0.248%MEXC2.9050+0.254%KuCoin2.9050+0.254%
Variational Omni
HTX
Phemex
BloFin
Gate
Bybit
OKX
SunX
Lighter
dYdX
Extended
Aster
Binance
MEXC
KuCoinBingX2.9050+0.254%
Kraken Futures2.9050+0.256%
Kraken FuturesDeribit2.9051+0.258%
Pacifica2.9052+0.262%Bitget2.9060+0.289%gTrade (Gains Network)2.9063+0.299%Hyperliquid2.9065+0.306%GMX2.9068+0.316%Coinbase International2.9150+0.599%Injective2.9638+2.284%
Pacifica
Bitget
gTrade (Gains Network)
Hyperliquid
GMX
Coinbase International
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.257% | −0.0394% | 8h | $1.0M | $113K | — | as long as short |
| HTX ICP-USDT | −0.244% | +0.0100% | 8h | $104K | $218K | 20x | as long as short |
| edgeX ICPUSDC | −0.215% | +0.0100% | 4h | $23K | $277K | 10x | as long as short |
| Phemex ICPUSDT | −0.141% | +0.0100% | 8h | $1.7M | $797K | 50x | as long as short |
| BloFin ICP-USDT | −0.141% | +0.0194% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Gate ICP_USDT | −0.107% | −0.0174% | 8h | $1.8M | $2.6M | 50x | as long as short |
| Bybit ICPUSDT | −0.072% | −0.0315% | 8h | $16.5M | $16.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | −0.072% | +0.0071% | 8h | $5.6M | $15.0M | 50x | as long as short |
| SunX ICP-USDT | −0.072% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| Lighter ICP | −0.065% | +0.0096% | 1h | $202K | $354K | 5x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | −0.034% | 0.0000% | 1h | $69K | $3K | 5x | as long as short |
| Extended ICP-USD | −0.021% | +0.0072% | 1h | $24K | $133K | 10x | as long as short |
| Aster ICPUSDT | −0.018% | +0.0089% | 8h | $191K | $1.8M | 20x | as long as short |
| Binance ICPUSDT | −0.010% | +0.0074% | 8h | $28.0M | $47.4M | 75x | as long as short |
| MEXC ICP_USDT | −0.003% | +0.0073% | 8h | $18.6M | $7.4M | 50x | as long as short |
| KuCoin ICPUSDTM | −0.003% | +0.0100% | 8h | $5.0M | $11.9M | 50x | as long as short |
| BingX ICP-USDTshort | −0.003% | +0.0100% | 8h | — | $4.6M | — | |
| Kraken Futures PF_ICPUSD | −0.002% | −0.0044% | 1h | $473K | $536K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUALlong | 0.000% | −0.0025% | 1h | $259 | $464 | 50x | |
| Pacifica ICP | +0.004% | +0.0100% | 1h | $132K | $10K | 5x | as long as short |
| Bitget ICPUSDT | +0.031% | +0.0100% | 8h | $6.7M | $4.2M | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.041% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Hyperliquid ICP | +0.048% | +0.0100% | 1h | $4.6M | $3.8M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | +0.058% | L +0.0362% / S −0.0248% | 1h | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.341% | +0.0224% | 1h | $62K | $84K | 50x | as long as short |
| Injective ICP/USDC PERP | +2.021% | +0.0033% | 1h | $202 | $74K | 12x | as long as short |