Spread before costs (cost unknown: a leg has no order-book sample)+0.285%
7d average—if it closes, per $10,000$28funding while held, a day+$9.53
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ICP_USDC-PERPETUAL | 2.9476 | −0.1071 | get 0.0134% / 1h | 42m 36s | $163 | $167 | 50x |
| Short | Phemex ICPUSDT | 2.9560 | −0.0753 | pay 0.0753% / 8h | 42m 36s | $1.7M | $757K | 50x |
Deribit ICP_USDC-PERPETUAL
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
- $28.5
- Funding while held
- $9.53
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $19.02
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0318%
- Per $10,000 a day
- +$9.53
- 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 Phemex live order book, 2 min ago | 3.37 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
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.Deribit2.9476cheapest
OKX2.9480+0.014%BingX2.9480+0.014%SunX2.9480+0.014%Bybit2.9490+0.047%Gate2.9490+0.047%KuCoin2.9490+0.047%Bitget2.9490+0.047%Binance2.9493+0.056%Extended2.9493+0.058%Aster2.9497+0.071%MEXC2.9500+0.081%HTX2.9500+0.081%dYdX2.9507+0.105%Kraken Futures2.9511+0.119%Lighter2.9515+0.132%GMX2.9518+0.141%gTrade (Gains Network)2.9526+0.170%Pacifica2.9529+0.179%edgeX2.9554+0.266%
OKX
BingX
SunX
Bybit
Gate
KuCoin
Bitget
Binance
Extended
Aster
MEXC
HTX
dYdX
Kraken Futures
Lighter
GMX
gTrade (Gains Network)
PacificaPhemex2.9560+0.285%
BloFin2.9560+0.285%Hyperliquid2.9565+0.302%Coinbase International2.9600+0.421%Variational Omni2.9627+0.511%Injective2.9638+0.550%
BloFin
Hyperliquid
Coinbase International
Variational Omni
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUALlong | 0.000% | −0.1071% | 1h | $163 | $167 | 50x | |
| OKX ICP-USDT-SWAP | +0.014% | −0.0025% | 8h | $5.8M | $15.9M | 50x | as long as short |
| BingX ICP-USDT | +0.014% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| SunX ICP-USDT | +0.014% | +0.0100% | 8h | $1K | $1.8M | 20x | as long as short |
| Bybit ICPUSDT | +0.047% | −0.0212% | 8h | $16.5M | $15.1M | 75x | as long as short |
| Gate ICP_USDT | +0.047% | −0.0011% | 8h | $1.8M | $2.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.047% | +0.0100% | 8h | $5.0M | $11.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.047% | +0.0100% | 8h | $6.8M | $4.0M | 50x | as long as short |
| Binance ICPUSDT | +0.056% | +0.0005% | 8h | $28.5M | $47.3M | 75x | as long as short |
| Extended ICP-USD | +0.058% | +0.0008% | 1h | $26K | $133K | 10x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.071% | +0.0100% | 8h | $183K | $1.9M | 20x | as long as short |
| MEXC ICP_USDT | +0.081% | +0.0008% | 8h | $18.5M | $7.2M | 50x | as long as short |
| HTX ICP-USDT | +0.081% | +0.0100% | 8h | $111K | $284K | 20x | as long as short |
| dYdX ICP-USD | +0.105% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.119% | −0.0671% | 1h | $507K | $558K | 50x | as long as short |
| Lighter ICP | +0.132% | +0.0096% | 1h | $145K | $319K | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | +0.141% | L +0.0356% / S −0.0238% | 1h | $30K | — | 100x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.170% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Pacifica ICP | +0.179% | +0.0100% | 1h | $134K | $11K | 5x | as long as short |
| edgeX ICPUSDC | +0.266% | +0.0100% | 4h | $23K | $276K | 10x | as long as short |
| Phemex ICPUSDTshort | +0.285% | −0.0753% | 8h | $1.7M | $757K | 50x | |
| BloFin ICP-USDT | +0.285% | +0.0036% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Hyperliquid ICP | +0.302% | +0.0885% | 1h | $4.9M | $3.6M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.421% | +0.0096% | 1h | $67K | $119K | 50x | as long as short |
| Variational Omni ICP | +0.511% | −0.0372% | 8h | $1.1M | $80K | — | as long as short |
| Injective ICP/USDC PERP | +0.550% | +0.0033% | 1h | $202 | $164K | 12x | as long as short |