Spread before costs (cost unknown: a leg has no order-book sample)+0.047%
7d average—if it closes, per $10,000$5funding while held, a day−$8.20
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 2.9416 | L +0.0373% / S −0.0257% | pay 0.0047% / 1h | 5m 56s | $31K | — | 100x |
| Short | Bitget ICPUSDT | 2.9430 | 0.0100 | get 0.0100% / 8h | 7h 05m | $6.8M | $3.8M | 50x |
GMX ICP/USD [WBTC.b-USDC]
Bitget 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
- $4.7
- Funding while held
- −$8.2
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$27.51
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0273%
- Per $10,000 a day
- −$8.20
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell Bitget live order book, 4 min ago | 5.11 bp | 13.5 bp −$13 | 27.0 bp −$270 | doesn't fit | doesn't fit |
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.Bybit2.9380cheapestVariational Omni2.9383+0.010%KuCoin2.9400+0.068%BingX2.9400+0.068%BloFin2.9400+0.068%Extended2.9402+0.075%edgeX2.9403+0.079%Binance2.9405+0.085%OKX2.9410+0.102%Gate2.9410+0.102%MEXC2.9410+0.102%SunX2.9410+0.102%Deribit2.9416+0.123%
Bybit
Variational Omni
KuCoin
BingX
BloFin
Extended
Binance
OKX
Gate
MEXC
SunX
DeribitGMX2.9416+0.123%
Aster2.9420+0.136%Lighter2.9423+0.146%Pacifica2.9427+0.161%
Aster
Lighter
PacificaBitget2.9430+0.170%
dYdX2.9436+0.192%gTrade (Gains Network)2.9446+0.224%Hyperliquid2.9454+0.252%Kraken Futures2.9464+0.287%HTX2.9490+0.374%Coinbase International2.9510+0.442%Phemex2.9520+0.477%Injective2.9638+0.878%
dYdX
gTrade (Gains Network)
Hyperliquid
Kraken Futures
HTX
Coinbase International
Phemex
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | −0.123% | −0.0348% | 8h | $16.9M | $14.9M | 75x | as long as short |
| Variational Omni ICP | −0.114% | −0.0346% | 8h | $1.1M | $102K | — | as long as short |
| KuCoin ICPUSDTM | −0.055% | +0.0100% | 8h | $5.0M | $11.3M | 50x | as long as short |
| BingX ICP-USDT | −0.055% | +0.0100% | 8h | — | $4.1M | — | as long as short |
| BloFin ICP-USDT | −0.055% | +0.0107% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Extended ICP-USD | −0.048% | −0.0016% | 1h | $24K | $133K | 10x | as long as short |
| edgeX ICPUSDC | −0.044% | +0.0100% | 4h | $23K | $276K | 10x | as long as short |
| Binance ICPUSDT | −0.038% | −0.0013% | 8h | $28.8M | $44.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | −0.021% | −0.0009% | 8h | $5.8M | $14.5M | 50x | as long as short |
| Gate ICP_USDT | −0.021% | −0.0107% | 8h | $1.8M | $2.2M | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ICP_USDT | −0.021% | −0.0013% | 8h | $18.9M | $7.3M | 50x | as long as short |
| SunX ICP-USDT | −0.021% | +0.0100% | 8h | $1K | $1.7M | 20x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.001% | 0.0000% | 1h | $262 | $366 | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | 0.000% | L +0.0373% / S −0.0257% | 1h | $31K | — | 100x | |
| Aster ICPUSDT | +0.013% | +0.0088% | 8h | $181K | $1.7M | 20x | as long as short |
| Lighter ICP | +0.023% | +0.0096% | 1h | $143K | $314K | 5x | as long as short |
| Pacifica ICP | +0.037% | +0.0100% | 1h | $133K | $10K | 5x | as long as short |
| Bitget ICPUSDTshort | +0.047% | +0.0100% | 8h | $6.8M | $3.8M | 50x | |
| dYdX ICP-USD | +0.069% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.101% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Hyperliquid ICP | +0.129% | +0.0143% | 1h | $4.7M | $3.4M | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.164% | −0.0090% | 1h | $502K | $487K | 50x | as long as short |
| HTX ICP-USDT | +0.251% | +0.0100% | 8h | $111K | $278K | 20x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.319% | +0.0096% | 1h | $67K | $113K | 50x | as long as short |
| Phemex ICPUSDT | +0.353% | +0.0100% | 8h | $1.8M | $806K | 50x | as long as short |
| Injective ICP/USDC PERP | +0.754% | +0.0033% | 1h | $202 | $130K | 12x | as long as short |