Spread before costs (cost unknown: a leg has no order-book sample)−0.163%
7d average—if it closes, per $10,000$16funding while held, a day−$53.28
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9518 | 0.0096 | pay 0.0012% / 1h | 57m 29s | $144K | $310K | 5x |
| Short | Deribit ICP_USDC-PERPETUAL | 2.9470 | −0.1680 | pay 0.0210% / 1h | 57m 29s | $263 | $366 | 50x |
Lighter ICP
Deribit ICP_USDC-PERPETUALPrice 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
- −$16.26
- Funding while held
- −$53.28
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$76.54
- Spread needed to break even
- 0.070%
Slippage unknown: Lighter: live order book, 35 min ago; Deribit: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.1776%
- Per $10,000 a day
- −$53.28
- 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 Lighter live order book, 35 min ago | 1.02 bp | 2.0 bp −$2 | 20.0 bp −$200 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
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.Deribit2.9470cheapest
Bybit2.9480+0.034%OKX2.9480+0.034%Phemex2.9480+0.034%Binance2.9485+0.050%Extended2.9488+0.059%Gate2.9490+0.068%MEXC2.9490+0.068%KuCoin2.9490+0.068%BingX2.9490+0.068%SunX2.9500+0.102%Variational Omni2.9515+0.153%
Bybit
OKX
Phemex
Binance
Extended
Gate
MEXC
KuCoin
BingX
SunX
Variational OmniLighter2.9518+0.163%
Bitget2.9520+0.170%dYdX2.9523+0.179%Pacifica2.9526+0.189%GMX2.9527+0.194%gTrade (Gains Network)2.9529+0.201%edgeX2.9531+0.207%Aster2.9532+0.210%BloFin2.9540+0.238%Hyperliquid2.9559+0.302%HTX2.9560+0.305%Kraken Futures2.9566+0.327%Coinbase International2.9590+0.407%Injective2.9638+0.570%
Bitget
dYdX
Pacifica
GMX
gTrade (Gains Network)
Aster
BloFin
Hyperliquid
HTX
Kraken Futures
Coinbase International
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUALshort | −0.163% | −0.1680% | 1h | $263 | $366 | 50x | |
| Bybit ICPUSDT | −0.129% | −0.0115% | 8h | $16.5M | $15.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | −0.129% | −0.0012% | 8h | $5.8M | $15.8M | 50x | as long as short |
| Phemex ICPUSDT | −0.129% | +0.0100% | 8h | $1.7M | $750K | 50x | as long as short |
| Binance ICPUSDT | −0.112% | +0.0012% | 8h | $28.7M | $47.8M | 75x | as long as short |
| Extended ICP-USD | −0.103% | +0.0008% | 1h | $26K | $133K | 10x | as long as short |
| Gate ICP_USDT | −0.095% | +0.0100% | 8h | $1.8M | $2.0M | 50x | as long as short |
| MEXC ICP_USDT | −0.095% | +0.0011% | 8h | $18.5M | $7.0M | 50x | as long as short |
| KuCoin ICPUSDTM | −0.095% | +0.0100% | 8h | $5.0M | $11.4M | 50x | as long as short |
| BingX ICP-USDT | −0.095% | +0.0100% | 8h | — | $3.6M | — | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SunX ICP-USDT | −0.061% | +0.0100% | 8h | $2K | $1.8M | 20x | as long as short |
| Variational Omni ICP | −0.010% | −0.0353% | 8h | $1.0M | $84K | — | as long as short |
| Lighter ICPlong | 0.000% | +0.0096% | 1h | $144K | $310K | 5x | |
| Bitget ICPUSDT | +0.007% | +0.0100% | 8h | $6.8M | $4.0M | 50x | as long as short |
| dYdX ICP-USD | +0.016% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Pacifica ICP | +0.026% | +0.0100% | 1h | $134K | $10K | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | +0.031% | L +0.0357% / S −0.0238% | 1h | $30K | — | 100x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.038% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| edgeX ICPUSDC | +0.044% | +0.0100% | 4h | $23K | $277K | 10x | as long as short |
| Aster ICPUSDT | +0.047% | +0.0100% | 8h | $183K | $1.9M | 20x | as long as short |
| BloFin ICP-USDT | +0.075% | +0.0052% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Hyperliquid ICP | +0.139% | +0.0270% | 1h | $4.8M | $3.6M | 5x | as long as short |
| HTX ICP-USDT | +0.142% | +0.0100% | 8h | $112K | $286K | 20x | as long as short |
| Kraken Futures PF_ICPUSD | +0.164% | −0.0090% | 1h | $508K | $557K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.244% | +0.0096% | 1h | $67K | $119K | 50x | as long as short |
| Injective ICP/USDC PERP | +0.407% | +0.0033% | 1h | $202 | $130K | 12x | as long as short |