Spread before costs (cost unknown: a leg has no order-book sample)+0.210%
7d average—if it closes, per $10,000$21funding while held, a day+$7.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 2.9390 | 0.0003 | pay 0.0003% / 8h | 39m 26s | $18.1M | $7.3M | 50x |
| Short | GMX ICP/USD [WBTC.b-USDC] | 2.9452 | L +0.0356% / S −0.0238% | get 0.0030% / 1h | 39m 26s | $30K | — | 100x |
MEXC ICP_USDT
GMX ICP/USD [WBTC.b-USDC]Price 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
- $20.98
- Funding while held
- $7.05
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $16.02
- Spread needed to break even
- 0.120%
Slippage unknown: MEXC: live order book, 1 min ago; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0235%
- Per $10,000 a day
- +$7.05
- 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 MEXC live order book, 1 min ago | 1.70 bp | 4.3 bp −$4 | 10.3 bp −$103 | 65.6 bp −$6,564 | 145.1 bp −$72.5K |
| Sell GMX no order-book sample | — | — | — | — | — |
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.Extended2.9372cheapestAster2.9375+0.011%
Extended
AsterMEXC2.9390+0.062%
KuCoin2.9390+0.062%Bybit2.9400+0.096%Coinbase International2.9400+0.096%Binance2.9410+0.130%OKX2.9410+0.130%Lighter2.9411+0.134%Deribit2.9416+0.151%Gate2.9420+0.164%Bitget2.9420+0.164%BingX2.9420+0.164%Pacifica2.9438+0.224%dYdX2.9439+0.227%SunX2.9440+0.232%gTrade (Gains Network)2.9449+0.261%
KuCoin
Bybit
Coinbase International
Binance
OKX
Lighter
Deribit
Gate
Bitget
BingX
Pacifica
dYdX
SunX
gTrade (Gains Network)GMX2.9452+0.272%
Hyperliquid2.9452+0.273%edgeX2.9461+0.302%Variational Omni2.9472+0.342%BloFin2.9490+0.403%Kraken Futures2.9495+0.421%HTX2.9510+0.471%Phemex2.9550+0.607%Injective2.9638+0.907%
Hyperliquid
Variational Omni
BloFin
Kraken Futures
HTX
Phemex
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ICP-USD | −0.062% | 0.0000% | 1h | $26K | $133K | 10x | as long as short |
| Aster ICPUSDT | −0.051% | +0.0100% | 8h | $182K | $1.9M | 20x | as long as short |
| MEXC ICP_USDTlong | 0.000% | +0.0003% | 8h | $18.1M | $7.3M | 50x | |
| KuCoin ICPUSDTM | 0.000% | +0.0100% | 8h | $5.0M | $11.1M | 50x | as long as short |
| Bybit ICPUSDT | +0.034% | −0.0211% | 8h | $16.4M | $15.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.034% | +0.0096% | 1h | $67K | $119K | 50x | as long as short |
| Binance ICPUSDT | +0.068% | 0.0000% | 8h | $28.4M | $47.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.068% | −0.0026% | 8h | $5.7M | $15.9M | 50x | as long as short |
| Lighter ICP | +0.071% | +0.0096% | 1h | $145K | $319K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | +0.088% | −0.1040% | 1h | $163 | $167 | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate ICP_USDT | +0.102% | −0.0016% | 8h | $1.8M | $2.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.102% | +0.0100% | 8h | $6.8M | $4.0M | 50x | as long as short |
| BingX ICP-USDT | +0.102% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| Pacifica ICP | +0.162% | +0.0100% | 1h | $133K | $11K | 5x | as long as short |
| dYdX ICP-USD | +0.165% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| SunX ICP-USDT | +0.170% | +0.0100% | 8h | $1K | $1.8M | 20x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.199% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]short | +0.210% | L +0.0356% / S −0.0238% | 1h | $30K | — | 100x | |
| Hyperliquid ICP | +0.211% | +0.0804% | 1h | $4.8M | $3.6M | 5x | as long as short |
| edgeX ICPUSDC | +0.240% | +0.0100% | 4h | $23K | $274K | 10x | as long as short |
| Variational Omni ICP | +0.280% | −0.0380% | 8h | $1.0M | $81K | — | as long as short |
| BloFin ICP-USDT | +0.340% | +0.0020% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.359% | −0.0672% | 1h | $506K | $558K | 50x | as long as short |
| HTX ICP-USDT | +0.408% | +0.0100% | 8h | $111K | $284K | 20x | as long as short |
| Phemex ICPUSDT | +0.544% | −0.0730% | 8h | $1.7M | $757K | 50x | as long as short |
| Injective ICP/USDC PERP | +0.844% | +0.0033% | 1h | $202 | $164K | 12x | as long as short |