Spread before costs (cost unknown: a leg has no order-book sample)+0.305%
7d average+0.173%if it closes, per $10,000$31funding while held, a day+$22.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9500 | −0.0633 | get 0.0633% / 8h | 6m 20s | $1.7M | $751K | 50x |
| Short | Bitget ICPUSDT | 2.9590 | 0.0100 | get 0.0100% / 8h | 6m 20s | $6.9M | $4.0M | 50x |
Phemex ICPUSDT
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
- $30.51
- Funding while held
- $22
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $28.51
- Spread needed to break even
- 0.240%
Slippage unknown: Phemex: live order book, 3 min ago; Bitget: live order book, 3 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0733%
- Per $10,000 a day
- +$22.00
- 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 Phemex live order book, 3 min ago | 6.79 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.39 bp | 15.9 bp −$16 | 33.7 bp −$337 | doesn't fit | doesn't fit |
ICP price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni2.9494cheapest
Variational OmniPhemex2.9500+0.021%
edgeX2.9538+0.149%Bybit2.9560+0.225%OKX2.9570+0.259%Gate2.9570+0.259%KuCoin2.9570+0.259%BingX2.9570+0.259%BloFin2.9570+0.259%Aster2.9580+0.293%MEXC2.9580+0.293%SunX2.9580+0.293%Binance2.9581+0.296%Extended2.9581+0.298%Pacifica2.9585+0.310%Deribit2.9586+0.313%gTrade (Gains Network)2.9589+0.324%dYdX2.9590+0.327%
Bybit
OKX
Gate
KuCoin
BingX
BloFin
Aster
MEXC
SunX
Binance
Extended
Pacifica
Deribit
gTrade (Gains Network)
dYdXBitget2.9590+0.327%
Coinbase International2.9590+0.327%GMX2.9591+0.328%HTX2.9600+0.361%Lighter2.9601+0.364%Kraken Futures2.9617+0.418%Hyperliquid2.9633+0.472%Injective2.9638+0.489%
Coinbase International
GMX
HTX
Lighter
Kraken Futures
Hyperliquid
InjectiveICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.021% | −0.0358% | 8h | $1.0M | $83K | — | as long as short |
| Phemex ICPUSDTlong | 0.000% | −0.0633% | 8h | $1.7M | $751K | 50x | |
| edgeX ICPUSDC | +0.127% | +0.0100% | 4h | $23K | $275K | 10x | as long as short |
| Bybit ICPUSDT | +0.203% | −0.0166% | 8h | $16.6M | $15.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.237% | −0.0014% | 8h | $5.8M | $15.9M | 50x | as long as short |
| Gate ICP_USDT | +0.237% | +0.0005% | 8h | $1.8M | $2.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.237% | +0.0100% | 8h | $5.0M | $11.3M | 50x | as long as short |
| BingX ICP-USDT | +0.237% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| BloFin ICP-USDT | +0.237% | +0.0038% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Aster ICPUSDT | +0.271% | +0.0100% | 8h | $183K | $1.9M | 20x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ICP_USDT | +0.271% | +0.0009% | 8h | $18.6M | $7.4M | 50x | as long as short |
| SunX ICP-USDT | +0.271% | +0.0100% | 8h | $2K | $1.8M | 20x | as long as short |
| Binance ICPUSDT | +0.274% | +0.0012% | 8h | $28.8M | $47.8M | 75x | as long as short |
| Extended ICP-USD | +0.276% | +0.0008% | 1h | $26K | $133K | 10x | as long as short |
| Pacifica ICP | +0.289% | +0.0100% | 1h | $134K | $11K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | +0.292% | −0.0088% | 1h | $264 | $366 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | +0.302% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| dYdX ICP-USD | +0.305% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Bitget ICPUSDTshort | +0.305% | +0.0100% | 8h | $6.9M | $4.0M | 50x | |
| Coinbase International ICP-PERP-INTX | +0.305% | +0.0096% | 1h | $67K | $120K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | +0.307% | L +0.0357% / S −0.0238% | 1h | $30K | — | 100x | as long as short |
| HTX ICP-USDT | +0.339% | +0.0100% | 8h | $112K | $285K | 20x | as long as short |
| Lighter ICP | +0.342% | +0.0096% | 1h | $144K | $321K | 5x | as long as short |
| Kraken Futures PF_ICPUSD | +0.396% | −0.0669% | 1h | $509K | $558K | 50x | as long as short |
| Hyperliquid ICP | +0.451% | +0.0416% | 1h | $4.8M | $3.6M | 5x | as long as short |
| Injective ICP/USDC PERP | +0.468% | +0.0033% | 1h | $202 | $164K | 12x | as long as short |