Spread before costs (cost unknown: a leg has no order-book sample)−0.202%
7d average+0.125%if it closes, per $10,000$20funding while held, a day+$17.45
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.9700 | −0.0783 | get 0.0783% / 8h | 48m 06s | $1.7M | $759K | 50x |
| Short | Bybit ICPUSDT | 2.9640 | −0.0201 | pay 0.0201% / 8h | 48m 06s | $16.6M | $15.1M | 75x |
Phemex ICPUSDT
Bybit 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
- −$20.2
- Funding while held
- $17.45
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$25.75
- Spread needed to break even
- 0.230%
Slippage unknown: Phemex: live order book, 1 min ago; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0582%
- Per $10,000 a day
- +$17.45
- 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, 1 min ago | 1.68 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.37 bp | 13.0 bp −$13 | 29.5 bp −$295 | 519.6 bp −$52.0K | doesn't fit |
ICP price on every exchange
against the cheapest. Click to use as the short leg.OKX2.9630cheapestSunX2.9630cheapestBinance2.9631+0.005%Extended2.9633+0.010%Injective2.9638+0.027%
OKX
SunX
Binance
Extended
InjectiveBybit2.9640+0.034%
Gate2.9640+0.034%MEXC2.9640+0.034%BingX2.9640+0.034%Deribit2.9642+0.040%KuCoin2.9650+0.067%Bitget2.9650+0.067%HTX2.9660+0.101%Lighter2.9666+0.121%dYdX2.9666+0.122%Pacifica2.9672+0.141%GMX2.9674+0.148%gTrade (Gains Network)2.9674+0.148%Aster2.9678+0.161%Kraken Futures2.9679+0.167%BloFin2.9680+0.169%Variational Omni2.9686+0.190%edgeX2.9697+0.225%
Gate
MEXC
BingX
Deribit
KuCoin
Bitget
HTX
Lighter
dYdX
Pacifica
GMX
gTrade (Gains Network)
Aster
Kraken Futures
BloFin
Variational OmniPhemex2.9700+0.236%
Hyperliquid2.9714+0.283%Coinbase International2.9760+0.439%
Hyperliquid
Coinbase InternationalICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | −0.236% | −0.0010% | 8h | $5.8M | $15.9M | 50x | as long as short |
| SunX ICP-USDT | −0.236% | +0.0100% | 8h | $1K | $1.8M | 20x | as long as short |
| Binance ICPUSDT | −0.231% | +0.0018% | 8h | $28.7M | $47.2M | 75x | as long as short |
| Extended ICP-USD | −0.226% | +0.0016% | 1h | $26K | $133K | 10x | as long as short |
| Injective ICP/USDC PERP | −0.209% | +0.0033% | 1h | $202 | $164K | 12x | as long as short |
| Bybit ICPUSDTshort | −0.202% | −0.0201% | 8h | $16.6M | $15.1M | 75x | |
| Gate ICP_USDT | −0.202% | +0.0002% | 8h | $1.8M | $2.3M | 50x | as long as short |
| MEXC ICP_USDT | −0.202% | +0.0019% | 8h | $18.6M | $7.1M | 50x | as long as short |
| BingX ICP-USDT | −0.202% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.195% | −0.0862% | 1h | $164 | $167 | 50x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ICPUSDTM | −0.168% | +0.0100% | 8h | $5.0M | $11.1M | 50x | as long as short |
| Bitget ICPUSDT | −0.168% | +0.0100% | 8h | $6.9M | $4.0M | 50x | as long as short |
| HTX ICP-USDT | −0.135% | +0.0100% | 8h | $112K | $284K | 20x | as long as short |
| Lighter ICP | −0.114% | +0.0096% | 1h | $148K | $317K | 5x | as long as short |
| dYdX ICP-USD | −0.114% | 0.0000% | 1h | $70K | $3K | 5x | as long as short |
| Pacifica ICP | −0.095% | +0.0100% | 1h | $134K | $11K | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | −0.088% | L +0.0357% / S −0.0238% | 1h | $30K | — | 100x | as long as short |
| gTrade (Gains Network) ICP/USD | −0.088% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | as long as short |
| Aster ICPUSDT | −0.075% | +0.0100% | 8h | $178K | $1.9M | 20x | as long as short |
| Kraken Futures PF_ICPUSD | −0.069% | −0.0667% | 1h | $510K | $558K | 50x | as long as short |
| BloFin ICP-USDT | −0.067% | +0.0079% | 8h | $1.2M | $2.4M | 75x | as long as short |
| Variational Omni ICP | −0.046% | −0.0371% | 8h | $1.1M | $80K | — | as long as short |
| edgeX ICPUSDC | −0.011% | +0.0100% | 4h | $23K | $275K | 10x | as long as short |
| Phemex ICPUSDTlong | 0.000% | −0.0783% | 8h | $1.7M | $759K | 50x | |
| Hyperliquid ICP | +0.047% | +0.0993% | 1h | $4.9M | $3.6M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.202% | +0.0096% | 1h | $67K | $120K | 50x | as long as short |