Spread before costs (cost unknown: a leg has no order-book sample)+0.120%
7d average—if it closes, per $10,000$12funding while held, a day−$2.70
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ICPUSDT | 2.8990 | 0.0100 | pay 0.0100% / 8h | 5h 10m | $1.7M | $796K | 50x |
| Short | gTrade (Gains Network) ICP/USD | 2.9025 | L +0.0006% / S −0.0010% | get 0.0001% / 1h | 10m 49s | $26K | — | 150x |
Phemex ICPUSDT
gTrade (Gains Network) ICP/USDPrice 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
- $12
- Funding while held
- −$2.7
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$12.7
- Spread needed to break even
- 0.220%
Slippage unknown: Phemex: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0090%
- Per $10,000 a day
- −$2.70
- 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, 4 min ago | 6.90 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Injective2.8925cheapestBybit2.8970+0.156%OKX2.8990+0.225%Gate2.8990+0.225%
Injective
Bybit
OKX
GatePhemex2.8990+0.225%
Lighter2.8998+0.252%MEXC2.9000+0.259%KuCoin2.9000+0.259%BingX2.9000+0.259%BloFin2.9000+0.259%Extended2.9002+0.266%Binance2.9010+0.294%Bitget2.9010+0.294%SunX2.9010+0.294%HTX2.9010+0.294%Deribit2.9016+0.315%Kraken Futures2.9018+0.323%edgeX2.9019+0.325%Hyperliquid2.9021+0.332%Variational Omni2.9021+0.332%dYdX2.9024+0.343%
Lighter
MEXC
KuCoin
BingX
BloFin
Extended
Binance
Bitget
SunX
HTX
Deribit
Kraken Futures
Hyperliquid
Variational Omni
dYdXgTrade (Gains Network)2.9025+0.345%
GMX2.9025+0.345%Aster2.9026+0.350%Pacifica2.9034+0.377%Coinbase International2.9060+0.467%
GMX
Aster
Pacifica
Coinbase InternationalICP on 26 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ICP/USDC PERP | −0.224% | +0.0033% | 1h | $197 | $101K | 12x | as long as short |
| Bybit ICPUSDT | −0.069% | −0.0266% | 8h | $16.4M | $16.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | 0.000% | +0.0073% | 8h | $5.6M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | 0.000% | −0.0213% | 8h | $1.8M | $2.6M | 50x | as long as short |
| Phemex ICPUSDTlong | 0.000% | +0.0100% | 8h | $1.7M | $796K | 50x | |
| Lighter ICP | +0.028% | +0.0096% | 1h | $202K | $356K | 5x | as long as short |
| MEXC ICP_USDT | +0.034% | +0.0086% | 8h | $18.5M | $7.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.034% | +0.0100% | 8h | $5.1M | $12.0M | 50x | as long as short |
| BingX ICP-USDT | +0.034% | +0.0100% | 8h | — | $4.6M | — | as long as short |
| BloFin ICP-USDT | +0.034% | +0.0208% | 8h | $1.2M | $2.3M | 75x | as long as short |
Show all 26 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ICP-USD | +0.041% | +0.0088% | 1h | $24K | $133K | 10x | as long as short |
| Binance ICPUSDT | +0.069% | +0.0088% | 8h | $28.0M | $47.2M | 75x | as long as short |
| Bitget ICPUSDT | +0.069% | +0.0100% | 8h | $6.7M | $4.1M | 50x | as long as short |
| SunX ICP-USDT | +0.069% | +0.0100% | 8h | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.069% | +0.0100% | 8h | $104K | $218K | 20x | as long as short |
| Deribit ICP_USDC-PERPETUAL | +0.090% | −0.0095% | 1h | $259 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | +0.098% | −0.0044% | 1h | $473K | $533K | 50x | as long as short |
| edgeX ICPUSDC | +0.100% | +0.0100% | 4h | $23K | $275K | 10x | as long as short |
| Hyperliquid ICP | +0.107% | +0.0100% | 1h | $4.5M | $3.9M | 5x | as long as short |
| Variational Omni ICP | +0.107% | −0.0373% | 8h | $1.0M | $116K | — | as long as short |
| dYdX ICP-USD | +0.118% | 0.0000% | 1h | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USDshort | +0.120% | L +0.0006% / S −0.0010% | 1h | $26K | — | 150x | |
| GMX ICP/USD [WBTC.b-USDC] | +0.120% | L +0.0362% / S −0.0248% | 1h | $30K | — | 100x | as long as short |
| Aster ICPUSDT | +0.125% | +0.0089% | 8h | $192K | $1.8M | 20x | as long as short |
| Pacifica ICP | +0.152% | +0.0100% | 1h | $132K | $10K | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.241% | +0.0224% | 1h | $61K | $84K | 50x | as long as short |