data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

ICP

all ICP markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Spread before costs (cost unknown: a leg has no order-book sample)+0.088%
7d average+0.183%if it closes, per $10,000$9funding while held, a day+$6.85
Long on PhemexShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ICPUSDT2.9620−0.0132get 0.0132% / 8h7h 46m$1.7M$772K50x
ShortLighter ICP2.96460.0096get 0.0012% / 1h46m 12s$145K$310K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$8.78
Funding while held
$6.85
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$3.63
Spread needed to break even
0.120%
Slippage unknown: Phemex: live order book, 4 min ago; Lighter: live order book, 46 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0228%
Per $10,000 a day
+$6.85
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago1.69 bp88.4 bp −$88doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 46 min ago1.02 bp12.2 bp −$1233.2 bp −$332doesn't fitdoesn't fit

ICP price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni2.9533cheapestedgeX2.9594+0.208%Bybit2.9610+0.262%Binance2.9615+0.281%dYdX2.9620+0.296%OKX2.9620+0.296%Gate2.9620+0.296%MEXC2.9620+0.296%KuCoin2.9620+0.296%BingX2.9620+0.296%SunX2.9620+0.296%
Phemex2.9620+0.296%
BloFin2.9620+0.296%Extended2.9620+0.296%Bitget2.9630+0.330%HTX2.9630+0.330%Injective2.9638+0.357%Aster2.9640+0.364%Deribit2.9640+0.364%gTrade (Gains Network)2.9641+0.367%Pacifica2.9645+0.380%
Lighter2.9646+0.384%
GMX2.9648+0.391%Coinbase International2.9670+0.466%Hyperliquid2.9675+0.482%Kraken Futures2.9676+0.486%

ICP on 26 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni ICP−0.295%−0.0349%8h$1.0M$84K—as long as short
edgeX ICPUSDC−0.088%+0.0100%4h$23K$276K10xas long as short
Bybit ICPUSDT−0.034%−0.0083%8h$16.6M$15.2M75xas long as short
Binance ICPUSDT−0.016%+0.0015%8h$28.9M$47.3M75xas long as short
dYdX ICP-USD0.000%0.0000%1h$70K$3K5xas long as short
OKX ICP-USDT-SWAP0.000%+0.0001%8h$5.8M$15.7M50xas long as short
Gate ICP_USDT0.000%−0.0079%8h$1.8M$2.0M50xas long as short
MEXC ICP_USDT0.000%+0.0014%8h$18.4M$7.1M50xas long as short
KuCoin ICPUSDTM0.000%+0.0100%8h$5.0M$11.4M50xas long as short
BingX ICP-USDT0.000%+0.0100%8h—$3.6M—as long as short
Show all 26 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SunX ICP-USDT0.000%+0.0100%8h$1K$1.8M20xas long as short
Phemex ICPUSDTlong0.000%−0.0132%8h$1.7M$772K50x
BloFin ICP-USDT0.000%+0.0059%8h$1.2M$2.4M75xas long as short
Extended ICP-USD0.000%+0.0016%1h$26K$133K10xas long as short
Bitget ICPUSDT+0.034%+0.0100%8h$6.9M$3.9M50xas long as short
HTX ICP-USDT+0.034%+0.0100%8h$112K$289K20xas long as short
Injective ICP/USDC PERP+0.061%+0.0033%1h$202$130K12xas long as short
Aster ICPUSDT+0.068%+0.0100%8h$184K$1.9M20xas long as short
Deribit ICP_USDC-PERPETUAL+0.068%−0.0155%1h$264$36650xas long as short
gTrade (Gains Network) ICP/USD+0.071%L +0.0006% / S −0.0010%1h$26K—150xas long as short
Pacifica ICP+0.084%+0.0100%1h$134K$11K5xas long as short
Lighter ICPshort+0.088%+0.0096%1h$145K$310K5x
GMX ICP/USD [WBTC.b-USDC]+0.094%L +0.0376% / S −0.0257%1h$31K—100xas long as short
Coinbase International ICP-PERP-INTX+0.169%+0.0096%1h$67K$119K50xas long as short
Hyperliquid ICP+0.186%+0.0284%1h$4.8M$3.6M5xas long as short
Kraken Futures PF_ICPUSD+0.190%−0.0090%1h$509K$552K50xas long as short