Settings8H · net · $10k
Funding arb · Price arb /

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Bitget−0.047%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$970.974% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.047%, 7d avg +0.029%
Together, before fees+0.355%+ Points / potential airdropPacifica: Active · farm board+$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.076% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ICPUSDT2.96500.0100pay 0.0100% / 8h4h 54m$7.0M$4.8M50x
ShortPacifica ICP2.96360.0100get 0.0013% / 1h54m 57s$134K$10K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.047% → +0.029%
−$7.6
Slippage, 4 orders
−$77.42
Fee Bitget: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$105.01
Costs to cover
0.974%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago3.38 bp15.3 bp −$1532.6 bp −$326doesn't fitdoesn't fit
Sell Pacifica live order book, 3 min ago22.12 bp36.3 bp −$36doesn't fitdoesn't fitdoesn't fit

ICP on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit ICP_USDC-PERPETUAL−0.0020%1h2.9640−0.034%$264$46450xas long as short
dYdX ICP-USD0.0000%1h2.9630−0.067%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9644−0.021%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.051%$202$200K12xas long as short
Variational Omni ICP+0.0091%8h2.9655+0.017%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9664+0.047%$158K$485K5xas long as short
Aster ICPUSDT+0.0100%8h2.96500.000%$270K$1.7M20xas long as short
Pacifica ICPshort+0.0100%1h2.9636−0.047%$134K$10K5x
Binance ICPUSDT+0.0100%8h2.9626−0.080%$29.1M$52.3M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9610−0.135%$17.1M$18.7M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.9630−0.067%$5.7M$16.7M50xas long as short
Gate ICP_USDT+0.0100%8h2.9620−0.101%$1.9M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9630−0.067%$20.0M$10.1M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9640−0.034%$4.8M$13.0M50xas long as short
Bitget ICPUSDTlong+0.0100%8h2.9650long leg$7.0M$4.8M50x
BingX ICP-USDT+0.0100%8h2.9630−0.067%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9572−0.262%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9637−0.043%$573K$464K10xas long as short
SunX ICP-USDT+0.0100%8h2.9620−0.101%$1K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9570−0.270%$103K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9620−0.101%$1.8M$793K50xas long as short
Extended ICP-USD+0.0104%1h2.9638−0.041%$22K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9690+0.135%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9710+0.202%$67K$65K50xas long as short
Hyperliquid ICP+0.0417%1h2.9685+0.118%$4.6M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9646−0.015%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0569%1h2.9664+0.046%$522K$631K50xas long as short