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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0140%/8h= −15.3% APRnext payment $0.18 per $10,000 · paid last 24h −0.008%
Price spread now: Pacifica against Coinbase International−0.046%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.297%−$30 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Pacifica is 0.046% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International ICP-PERP-INTX3.00300.0240pay 0.0030% / 1h17m 11s$63K$91K50x
ShortPacifica ICP3.00160.0100get 0.0013% / 1h17m 11s$136K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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
−$29.4
Price spread: −0.046% → 0.000%
−$4.59
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$51.99
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Pacifica: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Pacifica live order book, just now13.16 bp19.2 bp −$19doesn't fitdoesn't fitdoesn't fit
Coinbase International: 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 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
Phemex ICPUSDT−0.1485%8h2.9810−0.733%$1.7M$772K50xas long as short
Variational Omni ICP−0.0166%8h2.9981−0.162%$1.1M$107Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−1.215%$202$200K12xas long as short
Gate ICP_USDT−0.0056%8h2.9980−0.167%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h3.0029−0.004%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9996−0.113%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0010−0.067%$27K150xas long as short
Lighter ICP+0.0096%1h3.0028−0.007%$166K$443K5xas long as short
Aster ICPUSDT+0.0100%8h3.00300.000%$203K$1.4M20xas long as short
Pacifica ICPshort+0.0100%1h3.0016−0.046%$136K$11K5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9994−0.120%$29.7M$50.3M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9980−0.167%$17.4M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9990−0.133%$5.9M$16.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0000−0.100%$19.6M$8.8M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9990−0.133%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0000−0.100%$6.9M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9990−0.133%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h3.0006−0.079%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0022−0.025%$575K$435K10xas long as short
SunX ICP-USDT+0.0100%8h3.0000−0.100%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9930−0.333%$106K$219K20xas long as short
Extended ICP-USD+0.0104%1h2.9991−0.130%$25K$118K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9980−0.167%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h3.0024−0.021%$487K$528K50xas long as short
Coinbase International ICP-PERP-INTXlong+0.0240%1h3.0030long leg$63K$91K50x
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9996−0.114%$37K100xas long as short
Hyperliquid ICP+0.0674%1h3.0061+0.102%$4.8M$5.0M5xas long as short