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
Funding, last 7 days−0.297%−$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 3.0030 | 0.0240 | pay 0.0030% / 1h | 17m 11s | $63K | $91K | 50x |
| Short | Pacifica ICP | 3.0016 | 0.0100 | get 0.0013% / 1h | 17m 11s | $136K | $11K | 5x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Coinbase International no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, just now | 13.16 bp | 19.2 bp −$19 | doesn't fit | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1485% | 8h | 2.9810 | −0.733% | $1.7M | $772K | 50x | as long as short |
| Variational Omni ICP | −0.0166% | 8h | 2.9981 | −0.162% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.215% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0056% | 8h | 2.9980 | −0.167% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0029 | −0.004% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9996 | −0.113% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0010 | −0.067% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0028 | −0.007% | $166K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0030 | 0.000% | $203K | $1.4M | 20x | as long as short |
| Pacifica ICPshort | +0.0100% | 1h | 3.0016 | −0.046% | $136K | $11K | 5x |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9994 | −0.120% | $29.7M | $50.3M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9980 | −0.167% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9990 | −0.133% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0000 | −0.100% | $19.6M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9990 | −0.133% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0000 | −0.100% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9990 | −0.133% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0006 | −0.079% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0022 | −0.025% | $575K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0000 | −0.100% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | −0.333% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9991 | −0.130% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9980 | −0.167% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 3.0024 | −0.021% | $487K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0240% | 1h | 3.0030 | long leg | $63K | $91K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0506% / S −0.0480% | 1h | 2.9996 | −0.114% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0674% | 1h | 3.0061 | +0.102% | $4.8M | $5.0M | 5x | as long as short |
Coinbase International ICP-PERP-INTX
Pacifica ICP
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP