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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Pacifica against Extended+0.013%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$690.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 4 days (all we have)+0.125%+$13 · spread now +0.013%, 7d avg +0.079%
Together, before fees+0.191%+ Points / potential airdropExtended: Active · Pacifica: Active · farm board+$19 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 0.065% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ICP-USD2.99230.0104pay 0.0013% / 1h40m 10s$25K$124K10x
ShortPacifica ICP2.99270.0100get 0.0013% / 1h40m 10s$136K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Extended. 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
−$0.84
Price spread: +0.013% → +0.079%
−$6.54
Slippage, 4 orders
−$55.93
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$76.31
Costs to cover
0.689%
Break-even
never at this rate
Slippage from Extended: live order book, 40 min ago; Pacifica: live order book, 42 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 Extended live order book, 40 min ago3.86 bp12.9 bp −$1369.9 bp −$699doesn't fitdoesn't fit
Sell Pacifica live order book, 42 min ago10.21 bp21.5 bp −$22doesn'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
Phemex ICPUSDT−0.1270%8h2.9760−0.546%$1.7M$776K50xas long as short
Variational Omni ICP−0.0193%8h2.9912−0.040%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.864%$202$200K12xas long as short
Gate ICP_USDT−0.0101%8h2.9910−0.045%$1.9M$2.8M50xas long as short
dYdX ICP-USD0.0000%1h2.9937+0.044%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9929+0.019%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9925+0.004%$27K150xas long as short
Bybit ICPUSDT+0.0077%8h2.9910−0.045%$17.3M$17.8M75xas long as short
Lighter ICP+0.0096%1h2.9957+0.112%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9951+0.092%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICPshort+0.0100%1h2.9927+0.013%$136K$11K5x
Binance ICPUSDT+0.0100%8h2.9933+0.033%$29.8M$49.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9930+0.022%$5.9M$15.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9930+0.022%$18.9M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9930+0.022%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9930+0.022%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9920−0.011%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9887−0.120%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9865−0.194%$571K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9920−0.011%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9900−0.078%$106K$219K20xas long as short
Extended ICP-USDlong+0.0104%1h2.9923long leg$25K$124K10x
BloFin ICP-USDT+0.0220%8h2.9920−0.011%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9957+0.112%$491K$519K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0000+0.256%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9921−0.007%$37K100xas long as short
Hyperliquid ICP+0.0657%1h2.9985+0.206%$4.8M$5.0M5xas long as short