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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Pacifica against Gate+0.136%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$860.857% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.174%+$17 on $10k
Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.136%, 7d avg +0.069%
Together, before fees+0.165%+ Points / potential airdropPacifica: Active · farm board+$17 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 0.067% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.069%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT3.03900.0100pay 0.0100% / 8h7h 44m$2.0M$3.0M50x
ShortPacifica ICP3.04310.0100get 0.0013% / 1h44m 20s$138K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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: +0.136% → +0.069%
$6.69
Slippage, 4 orders
−$62.72
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$79.03
Costs to cover
0.857%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Pacifica: live order book, 28 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 Gate live order book, 4 min ago3.29 bp21.6 bp −$2244.5 bp −$44575.4 bp −$7,539doesn't fit
Sell Pacifica live order book, 28 min ago15.59 bp21.6 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−0.0555%8h3.0360−0.099%$1.8M$767K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0408%1h3.0378−0.039%$271$46450xas long as short
Kraken Futures PF_ICPUSD−0.0122%1h3.0426+0.119%$555K$600K50xas long as short
Variational Omni ICP−0.0087%8h3.0405+0.050%$1.1M$111Kas long as short
dYdX ICP-USD0.0000%1h3.0446+0.183%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0404+0.048%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.386%$202$200K12xas long as short
GRVT ICP_USDT_Perp+0.0066%8h3.0347−0.142%$587K$471K10xas long as short
Lighter ICP+0.0096%1h3.0426+0.118%$174K$479K5xas long as short
Aster ICPUSDT+0.0100%8h3.0416+0.084%$300K$1.6M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICPshort+0.0100%1h3.0431+0.136%$138K$11K5x
Binance ICPUSDT+0.0100%8h3.0370−0.066%$30.3M$52.6M75xas long as short
Bybit ICPUSDT+0.0100%8h3.0380−0.033%$18.0M$18.7M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0380−0.033%$6.2M$17.0M50xas long as short
Gate ICP_USDTlong+0.0100%8h3.0390long leg$2.0M$3.0M50x
MEXC ICP_USDT+0.0100%8h3.0380−0.033%$19.3M$9.5M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0380−0.033%$5.2M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0410+0.066%$7.1M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.03900.000%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0333−0.188%$23K$279K10xas long as short
SunX ICP-USDT+0.0100%8h3.0380−0.033%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0360−0.099%$106K$239K20xas long as short
Extended ICP-USD+0.0104%1h3.0373−0.056%$22K$118K10xas long as short
Hyperliquid ICP+0.0187%1h3.0433+0.141%$4.7M$5.0M5xas long as short
BloFin ICP-USDT+0.0220%8h3.03900.000%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0470+0.263%$63K$89K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0510% / S −0.0480%1h3.0396+0.021%$38K100xas long as short