Funding you earn now, next payment 01:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.082%
Price spread now: Pacifica against Kraken Futures+0.273%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$870.872% of the position
Funding, last 7 days+0.451%+$45 on $10k
+Price spread, last 3 days (all we have)−0.215%−$22 · spread now +0.273%, 7d avg −0.016%
=Together, before fees+0.236%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Pacifica is 0.290% dearer against Kraken Futures than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 3.0398 | −0.0122 | get 0.0015% / 1h | 38m 52s | $554K | $602K | 50x |
| Short | Pacifica ICP | 3.0481 | 0.0100 | get 0.0013% / 1h | 38m 52s | $138K | $11K | 5x |
Kraken Futures PF_ICPUSD
Pacifica ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Kraken Futures. 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
- $46.54
- Price spread: +0.273% → −0.016%
- $28.96
- Slippage, 4 orders
- −$69.23
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$11.72
- Costs to cover
- 0.872%
- Break-even
- 8.8 days
Slippage from Kraken Futures: live order book, 34 min ago; Pacifica: live order book, 34 min ago.
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 Kraken Futures live order book, 34 min ago | 8.28 bp | 20.9 bp −$21 | 44.5 bp −$445 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 34 min ago | 15.59 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0672% | 1h | 3.0342 | −0.185% | $270 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSDlong | −0.0122% | 1h | 3.0398 | long leg | $554K | $602K | 50x | |
| Phemex ICPUSDT | −0.0103% | 8h | 3.0340 | −0.191% | $1.8M | $773K | 50x | as long as short |
| Variational Omni ICP | −0.0086% | 8h | 3.0390 | −0.026% | $1.1M | $111K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0510 | +0.369% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0374 | −0.079% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.412% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0388 | −0.034% | $174K | $479K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0395 | −0.009% | $300K | $1.6M | 20x | as long as short |
| Pacifica ICPshort | +0.0100% | 1h | 3.0481 | +0.273% | $138K | $11K | 5x |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0370 | −0.093% | $30.3M | $52.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0360 | −0.126% | $18.1M | $18.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0370 | −0.093% | $6.2M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0370 | −0.093% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0360 | −0.126% | $19.3M | $9.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0360 | −0.126% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0370 | −0.093% | $7.1M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0360 | −0.126% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0416 | +0.058% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0459 | +0.199% | $589K | $471K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0370 | −0.093% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0360 | −0.126% | $106K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0342 | −0.184% | $22K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0167% | 1h | 3.0403 | +0.016% | $4.7M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0500 | +0.335% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0540 | +0.466% | $63K | $87K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0389 | −0.031% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]