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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: Pacifica against MEXC+0.180%7-day average +0.049% · 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−$61as in the Price arb table
costs, in and out, $10k−$740.741% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.180%, 7d avg +0.049%
Together, before fees+0.147%+ Points / potential airdropPacifica: Active · farm board+$15 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 0.131% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ICP_USDT2.95100.0100pay 0.0100% / 8h4h 52m$19.9M$10.1M50x
ShortPacifica ICP2.95630.0100get 0.0013% / 1h52m 17s$134K$10K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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: +0.180% → +0.049%
$13.07
Slippage, 4 orders
−$66.12
Fee MEXC: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$61.05
Costs to cover
0.741%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Pacifica: live order book, 5 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 MEXC live order book, 1 min ago1.69 bp3.1 bp −$310.7 bp −$10765.1 bp −$6,508125.7 bp −$62.8K
Sell Pacifica live order book, 5 min ago22.12 bp36.3 bp −$36doesn'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
Deribit ICP_USDC-PERPETUAL−0.0089%1h2.9521+0.037%$263$46450xas long as short
dYdX ICP-USD0.0000%1h2.9577+0.229%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9532+0.076%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.525%$202$200K12xas long as short
Variational Omni ICP+0.0091%8h2.9655+0.492%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9530+0.068%$158K$485K5xas long as short
Aster ICPUSDT+0.0100%8h2.9551+0.140%$269K$1.7M20xas long as short
Pacifica ICPshort+0.0100%1h2.9563+0.180%$134K$10K5x
Binance ICPUSDT+0.0100%8h2.95100.000%$29.0M$52.1M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9500−0.034%$17.1M$18.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ICP-USDT-SWAP+0.0100%8h2.95100.000%$5.6M$16.6M50xas long as short
Gate ICP_USDT+0.0100%8h2.9530+0.068%$1.9M$3.0M50xas long as short
MEXC ICP_USDTlong+0.0100%8h2.9510long leg$19.9M$10.1M50x
KuCoin ICPUSDTM+0.0100%8h2.9520+0.034%$4.8M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9530+0.068%$6.9M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h2.9530+0.068%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9633+0.416%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9637+0.431%$573K$464K10xas long as short
SunX ICP-USDT+0.0100%8h2.9500−0.034%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9490−0.068%$103K$181K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9500−0.034%$1.7M$793K50xas long as short
Extended ICP-USD+0.0104%1h2.9522+0.040%$22K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9610+0.339%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9710+0.678%$67K$65K50xas long as short
Hyperliquid ICP+0.0372%1h2.9560+0.169%$4.5M$4.9M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9525+0.052%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0571%1h2.9544+0.114%$519K$630K50xas long as short