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

ICP

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.026%
Price spread now: Bybit against Pacifica−0.153%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$680.681% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.135%−$14 on $10k
Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.153%, 7d avg −0.077%
Together, before fees−0.098%+ Points / potential airdropPacifica: Active · farm board−$10 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: Bybit is 0.076% cheaper against Pacifica than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP3.03460.0100pay 0.0013% / 1h35m 28s$138K$11K5x
ShortBybit ICPUSDT3.03000.0100get 0.0100% / 8h35m 28s$18.0M$18.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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: −0.153% → −0.077%
−$7.6
Slippage, 4 orders
−$49.14
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$75.74
Costs to cover
0.681%
Break-even
never at this rate
Slippage from Pacifica: live order book, 42 min ago; Bybit: live order book, 3 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 Pacifica live order book, 42 min ago13.16 bp23.7 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.65 bp12.1 bp −$1235.4 bp −$354424.6 bp −$42.5Kdoesn'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−0.1534%8h3.0360+0.045%$1.8M$766K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0442%1h3.0330−0.054%$270$46450xas long as short
Variational Omni ICP−0.0134%8h3.0312−0.115%$1.1M$107Kas long as short
Gate ICP_USDT−0.0024%8h3.0310−0.120%$2.0M$2.9M50xas long as short
dYdX ICP-USD0.0000%1h3.0347+0.002%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h3.0335−0.036%$27K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.245%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0350+0.012%$159K$452K5xas long as short
Aster ICPUSDT+0.0100%8h3.0340−0.021%$196K$1.4M20xas long as short
Pacifica ICPlong+0.0100%1h3.0346long leg$138K$11K5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h3.0312−0.114%$30.0M$51.4M75xas long as short
Bybit ICPUSDTshort+0.0100%8h3.0300−0.153%$18.0M$18.4M75x
OKX ICP-USDT-SWAP+0.0100%8h3.0300−0.153%$6.2M$16.7M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0320−0.087%$19.3M$9.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0310−0.120%$5.1M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0320−0.087%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h3.0320−0.087%$5.2Mas long as short
edgeX ICPUSDC+0.0100%4h3.0329−0.057%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0315−0.103%$579K$444K10xas long as short
SunX ICP-USDT+0.0100%8h3.0320−0.087%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0310−0.120%$108K$222K20xas long as short
Extended ICP-USD+0.0104%1h3.0313−0.110%$25K$118K10xas long as short
Kraken Futures PF_ICPUSD+0.0171%1h3.0374+0.091%$539K$581K50xas long as short
BloFin ICP-USDT+0.0220%8h3.0340−0.021%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0540+0.638%$64K$89K50xas long as short
Hyperliquid ICP+0.0250%1h3.0367+0.068%$4.8M$5.0M5xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0509% / S −0.0480%1h3.0334−0.042%$38K100xas long as short