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
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%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 3.0346 | 0.0100 | pay 0.0013% / 1h | 35m 28s | $138K | $11K | 5x |
| Short | Bybit ICPUSDT | 3.0300 | 0.0100 | get 0.0100% / 8h | 35m 28s | $18.0M | $18.4M | 75x |
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 itlatest
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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Pacifica live order book, 42 min ago | 13.16 bp | 23.7 bp −$24 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.65 bp | 12.1 bp −$12 | 35.4 bp −$354 | 424.6 bp −$42.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1534% | 8h | 3.0360 | +0.045% | $1.8M | $766K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0442% | 1h | 3.0330 | −0.054% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0134% | 8h | 3.0312 | −0.115% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0024% | 8h | 3.0310 | −0.120% | $2.0M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0347 | +0.002% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0335 | −0.036% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.245% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0350 | +0.012% | $159K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0340 | −0.021% | $196K | $1.4M | 20x | as long as short |
| Pacifica ICPlong | +0.0100% | 1h | 3.0346 | long leg | $138K | $11K | 5x |
Show all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0312 | −0.114% | $30.0M | $51.4M | 75x | as long as short |
| Bybit ICPUSDTshort | +0.0100% | 8h | 3.0300 | −0.153% | $18.0M | $18.4M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0300 | −0.153% | $6.2M | $16.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0320 | −0.087% | $19.3M | $9.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0310 | −0.120% | $5.1M | $13.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0320 | −0.087% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0320 | −0.087% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0329 | −0.057% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0315 | −0.103% | $579K | $444K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0320 | −0.087% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0310 | −0.120% | $108K | $222K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0313 | −0.110% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0374 | +0.091% | $539K | $581K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0340 | −0.021% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +0.638% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0250% | 1h | 3.0367 | +0.068% | $4.8M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0334 | −0.042% | $38K | — | 100x | as long as short |
Pacifica ICP
Bybit ICPUSDT
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Binance ICPUSDT
OKX ICP-USDT-SWAP
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
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]