ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.15 per $10,000 · paid last 24h −0.132%

Price spread now: Deribit against Pacifica+0.234%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.234% dearer against Pacifica than usual: you sell high and buy low (spread +0.234% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ICP	2.9982	0.0100	pay 0.0013% / 1h	7m 45s	$136K	$11K	5x
Short	Deribit ICP_USDC-PERPETUAL	3.0052	−0.0016	pay 0.0002% / 1h	7m 45s	$268	$464	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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

Position, each leg$Hold fordaysFee PacificabpFee DeribitbpOrdersPrice spread, now +0.234%Rate

Funding earned: −$24.36
Price spread: +0.234% → 0.000%: $23.43
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$15.93
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 60 min ago; Deribit: no order-book sample. Net counts fees only.

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, 60 min ago	11.46 bp	22.7 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ICP on 26 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-PERPETUALshort	−0.0016%	1h	3.0052	+0.234%	$268	$464	50x
Phemex ICPUSDT	−0.0005%	8h	3.0010	+0.094%	$1.8M	$798K	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9988	+0.021%	$70K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0011%	1h	3.0053	+0.237%	$23K	—	150x	as long as short
Variational Omni ICP	+0.0014%	8h	3.0080	+0.327%	$1.1M	$116K	—	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−1.057%	$202	$200K	12x	as long as short
Lighter ICP	+0.0096%	1h	3.0066	+0.281%	$164K	$492K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0047	+0.217%	$279K	$1.7M	20x	as long as short
Pacifica ICPlong	+0.0100%	1h	2.9982	long leg	$136K	$11K	5x
Binance ICPUSDT	+0.0100%	8h	3.0051	+0.230%	$29.7M	$53.6M	75x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ICPUSDT	+0.0100%	8h	3.0030	+0.161%	$17.6M	$19.0M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	3.0030	+0.161%	$5.8M	$17.1M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	3.0040	+0.194%	$1.9M	$3.1M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0050	+0.228%	$19.4M	$10.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	3.0030	+0.161%	$4.9M	$13.4M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0050	+0.228%	$7.1M	$4.9M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0050	+0.228%	—	$6.0M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0074	+0.308%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0113	+0.437%	$584K	$491K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9960	−0.073%	$1K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9960	−0.073%	$105K	$239K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	3.0039	+0.191%	$22K	$125K	10x	as long as short
Hyperliquid ICP	+0.0138%	1h	3.0083	+0.338%	$4.7M	$5.0M	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0256%	1h	3.0140	+0.528%	$65K	$71K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0509% / S −0.0480%	1h	3.0050	+0.227%	$37K	—	100x	as long as short
Kraken Futures PF_ICPUSD	+0.0893%	1h	3.0079	+0.323%	$545K	$609K	50x	as long as short