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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Extended against Pacifica−0.013%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$690.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$7 on $10k
Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.013%, 7d avg −0.079%
Together, before fees−0.191%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$19 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: Extended is 0.065% dearer against Pacifica than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP2.99270.0100pay 0.0013% / 1h40m 18s$136K$11K5x
ShortExtended ICP-USD2.99230.0104get 0.0013% / 1h40m 18s$25K$124K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.013% → −0.079%
$6.54
Slippage, 4 orders
−$55.93
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$61.55
Costs to cover
0.689%
Break-even
519.9 days
Slippage from Pacifica: live order book, 42 min ago; Extended: live order book, 40 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 ago10.21 bp21.5 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 40 min ago3.86 bp13.0 bp −$1361.1 bp −$611doesn'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
Phemex ICPUSDT−0.1267%8h2.9750−0.593%$1.7M$777K50xas long as short
Variational Omni ICP−0.0193%8h2.9912−0.053%$1.1M$121Kas long as short
Injective ICP/USDC PERP−0.0152%1h2.9665−0.877%$202$200K12xas long as short
Gate ICP_USDT−0.0101%8h2.9900−0.092%$1.9M$2.7M50xas long as short
dYdX ICP-USD0.0000%1h2.9937+0.030%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9929+0.005%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0010%1h2.9925−0.009%$27K150xas long as short
Bybit ICPUSDT+0.0077%8h2.9910−0.058%$17.3M$17.8M75xas long as short
Lighter ICP+0.0096%1h2.9944+0.055%$166K$442K5xas long as short
Aster ICPUSDT+0.0100%8h2.9951+0.078%$185K$1.4M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICPlong+0.0100%1h2.9927long leg$136K$11K5x
Binance ICPUSDT+0.0100%8h2.9929+0.007%$29.8M$49.6M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9930+0.009%$5.9M$15.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9920−0.025%$18.9M$8.6M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9920−0.025%$5.1M$13.0M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9930+0.009%$6.9M$4.4M50xas long as short
BingX ICP-USDT+0.0100%8h2.9920−0.025%$4.9Mas long as short
edgeX ICPUSDC+0.0100%4h2.9887−0.134%$23K$277K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9865−0.208%$571K$469K10xas long as short
SunX ICP-USDT+0.0100%8h2.9920−0.025%$2K$1.7M20xas long as short
HTX ICP-USDT+0.0100%8h2.9890−0.125%$106K$219K20xas long as short
Extended ICP-USDshort+0.0104%1h2.9923−0.013%$25K$124K10x
BloFin ICP-USDT+0.0220%8h2.9920−0.025%$1.2M$2.3M75xas long as short
Kraken Futures PF_ICPUSD+0.0223%1h2.9957+0.098%$491K$519K50xas long as short
Coinbase International ICP-PERP-INTX+0.0240%1h3.0000+0.242%$63K$91K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0504% / S −0.0480%1h2.9921−0.020%$37K100xas long as short
Hyperliquid ICP+0.0651%1h2.9982+0.182%$4.8M$5.0M5xas long as short