Funding you earn now, next payment 23:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.021%
Price spread now: Gate against Pacifica+0.083%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$820.820% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 4 days (all we have)−0.255%−$26 · spread now +0.083%, 7d avg −0.068%
=Together, before fees−0.445%+ Points / potential airdropPacifica: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.151% dearer against Pacifica than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of −0.068%): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.190% in total) that is about 5.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 2.9745 | 0.0100 | pay 0.0013% / 1h | 52m 02s | $135K | $11K | 5x |
| Short | Gate ICP_USDT | 2.9770 | −0.0110 | pay 0.0110% / 8h | 1h 52m | $1.9M | $2.7M | 50x |
Pacifica ICP
Gate ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$44.1
- Price spread: +0.083% → −0.068%
- $15.09
- Slippage, 4 orders
- −$59.04
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$111.06
- Costs to cover
- 0.820%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 30 min ago; Gate: live order book, 6 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, 30 min ago | 10.21 bp | 21.5 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 5.04 bp | 17.5 bp −$18 | 66.9 bp −$669 | 237.1 bp −$23.7K | 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 | −0.1232% | 8h | 2.9710 | −0.119% | $1.7M | $778K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0254% | 1h | 2.9732 | −0.045% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0215% | 8h | 2.9802 | +0.192% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.270% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDTshort | −0.0110% | 8h | 2.9770 | +0.083% | $1.9M | $2.7M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9754 | +0.031% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9745 | −0.001% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0055% | 8h | 2.9760 | +0.049% | $17.1M | $17.7M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9814 | +0.231% | $166K | $441K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9804 | +0.196% | $184K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICPlong | +0.0100% | 1h | 2.9745 | long leg | $135K | $11K | 5x | |
| Binance ICPUSDT | +0.0100% | 8h | 2.9800 | +0.184% | $29.0M | $49.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9780 | +0.116% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9790 | +0.150% | $19.2M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9790 | +0.150% | $5.0M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9800 | +0.184% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9780 | +0.116% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9812 | +0.225% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9790 | +0.150% | $570K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9720 | −0.085% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9800 | +0.184% | $106K | $218K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9795 | +0.168% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9770 | +0.083% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0225% | 1h | 2.9760 | +0.049% | $487K | $512K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9800 | +0.184% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9738 | −0.024% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0579% | 1h | 2.9841 | +0.321% | $4.7M | $5.0M | 5x | as long as short |
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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP