Funding you earn now, next payment 06:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h −0.051%
Price spread now: Kraken Futures against Pacifica−0.129%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days−0.407%−$41 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.129%, 7d avg +0.019%
=Together, before fees−0.404%+ Points / potential airdropPacifica: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.148% cheaper against Pacifica than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 2.9290 | 0.0100 | pay 0.0013% / 1h | 20m 56s | $133K | $9K | 5x |
| Short | Kraken Futures PF_ICPUSD | 2.9252 | −0.0068 | pay 0.0009% / 1h | 20m 56s | $483K | $643K | 50x |
Pacifica ICP
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$35.35
- Price spread: −0.129% → +0.019%
- −$14.81
- Slippage, 4 orders
- −$67.04
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$135.2
- Costs to cover
- 0.850%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 27 min ago; Kraken Futures: live order book, 27 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, 27 min ago | 16.92 bp | 25.0 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 27 min ago | 6.82 bp | 17.8 bp −$18 | 45.7 bp −$457 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0126% | 1h | 2.9234 | −0.191% | $190 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSDshort | −0.0068% | 1h | 2.9252 | −0.129% | $483K | $643K | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9290 | −0.001% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9260 | −0.102% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.280% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0053% | 8h | 2.9230 | −0.205% | $1.0M | $133K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9255 | −0.119% | $141K | $494K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9308 | +0.061% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9282 | −0.029% | $262K | $1.3M | 20x | as long as short |
| Pacifica ICPlong | +0.0100% | 1h | 2.9290 | long leg | $133K | $9K | 5x |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Lighter ICP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9296 | +0.021% | $28.7M | $48.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9280 | −0.034% | $17.1M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9300 | +0.034% | $5.6M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9250 | −0.137% | $1.8M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9310 | +0.068% | $18.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9300 | +0.034% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9310 | +0.068% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9260 | −0.102% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9147 | −0.489% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9142 | −0.504% | $553K | $495K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9280 | −0.034% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9250 | −0.137% | $102K | $118K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9240 | −0.171% | $1.7M | $667K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9282 | −0.027% | $23K | $133K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9300 | +0.034% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9310 | +0.068% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9253 | −0.127% | $30K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]