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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Pacifica−0.016%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$1061.063% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.095%−$9 on $10k
Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.016%, 7d avg −0.012%
Together, before fees−0.229%+ Points / potential airdropPacifica: Active · farm board−$23 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP2.93450.0100pay 0.0013% / 1h18m 40s$133K$10K5x
ShortKuCoin ICPUSDTM2.93400.0100get 0.0100% / 8h2h 18m$4.8M$12.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
Price spread: −0.016% → −0.012%
−$0.4
Slippage, 4 orders
−$86.29
Fee Pacifica: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$106.69
Costs to cover
1.063%
Break-even
never at this rate
Slippage from Pacifica: live order book, 29 min ago; KuCoin: live order book, 5 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, 29 min ago16.92 bp25.0 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago3.43 bp32.3 bp −$3271.6 bp −$716doesn'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
Kraken Futures PF_ICPUSD−0.0068%1h2.9334−0.037%$521K$688K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0057%1h2.9293−0.177%$191$43950xas long as short
dYdX ICP-USD0.0000%1h2.9330−0.051%$68K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9312−0.113%$10K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.091%$202$200K12xas long as short
Variational Omni ICP+0.0053%8h2.9230−0.392%$1.0M$133Kas long as short
Lighter ICP+0.0096%1h2.9351+0.021%$141K$494K5xas long as short
Phemex ICPUSDT+0.0099%8h2.9310−0.119%$1.7M$667K50xas long as short
Hyperliquid ICP+0.0100%1h2.9379+0.117%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9349+0.015%$262K$1.3M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICPlong+0.0100%1h2.9345long leg$133K$10K5x
Binance ICPUSDT+0.0100%8h2.9350+0.018%$28.8M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9340−0.016%$17.1M$17.9M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9350+0.018%$5.6M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9330−0.050%$1.8M$2.9M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9340−0.016%$18.2M$10.0M50xas long as short
KuCoin ICPUSDTMshort+0.0100%8h2.9340−0.016%$4.8M$12.2M50x
Bitget ICPUSDT+0.0100%8h2.9360+0.052%$6.9M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9340−0.016%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9258−0.296%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9142−0.689%$553K$495K10xas long as short
SunX ICP-USDT+0.0100%8h2.9350+0.018%$2K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9270−0.255%$102K$118K20xas long as short
Extended ICP-USD+0.0104%1h2.9332−0.044%$23K$131K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9280−0.221%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0336%1h2.9380+0.120%$57K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0432% / S −0.0367%1h2.9307−0.130%$30K100xas long as short