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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.275%
Price spread now: Pacifica against Phemex−0.218%7-day average +0.197% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+2.504%+$250 on $10k
Price spread, last 3 days (all we have)+0.421%+$42 · spread now −0.218%, 7d avg +0.197%
Together, before fees+2.925%+ Points / potential airdropPacifica: Active · farm board+$292 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: Pacifica is 0.416% cheaper against Phemex than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.197%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ICPUSDT3.05500.0100pay 0.0100% / 8h7h 17m$1.8M$777K50x
ShortPacifica ICP3.04830.0100get 0.0013% / 1h17m 03s$138K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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: −0.218% → +0.197%
−$41.56
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$61.56
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 1 min ago; Pacifica: live order book, 55 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 1 min ago1.64 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 55 min ago15.59 bp21.6 bp −$22doesn't fitdoesn'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−0.0121%1h3.0529−0.068%$557K$598K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0111%1h3.0483−0.219%$272$46450xas long as short
Variational Omni ICP−0.0057%8h3.0460−0.295%$1.1M$110Kas long as short
dYdX ICP-USD0.0000%1h3.0463−0.286%$71K$4K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0492−0.191%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−2.897%$202$200K12xas long as short
Lighter ICP+0.0096%1h3.0521−0.095%$174K$480K5xas long as short
Aster ICPUSDT+0.0100%8h3.0493−0.185%$337K$1.6M20xas long as short
Pacifica ICPshort+0.0100%1h3.0483−0.218%$138K$11K5x
Binance ICPUSDT+0.0100%8h3.0501−0.160%$30.6M$52.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h3.0490−0.196%$18.1M$18.5M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h3.0500−0.164%$6.2M$16.8M50xas long as short
Gate ICP_USDT+0.0100%8h3.0500−0.164%$2.0M$3.0M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0490−0.196%$19.8M$9.7M50xas long as short
KuCoin ICPUSDTM+0.0100%8h3.0480−0.229%$5.1M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h3.0510−0.131%$7.2M$4.8M50xas long as short
BingX ICP-USDT+0.0100%8h3.0490−0.196%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h3.0473−0.252%$24K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h3.0474−0.249%$578K$467K10xas long as short
SunX ICP-USDT+0.0100%8h3.0480−0.229%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h3.0480−0.229%$107K$239K20xas long as short
Phemex ICPUSDTlong+0.0100%8h3.0550long leg$1.8M$777K50x
Extended ICP-USD+0.0104%1h3.0475−0.247%$23K$129K10xas long as short
Hyperliquid ICP+0.0163%1h3.0544−0.020%$4.7M$4.9M5xas long as short
BloFin ICP-USDT+0.0220%8h3.0400−0.491%$1.3M$2.3M75xas long as short
Coinbase International ICP-PERP-INTX+0.0280%1h3.0480−0.229%$63K$65K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0511% / S −0.0480%1h3.0483−0.218%$38K100xas long as short