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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.019%
Price spread now: Pacifica against Gate−0.089%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$830.828% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.174%+$17 on $10k
Price spread, last 4 days (all we have)+0.354%+$35 · spread now −0.089%, 7d avg +0.068%
Together, before fees+0.528%+ Points / potential airdropPacifica: Active · farm board+$53 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 0.156% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ICP_USDT2.98000.0100pay 0.0100% / 8h5h 35m$1.9M$3.1M50x
ShortPacifica ICP2.97740.0100get 0.0013% / 1h35m 55s$135K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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: −0.089% → +0.068%
−$15.65
Slippage, 4 orders
−$59.81
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$98.46
Costs to cover
0.828%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Pacifica: live order book, 27 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 Gate live order book, 2 min ago1.68 bp21.5 bp −$2240.5 bp −$40563.7 bp −$6,372doesn't fit
Sell Pacifica live order book, 27 min ago12.50 bp19.3 bp −$19doesn'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
dYdX ICP-USD0.0000%1h2.9764−0.120%$69K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h2.9813+0.044%$266$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9802+0.006%$23K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−0.453%$202$200K12xas long as short
Variational Omni ICP+0.0060%8h2.9799−0.003%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9839+0.131%$162K$483K5xas long as short
Hyperliquid ICP+0.0100%1h2.9844+0.148%$4.6M$5.0M5xas long as short
Aster ICPUSDT+0.0100%8h2.9807+0.024%$274K$1.7M20xas long as short
Pacifica ICPshort+0.0100%1h2.9774−0.089%$135K$11K5x
Binance ICPUSDT+0.0100%8h2.9814+0.047%$29.3M$53.6M75xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.98000.000%$17.4M$19.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9810+0.034%$5.8M$17.0M50xas long as short
Gate ICP_USDTlong+0.0100%8h2.9800long leg$1.9M$3.1M50x
MEXC ICP_USDT+0.0100%8h2.9820+0.067%$19.5M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.98000.000%$4.8M$13.2M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9810+0.034%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.9810+0.034%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h2.9769−0.105%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9717−0.279%$564K$492K10xas long as short
SunX ICP-USDT+0.0100%8h2.9760−0.134%$1K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9770−0.101%$104K$182K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9810+0.034%$1.8M$793K50xas long as short
Extended ICP-USD+0.0104%1h2.9810+0.033%$22K$123K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9740−0.201%$1.3M$2.2M75xas long as short
Kraken Futures PF_ICPUSD+0.0294%1h2.9851+0.171%$525K$640K50xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9880+0.268%$67K$71K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0506% / S −0.0480%1h2.9798−0.006%$37K100xas long as short