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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against KuCoin+0.039%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$1011.012% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.039%, 7d avg +0.014%
Together, before fees+0.247%+ Points / potential airdropPacifica: Active · farm board+$25 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 0.025% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ICPUSDTM2.93400.0100pay 0.0100% / 8h5h 49m$4.9M$10.8M50x
ShortPacifica ICP2.93510.0100get 0.0013% / 1h49m 05s$132K$9K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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: +0.039% → +0.014%
$2.52
Slippage, 4 orders
−$81.19
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$98.67
Costs to cover
1.012%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; Pacifica: live order book, 61 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 KuCoin live order book, 2 min ago1.70 bp31.5 bp −$3177.3 bp −$773doesn't fitdoesn't fit
Sell Pacifica live order book, 61 min ago12.42 bp18.5 bp −$18doesn't fitdoesn't fitdoesn't fit

ICP on 27 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex ICPUSDT−0.0351%8h2.9360+0.068%$1.7M$703K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0227%1h2.9345+0.017%$191$43950xas long as short
Variational Omni ICP−0.0156%8h2.9358+0.060%$1.1M$195Kas long as short
dYdX ICP-USD0.0000%1h2.9352+0.042%$68K$2K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9435+0.323%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+1.108%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9356+0.055%$135K$452K5xas long as short
Aster ICPUSDT+0.0100%8h2.9373+0.113%$251K$909K20xas long as short
Pacifica ICPshort+0.0100%1h2.9351+0.039%$132K$9K5x
Binance ICPUSDT+0.0100%8h2.9350+0.034%$28.4M$47.1M75xas long as short
Show all 27 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9330−0.034%$17.1M$17.1M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.93400.000%$5.7M$12.8M50xas long as short
Gate ICP_USDT+0.0100%8h2.9330−0.034%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9350+0.034%$18.4M$9.4M50xas long as short
KuCoin ICPUSDTMlong+0.0100%8h2.9340long leg$4.9M$10.8M50x
Bitget ICPUSDT+0.0100%8h2.9360+0.068%$7.0M$4.3M50xas long as short
BingX ICP-USDT+0.0100%8h2.9330−0.034%$5.7Mas long as short
edgeX ICPUSDC+0.0100%4h2.9372+0.108%$23K$279K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9423+0.281%$570K$612K10xas long as short
SunX ICP-USDT+0.0100%8h2.93400.000%$1K$1.4M20xas long as short
HTX ICP-USDT+0.0100%8h2.9350+0.034%$102K$124K20xas long as short
Extended ICP-USD+0.0104%1h2.9331−0.032%$23K$242K10xas long as short
Kraken Futures PF_ICPUSD+0.0188%1h2.9382+0.142%$523K$592K50xas long as short
BloFin ICP-USDT+0.0220%8h2.9360+0.068%$1.2M$2.3M75xas long as short
Hyperliquid ICP+0.0266%1h2.9398+0.197%$4.6M$4.3M5xas long as short
Coinbase International ICP-PERP-INTX+0.0424%1h2.9570+0.784%$58K$63K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0425% / S −0.0357%1h2.9402+0.210%$30K100xas long as short