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

ICP

all ICP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%
Price spread now: Bybit against Pacifica−0.062%7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$740.741% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.121%−$12 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.062%, 7d avg −0.075%
Together, before fees−0.158%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP2.95480.0100pay 0.0013% / 1h52m 01s$133K$9K5x
ShortBybit ICPUSDT2.95300.0100get 0.0100% / 8h7h 52m$17.1M$17.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.062% → −0.075%
$1.3
Slippage, 4 orders
−$55.06
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$72.76
Costs to cover
0.741%
Break-even
never at this rate
Slippage from Pacifica: live order book, 46 min ago; Bybit: live order book, 1 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, 46 min ago18.82 bp26.6 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago3.38 bp10.7 bp −$1125.9 bp −$259doesn'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−0.0339%1h2.9584+0.123%$524K$654K50xas long as short
Variational Omni ICP−0.0149%8h2.9500−0.163%$1.0M$135Kas long as short
Deribit ICP_USDC-PERPETUAL−0.0021%1h2.9543−0.018%$192$43950xas long as short
dYdX ICP-USD0.0000%1h2.9560+0.039%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0004%1h2.9531−0.059%$6K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.395%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9551+0.009%$138K$485K5xas long as short
Hyperliquid ICP+0.0100%1h2.9576+0.094%$4.5M$4.6M5xas long as short
Aster ICPUSDT+0.0100%8h2.9564+0.054%$277K$1.0M20xas long as short
Pacifica ICPlong+0.0100%1h2.9548long leg$133K$9K5x
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ICPUSDT+0.0100%8h2.9550+0.007%$28.8M$47.8M75xas long as short
Bybit ICPUSDTshort+0.0100%8h2.9530−0.062%$17.1M$17.8M75x
OKX ICP-USDT-SWAP+0.0100%8h2.9540−0.028%$5.7M$14.2M50xas long as short
Gate ICP_USDT+0.0100%8h2.9550+0.006%$1.9M$2.7M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9550+0.006%$19.4M$9.7M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9550+0.006%$4.9M$11.4M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9560+0.040%$7.0M$4.5M50xas long as short
BingX ICP-USDT+0.0100%8h2.9550+0.006%$5.6Mas long as short
edgeX ICPUSDC+0.0100%4h2.9484−0.219%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9480−0.231%$572K$590K10xas long as short
SunX ICP-USDT+0.0100%8h2.9550+0.006%$1K$1.5M20xas long as short
HTX ICP-USDT+0.0100%8h2.9480−0.231%$103K$114K20xas long as short
Phemex ICPUSDT+0.0100%8h2.9530−0.062%$1.8M$686K50xas long as short
Extended ICP-USD+0.0104%1h2.9549+0.002%$26K$235K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9570+0.074%$1.3M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0416%1h2.9750+0.683%$58K$69K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0492% / S −0.0459%1h2.9549+0.004%$36K100xas long as short