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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: HTX against Pacifica+0.041%7-day average −0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1301.297% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.041%, 7d avg −0.102%
Together, before fees−0.221%+ Points / potential airdropPacifica: Active · farm board−$22 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: HTX is 0.142% dearer against Pacifica than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP2.94380.0100pay 0.0013% / 1h46m 37s$133K$9K5x
ShortHTX ICP-USDT2.94500.0100get 0.0100% / 8h1h 46m$103K$115K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.041% → −0.102%
$14.24
Slippage, 4 orders
−$109.74
Fee Pacifica: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$115.5
Costs to cover
1.297%
Break-even
never at this rate
Slippage from Pacifica: live order book, 61 min ago; HTX: live order book, 60 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, 61 min ago16.92 bp25.0 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 60 min ago15.42 bp60.1 bp −$60doesn'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−0.0314%1h2.9457+0.063%$522K$663K50xas long as short
Deribit ICP_USDC-PERPETUAL−0.0225%1h2.9436−0.007%$191$43950xas long as short
Phemex ICPUSDT−0.0113%8h2.9440+0.007%$1.8M$677K50xas long as short
dYdX ICP-USD0.0000%1h2.9442+0.012%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0002%1h2.9452+0.048%$10K150xas long as short
Variational Omni ICP+0.0032%8h2.9415−0.078%$1.0M$132Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.771%$202$200K12xas long as short
Lighter ICP+0.0096%1h2.9423−0.051%$139K$495K5xas long as short
Hyperliquid ICP+0.0100%1h2.9454+0.054%$4.5M$4.8M5xas long as short
Aster ICPUSDT+0.0100%8h2.9434−0.013%$261K$1.1M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICPlong+0.0100%1h2.9438long leg$133K$9K5x
Binance ICPUSDT+0.0100%8h2.9411−0.091%$28.8M$48.9M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9410−0.095%$17.2M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9410−0.095%$5.7M$14.9M50xas long as short
Gate ICP_USDT+0.0100%8h2.9420−0.061%$1.9M$2.8M50xas long as short
MEXC ICP_USDT+0.0100%8h2.9410−0.095%$18.8M$9.9M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9420−0.061%$4.8M$12.1M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9440+0.007%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9420−0.061%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9458+0.069%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9428−0.034%$566K$524K10xas long as short
SunX ICP-USDT+0.0100%8h2.9430−0.027%$1K$1.5M20xas long as short
HTX ICP-USDTshort+0.0100%8h2.9450+0.041%$103K$115K20x
Extended ICP-USD+0.0104%1h2.9403−0.118%$23K$127K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9470+0.109%$1.2M$2.4M75xas long as short
Coinbase International ICP-PERP-INTX+0.0320%1h2.9650+0.720%$58K$70K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0410% / S −0.0331%1h2.9444+0.019%$29K100xas long as short