ICP

Alert

Funding spread now, next payment 16:00 UTC−0.0770%/8h

next payment, per $10,000−$0.96paid, last 24h−0.101%paid, last 7 days−0.436%to open and close $10k−$96

Long on Pacifica Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.436% in total (about -22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ICP	2.9562	0.0100	pay 0.0013% / 1h	59m 26s	$134K	$10K	5x
Short	Kraken Futures PF_ICPUSD	2.9586	−0.0670	pay 0.0084% / 1h	59m 26s	$509K	$558K	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee Kraken FuturesbpOrdersRate

Funding earned: −$161.6
Slippage, 4 orders: −$77.74
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$257.34
Break-even: never at this rate

Slippage from Pacifica: live order book, 50 min ago; Kraken Futures: live order book, 50 min ago.

Price risk

price view

Price gap now: +0.082%
Avg gap 7d: +0.009%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 50 min ago	19.22 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 50 min ago	11.77 bp	25.4 bp −$25	56.7 bp −$567	doesn't fit	doesn't fit

ICP on 26 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ICPUSDshort	−0.0670%	1h	$509K	$558K	50x
Phemex ICPUSDT	−0.0647%	8h	$1.7M	$751K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0528%	1h	$263	$366	50x	as long as short
Variational Omni ICP	−0.0353%	8h	$1.0M	$84K	—	as long as short
OKX ICP-USDT-SWAP	−0.0014%	8h	$5.8M	$15.9M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	$70K	$3K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	$26K	—	150x	as long as short
Gate ICP_USDT	+0.0008%	8h	$1.8M	$2.0M	50x	as long as short
Binance ICPUSDT	+0.0013%	8h	$28.7M	$47.8M	75x	as long as short
MEXC ICP_USDT	+0.0013%	8h	$18.5M	$7.0M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Extended ICP-USD	+0.0016%	1h	$26K	$133K	10x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	$202	$164K	12x	as long as short
BloFin ICP-USDT	+0.0055%	8h	$1.2M	$2.4M	75x	as long as short
Lighter ICP	+0.0096%	1h	$144K	$310K	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0096%	1h	$67K	$119K	50x	as long as short
Aster ICPUSDT	+0.0100%	8h	$183K	$1.9M	20x	as long as short
Pacifica ICPlong	+0.0100%	1h	$134K	$10K	5x
Bybit ICPUSDT	+0.0100%	8h	$16.5M	$15.4M	75x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	$5.0M	$11.4M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	$6.9M	$4.0M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	—	$3.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	$23K	$277K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	$2K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	$112K	$285K	20x	as long as short
Hyperliquid ICP	+0.0170%	1h	$4.8M	$3.6M	5x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0238%	1h	$30K	—	100x	as long as short