Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.032%
Price spread now: Pacifica against Injective−0.734%7-day average −0.772% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)+0.518%+$52 · spread now −0.734%, 7d avg −0.772%
=Together, before fees+0.718%+ Points / potential airdropPacifica: Active · farm board+$72 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.038% dearer against Injective than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.772%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ICP/USDC PERP | 2.9665 | 0.0033 | pay 0.0004% / 1h | 43m 46s | $202 | $200K | 12x |
| Short | Pacifica ICP | 2.9447 | 0.0100 | get 0.0013% / 1h | 43m 46s | $133K | $10K | 5x |
Injective ICP/USDC PERP
Pacifica ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14
- Price spread: −0.734% → −0.772%
- $3.83
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- $9.81
- Costs to cover
- 0.080%
- Break-even
- 2.1 days
Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 14 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell Pacifica live order book, 14 min ago | 22.12 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ICP on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9445 | −0.743% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9510 | −0.523% | $263 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9502 | −0.548% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERPlong | +0.0033% | 1h | 2.9665 | long leg | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0087% | 8h | 2.9410 | −0.861% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9531 | −0.452% | $158K | $486K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9517 | −0.499% | $268K | $1.7M | 20x | as long as short |
| Pacifica ICPshort | +0.0100% | 1h | 2.9447 | −0.734% | $133K | $10K | 5x | |
| Binance ICPUSDT | +0.0100% | 8h | 2.9504 | −0.544% | $29.0M | $51.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9490 | −0.590% | $17.1M | $18.6M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9500 | −0.556% | $5.7M | $16.5M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9490 | −0.590% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9500 | −0.556% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9490 | −0.590% | $4.8M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9510 | −0.523% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.556% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9429 | −0.796% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9442 | −0.751% | $569K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9480 | −0.624% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.590% | $103K | $175K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9490 | −0.590% | $1.7M | $792K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9508 | −0.531% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9410 | −0.860% | $1.2M | $2.2M | 75x | as long as short |
| Hyperliquid ICP | +0.0320% | 1h | 2.9527 | −0.465% | $4.6M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.152% | $67K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0503% / S −0.0480% | 1h | 2.9511 | −0.519% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0572% | 1h | 2.9528 | −0.463% | $519K | $624K | 50x | as long as short |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD