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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.012%
Price spread now: Pacifica against OKX−0.008%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$650.648% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.008%, 7d avg +0.078%
Together, before fees+0.230%+ Points / potential airdropPacifica: Active · farm board+$23 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 0.086% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ICP-USDT-SWAP2.99700.0100pay 0.0100% / 8h6h 02m$5.8M$17.0M50x
ShortPacifica ICP2.99680.0100get 0.0013% / 1h2m 11s$136K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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: −0.008% → +0.078%
−$8.59
Slippage, 4 orders
−$46.75
Fee OKX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$73.34
Costs to cover
0.648%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Pacifica: live order book, 65 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 OKX live order book, 1 min ago1.67 bp11.3 bp −$1135.1 bp −$351doesn't fitdoesn't fit
Sell Pacifica live order book, 65 min ago11.46 bp17.6 bp −$18doesn't fitdoesn't fitdoesn't fit

ICP on 26 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
dYdX ICP-USD0.0000%1h2.9977+0.023%$70K$4K5xas long as short
Deribit ICP_USDC-PERPETUAL0.0000%1h3.0005+0.117%$267$46450xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h3.0006+0.122%$23K150xas long as short
Variational Omni ICP+0.0020%8h2.9990+0.066%$1.1M$116Kas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665−1.018%$202$200K12xas long as short
Phemex ICPUSDT+0.0045%8h3.0000+0.100%$1.8M$798K50xas long as short
Lighter ICP+0.0096%1h3.0028+0.194%$163K$492K5xas long as short
Aster ICPUSDT+0.0100%8h2.9984+0.046%$278K$1.7M20xas long as short
Pacifica ICPshort+0.0100%1h2.9968−0.008%$136K$11K5x
Binance ICPUSDT+0.0100%8h3.0005+0.117%$29.6M$53.3M75xas long as short
Show all 26 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ICPUSDT+0.0100%8h2.9980+0.033%$17.5M$18.9M75xas long as short
OKX ICP-USDT-SWAPlong+0.0100%8h2.9970long leg$5.8M$17.0M50x
Gate ICP_USDT+0.0100%8h2.9980+0.033%$1.9M$3.1M50xas long as short
MEXC ICP_USDT+0.0100%8h3.0000+0.100%$19.1M$10.2M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9990+0.067%$4.9M$13.3M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9990+0.067%$7.0M$4.9M50xas long as short
BingX ICP-USDT+0.0100%8h2.99700.000%$6.0Mas long as short
edgeX ICPUSDC+0.0100%4h3.0026+0.187%$23K$280K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9998+0.093%$582K$480K10xas long as short
SunX ICP-USDT+0.0100%8h2.99700.000%$2K$1.8M20xas long as short
HTX ICP-USDT+0.0100%8h2.9990+0.067%$105K$190K20xas long as short
Extended ICP-USD+0.0104%1h2.9994+0.080%$22K$127K10xas long as short
Hyperliquid ICP+0.0118%1h3.0007+0.123%$4.6M$5.0M5xas long as short
Coinbase International ICP-PERP-INTX+0.0256%1h3.0140+0.567%$65K$68K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0508% / S −0.0480%1h3.0012+0.140%$37K100xas long as short
Kraken Futures PF_ICPUSD+0.0894%1h3.0039+0.230%$544K$609K50xas long as short