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

ICP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.019%
Price spread now: Gate against Pacifica−0.095%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1061.060% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 4 days (all we have)−0.119%−$12 · spread now −0.095%, 7d avg −0.067%
Together, before fees−0.293%+ Points / potential airdropPacifica: Active · farm board−$29 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: Gate is 0.028% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ICP2.96380.0100pay 0.0013% / 1h57m 19s$134K$10K5x
ShortGate ICP_USDT2.96100.0100get 0.0100% / 8h3h 57m$1.9M$2.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: −0.095% → −0.067%
−$2.79
Slippage, 4 orders
−$82.96
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$108.75
Costs to cover
1.060%
Break-even
never at this rate
Slippage from Pacifica: live order book, 60 min ago; Gate: 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, 60 min ago22.12 bp30.0 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago3.37 bp20.6 bp −$2163.4 bp −$634157.6 bp −$15.8Kdoesn'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
Deribit ICP_USDC-PERPETUAL−0.0358%1h2.9601−0.125%$264$43950xas long as short
Phemex ICPUSDT−0.0066%8h2.9590−0.162%$1.8M$791K50xas long as short
Kraken Futures PF_ICPUSD−0.0058%1h2.9641+0.010%$532K$611K50xas long as short
dYdX ICP-USD0.0000%1h2.9654+0.054%$69K$3K5xas long as short
gTrade (Gains Network) ICP/USDL +0.0006% / S −0.0011%1h2.9622−0.055%$22K150xas long as short
Injective ICP/USDC PERP+0.0033%1h2.9665+0.091%$202$200K12xas long as short
Variational Omni ICP+0.0084%8h2.9700+0.208%$1.1M$116Kas long as short
Lighter ICP+0.0096%1h2.9668+0.101%$157K$473K5xas long as short
Hyperliquid ICP+0.0100%1h2.9646+0.026%$4.6M$4.9M5xas long as short
Aster ICPUSDT+0.0100%8h2.9649+0.036%$264K$1.6M20xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica ICPlong+0.0100%1h2.9638long leg$134K$10K5x
Binance ICPUSDT+0.0100%8h2.9605−0.110%$29.1M$50.3M75xas long as short
Bybit ICPUSDT+0.0100%8h2.9590−0.162%$17.1M$18.0M75xas long as short
OKX ICP-USDT-SWAP+0.0100%8h2.9600−0.129%$5.7M$15.8M50xas long as short
Gate ICP_USDTshort+0.0100%8h2.9610−0.095%$1.9M$2.8M50x
MEXC ICP_USDT+0.0100%8h2.9610−0.095%$19.7M$10.0M50xas long as short
KuCoin ICPUSDTM+0.0100%8h2.9640+0.006%$4.9M$12.5M50xas long as short
Bitget ICPUSDT+0.0100%8h2.9600−0.129%$7.0M$4.6M50xas long as short
BingX ICP-USDT+0.0100%8h2.9620−0.061%$5.8Mas long as short
edgeX ICPUSDC+0.0100%4h2.9632−0.019%$23K$278K10xas long as short
GRVT ICP_USDT_Perp+0.0100%8h2.9625−0.044%$567K$470K10xas long as short
SunX ICP-USDT+0.0100%8h2.9590−0.162%$1K$1.6M20xas long as short
HTX ICP-USDT+0.0100%8h2.9590−0.162%$104K$117K20xas long as short
Extended ICP-USD+0.0104%1h2.9587−0.171%$23K$126K10xas long as short
BloFin ICP-USDT+0.0220%8h2.9710+0.243%$1.3M$2.2M75xas long as short
Coinbase International ICP-PERP-INTX+0.0352%1h2.9750+0.378%$67K$61K50xas long as short
GMX ICP/USD [WBTC.b-USDC]L +0.0434% / S −0.0367%1h2.9621−0.056%$31K100xas long as short