Funding you earn now, next payment 11:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.043%
Price spread now: Kraken Futures against Pacifica+0.183%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$800.803% of the position
Funding, last 7 days−0.422%−$42 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.183%, 7d avg +0.021%
=Together, before fees−0.518%+ Points / potential airdropPacifica: Active · farm board−$52 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.161% dearer against Pacifica than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.422%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 2.9403 | 0.0100 | pay 0.0013% / 1h | 52m 24s | $133K | $9K | 5x |
| Short | Kraken Futures PF_ICPUSD | 2.9456 | 0.0187 | get 0.0023% / 1h | 52m 24s | $524K | $603K | 50x |
Pacifica ICP
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Pacifica. 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
- $18.29
- Price spread: +0.183% → +0.021%
- $16.13
- Slippage, 4 orders
- −$62.3
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$45.88
- Costs to cover
- 0.803%
- Break-even
- 24.6 days
Slippage from Pacifica: live order book, 58 min ago; Kraken Futures: live order book, 58 min ago.
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, 58 min ago | 12.42 bp | 20.6 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 6.80 bp | 17.9 bp −$18 | 41.6 bp −$416 | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.0394% | 8h | 2.9400 | −0.009% | $1.7M | $703K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0192% | 1h | 2.9429 | +0.090% | $191 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0151% | 8h | 2.9437 | +0.119% | $1.1M | $195K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9428 | +0.085% | $68K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9435 | +0.110% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.892% | $202 | $200K | 12x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9415 | +0.042% | $135K | $452K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9420 | +0.060% | $252K | $909K | 20x | as long as short |
| Pacifica ICPlong | +0.0100% | 1h | 2.9403 | long leg | $133K | $9K | 5x | |
| Binance ICPUSDT | +0.0100% | 8h | 2.9390 | −0.043% | $28.4M | $47.2M | 75x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Lighter ICP
Aster ICPUSDT
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9380 | −0.077% | $17.1M | $17.2M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9380 | −0.077% | $5.7M | $12.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9390 | −0.043% | $1.9M | $2.6M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9390 | −0.043% | $18.3M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9400 | −0.009% | $4.9M | $10.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9400 | −0.009% | $7.0M | $4.3M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9390 | −0.043% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9452 | +0.169% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9435 | +0.110% | $570K | $612K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9430 | +0.093% | $1K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9420 | +0.059% | $103K | $124K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9391 | −0.041% | $23K | $243K | 10x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0187% | 1h | 2.9456 | +0.183% | $524K | $603K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9450 | +0.161% | $1.2M | $2.4M | 75x | as long as short |
| Hyperliquid ICP | +0.0275% | 1h | 2.9438 | +0.120% | $4.6M | $4.3M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0424% | 1h | 2.9570 | +0.569% | $58K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0425% / S −0.0357% | 1h | 2.9435 | +0.109% | $30K | — | 100x | as long as short |
Bybit ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]