Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.029%
Price spread now: Injective against Bitget−1.609%7-day average +0.927% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.135%−$13 on $10k
+Price spread, last 3 days (all we have)+1.825%+$183 · spread now −1.609%, 7d avg +0.927%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.536% cheaper against Bitget than usual: you would sell low and buy high (−$254 if the spread goes back to its 7-day average of +0.927%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ICPUSDT | 3.0150 | 0.0100 | pay 0.0100% / 8h | 59m 00s | $6.9M | $4.5M | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 59m 00s | $202 | $200K | 12x |
Bitget ICPUSDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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: −1.609% → +0.927%
- −$253.56
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$279.58
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bitget: live order book, 4 min ago; Injective: no order-book sample. 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 Bitget live order book, 4 min ago | 3.33 bp | 12.2 bp −$12 | 26.0 bp −$260 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1500% | 8h | 2.9940 | −0.697% | $1.7M | $767K | 50x | as long as short |
| Variational Omni ICP | −0.0145% | 8h | 3.0011 | −0.461% | $1.1M | $107K | — | as long as short |
| Gate ICP_USDT | −0.0032% | 8h | 3.0120 | −0.100% | $2.0M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0130 | −0.065% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0150 | 0.000% | $269 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0140 | −0.033% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | −1.609% | $202 | $200K | 12x | |
| Lighter ICP | +0.0096% | 1h | 3.0168 | +0.060% | $159K | $450K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0147 | −0.010% | $194K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0120 | −0.099% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0149 | −0.003% | $29.8M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0120 | −0.100% | $17.5M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0120 | −0.100% | $6.0M | $16.2M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0140 | −0.033% | $19.7M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0130 | −0.066% | $5.1M | $12.9M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 3.0150 | long leg | $6.9M | $4.5M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 3.0130 | −0.066% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0026 | −0.411% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0029 | −0.400% | $575K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0140 | −0.033% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0090 | −0.199% | $107K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0131 | −0.062% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0172% | 1h | 3.0165 | +0.048% | $490K | $529K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0160 | +0.033% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0130 | −0.066% | $63K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0425% | 1h | 3.0198 | +0.159% | $4.7M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 3.0142 | −0.027% | $37K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]