Funding you earn now, next payment 02:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.051%
Price spread now: Injective against BloFin−1.314%7-day average +0.818% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 3 days (all we have)+1.541%+$154 · spread now −1.314%, 7d avg +0.818%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 2.132% cheaper against BloFin than usual: you would sell low and buy high (−$213 if the spread goes back to its 7-day average of +0.818%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 3.0060 | 0.0220 | pay 0.0220% / 8h | 6h 49m | $1.3M | $2.3M | 75x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 49m 11s | $202 | $200K | 12x |
BloFin ICP-USDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$39.2
- Price spread: −1.314% → +0.818%
- −$213.16
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$264.38
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: 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 BloFin live order book, 4 min ago | 6.65 bp | 14.1 bp −$14 | 18.2 bp −$182 | 116.6 bp −$11.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.0025% | 8h | 3.0040 | −0.065% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0165 | +0.350% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0127 | +0.223% | $268 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0133 | +0.244% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | −1.314% | $202 | $200K | 12x | |
| Lighter ICP | +0.0096% | 1h | 3.0173 | +0.376% | $166K | $488K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0153 | +0.310% | $310K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0161 | +0.337% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0140 | +0.266% | $30.0M | $54.1M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0140 | +0.266% | $17.8M | $19.0M | 75x | as long as short |
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICP
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 | 3.0150 | +0.299% | $5.9M | $17.3M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0140 | +0.266% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0150 | +0.299% | $19.2M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0120 | +0.200% | $5.0M | $13.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0140 | +0.266% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0140 | +0.266% | — | $6.1M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0017 | −0.143% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0048 | −0.041% | $571K | $477K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0120 | +0.200% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0090 | +0.100% | $105K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0170 | +0.366% | $1.8M | $788K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0123 | +0.209% | $22K | $128K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 3.0060 | long leg | $1.3M | $2.3M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0120 | +0.200% | $61K | $69K | 50x | as long as short |
| Hyperliquid ICP | +0.0482% | 1h | 3.0185 | +0.416% | $4.8M | $5.1M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0128 | +0.225% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0890% | 1h | 3.0166 | +0.354% | $546K | $620K | 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
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD