ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0303%/8h= −33.2% APRnext payment −$0.38 per $10,000 · paid last 24h −0.023%

Price spread now: Injective against Extended−0.240%60s7-day average +0.995% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.556%+$56 · spread now −0.240%, 7d avg +0.995%

Together, before fees+0.427%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 1.235% cheaper against Extended than usual: you would sell low and buy high (−$124 if the spread goes back to its 7-day average of +0.995%). Swap the legs. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ICP-USD	2.9736	0.0104	pay 0.0013% / 1h	44m 04s	$24K	$123K	10x
Short	Injective ICP/USDC PERP	2.9665	−0.0199	pay 0.0025% / 1h	44m 04s	$202	$200K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee InjectivebpOrdersPrice spread, now −0.240%Rate

Funding earned: −$63.73
Price spread: −0.240% → +0.995%: −$123.55
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$192.3
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 41 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 Extended live order book, 41 min ago	3.54 bp	11.9 bp −$12	51.5 bp −$515	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	−0.1277%	8h	2.9690	−0.156%	$1.7M	$782K	50x	as long as short
Variational Omni ICP	−0.0275%	8h	2.9655	−0.273%	$1.1M	$119K	—	as long as short
Injective ICP/USDC PERPshort	−0.0199%	1h	2.9665	−0.240%	$202	$200K	12x
Deribit ICP_USDC-PERPETUAL	−0.0153%	1h	2.9743	+0.022%	$265	$464	50x	as long as short
Gate ICP_USDT	−0.0129%	8h	2.9750	+0.046%	$1.9M	$2.7M	50x	as long as short
Bybit ICPUSDT	−0.0053%	8h	2.9750	+0.046%	$17.1M	$17.6M	75x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9725	−0.037%	$69K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	2.9747	+0.035%	$27K	—	150x	as long as short
Lighter ICP	+0.0096%	1h	2.9773	+0.123%	$166K	$442K	5x	as long as short
OKX ICP-USDT-SWAP	+0.0097%	8h	2.9750	+0.046%	$5.8M	$15.6M	50x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ICPUSDT	+0.0100%	8h	2.9750	+0.046%	$189K	$1.5M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9718	−0.062%	$135K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9760	+0.079%	$28.9M	$48.6M	75x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9740	+0.012%	$19.4M	$8.4M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9750	+0.046%	$5.3M	$12.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9750	+0.046%	$6.8M	$4.4M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9740	+0.012%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9672	−0.215%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9663	−0.247%	$568K	$491K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9690	−0.156%	$2K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9700	−0.123%	$106K	$220K	20x	as long as short
Extended ICP-USDlong	+0.0104%	1h	2.9736	long leg	$24K	$123K	10x
Kraken Futures PF_ICPUSD	+0.0148%	1h	2.9752	+0.053%	$495K	$509K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9710	−0.089%	$1.2M	$2.2M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0232%	1h	2.9760	+0.079%	$62K	$88K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0432% / S −0.0367%	1h	2.9745	+0.028%	$31K	—	100x	as long as short
Hyperliquid ICP	+0.0899%	1h	2.9807	+0.237%	$4.8M	$4.9M	5x	as long as short