Funding you earn now, next payment 23:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.009%
Price spread now: Injective against GRVT−1.073%7-day average +1.387% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.158%−$16 on $10k
+Price spread, last 3 days (all we have)+1.236%+$124 · spread now −1.073%, 7d avg +1.387%
=Together, before fees+1.078%+ Points / potential airdropGRVT: Active · farm board+$108 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 2.460% cheaper against GRVT than usual: you would sell low and buy high (−$246 if the spread goes back to its 7-day average of +1.387%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.158% in total (about -8.2% a year). A funding rate is set anew for every payment. 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 | GRVT ICP_USDT_Perp | 2.9987 | 0.0100 | pay 0.0100% / 8h | 1h 12m | $574K | $435K | 10x |
| Short | Injective ICP/USDC PERP | 2.9665 | −0.0152 | pay 0.0019% / 1h | 12m 41s | $202 | $200K | 12x |
GRVT ICP_USDT_Perp
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GRVT. 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
- −$52.93
- Price spread: −1.073% → +1.387%
- −$246.05
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$308
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 5 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 GRVT live order book, 5 min ago | 3.33 bp | 17.7 bp −$18 | 32.3 bp −$323 | 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 | −0.1479% | 8h | 2.9790 | −0.657% | $1.7M | $771K | 50x | as long as short |
| Variational Omni ICP | −0.0159% | 8h | 2.9981 | −0.019% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERPshort | −0.0152% | 1h | 2.9665 | −1.073% | $202 | $200K | 12x | |
| Deribit ICP_USDC-PERPETUAL | −0.0150% | 1h | 2.9952 | −0.116% | $267 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0051% | 8h | 2.9950 | −0.123% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9958 | −0.096% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9964 | −0.076% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0000 | +0.044% | $165K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9980 | −0.023% | $209K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9970 | −0.057% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
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 | 2.9967 | −0.065% | $29.7M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9950 | −0.123% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9950 | −0.123% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9970 | −0.056% | $19.5M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | −0.090% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9970 | −0.056% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9960 | −0.090% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0000 | +0.044% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 2.9987 | long leg | $574K | $435K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 2.9920 | −0.223% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | −0.190% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9954 | −0.109% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9910 | −0.256% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9970 | −0.056% | $486K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.144% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9958 | −0.096% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0673% | 1h | 3.0034 | +0.157% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP