Funding you earn now, next payment 23:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.026%
Price spread now: Injective against HTX−0.353%65s7-day average +0.952% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 3 days (all we have)+0.754%+$75 · spread now −0.353%, 7d avg +0.952%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.305% cheaper against HTX than usual: you would sell low and buy high (−$131 if the spread goes back to its 7-day average of +0.952%). Swap the legs. The two prices were read 65 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 -0.169% in total (about -8.8% 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 | HTX ICP-USDT | 2.9770 | 0.0100 | pay 0.0100% / 8h | 1h 54m | $106K | $218K | 20x |
| Short | Injective ICP/USDC PERP | 2.9665 | −0.0152 | pay 0.0019% / 1h | 54m 12s | $202 | $200K | 12x |
HTX ICP-USDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against HTX. 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: −0.353% → +0.952%
- −$130.51
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$195.46
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 27 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 HTX live order book, 27 min ago | 20.12 bp | 26.1 bp −$26 | doesn't fit | 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 | −0.1249% | 8h | 2.9710 | −0.202% | $1.7M | $779K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0421% | 1h | 2.9772 | +0.007% | $265 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0215% | 8h | 2.9802 | +0.109% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERPshort | −0.0152% | 1h | 2.9665 | −0.353% | $202 | $200K | 12x | |
| Gate ICP_USDT | −0.0103% | 8h | 2.9770 | 0.000% | $1.9M | $2.7M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9827 | +0.193% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9795 | +0.085% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0054% | 8h | 2.9770 | 0.000% | $17.1M | $17.7M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9788 | +0.060% | $166K | $441K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9808 | +0.128% | $185K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Lighter ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9815 | +0.152% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9773 | +0.011% | $28.9M | $48.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9750 | −0.067% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9780 | +0.034% | $19.2M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9800 | +0.101% | $5.0M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9810 | +0.134% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9790 | +0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9691 | −0.265% | $23K | $276K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9779 | +0.032% | $570K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9780 | +0.034% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDTlong | +0.0100% | 8h | 2.9770 | long leg | $106K | $218K | 20x | |
| Extended ICP-USD | +0.0104% | 1h | 2.9776 | +0.021% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9810 | +0.134% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0224% | 1h | 2.9797 | +0.091% | $488K | $512K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9890 | +0.403% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9784 | +0.048% | $31K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0598% | 1h | 2.9833 | +0.212% | $4.7M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX 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