Funding you earn now, next payment 04:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.051%
Price spread now: BloFin against Injective−0.691%7-day average −0.762% · 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 4 days (all we have)+0.377%+$38 · spread now −0.691%, 7d avg −0.762%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.071% dearer against Injective than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.762%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ICP/USDC PERP | 2.9665 | 0.0033 | pay 0.0004% / 1h | 49m 44s | $202 | $200K | 12x |
| Short | BloFin ICP-USDT | 2.9460 | 0.0220 | get 0.0220% / 8h | 4h 49m | $1.3M | $2.2M | 75x |
Injective ICP/USDC PERP
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Injective. 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: −0.691% → −0.762%
- $7.08
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $34.26
- Costs to cover
- 0.120%
- Break-even
- 0.9 days
Slippage unknown: Injective: no order-book sample; BloFin: live order book, 3 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell BloFin live order book, 3 min ago | 1.69 bp | 10.6 bp −$11 | 15.1 bp −$151 | 67.3 bp −$6,725 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9475 | −0.641% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9482 | −0.617% | $263 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9492 | −0.582% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERPlong | +0.0033% | 1h | 2.9665 | long leg | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0092% | 8h | 2.9460 | −0.692% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9490 | −0.590% | $157K | $485K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9474 | −0.645% | $269K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9472 | −0.652% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9461 | −0.687% | $28.9M | $51.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9430 | −0.792% | $17.0M | $18.6M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Variational Omni ICP
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 | 2.9440 | −0.758% | $5.6M | $16.5M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | −0.691% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | −0.725% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9450 | −0.725% | $4.8M | $12.9M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9450 | −0.725% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9460 | −0.691% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9598 | −0.224% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9593 | −0.241% | $572K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | −0.691% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9420 | −0.826% | $103K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9470 | −0.657% | $1.7M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9456 | −0.705% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 2.9460 | −0.691% | $1.3M | $2.2M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.152% | $67K | $65K | 50x | as long as short |
| Hyperliquid ICP | +0.0392% | 1h | 2.9506 | −0.536% | $4.5M | $4.9M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0503% / S −0.0480% | 1h | 2.9495 | −0.572% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0572% | 1h | 2.9513 | −0.513% | $518K | $630K | 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