Funding you earn now, next payment 13:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.034%
Price spread now: Injective against KuCoin+1.211%7-day average +0.758% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)−1.095%−$110 · spread now +1.211%, 7d avg +0.758%
=The price spread pays, funding is against you. Injective is 0.453% dearer against KuCoin than usual: you sell high and buy low (spread +1.211% now, against its 7-day average of +0.758%): +$45 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ICPUSDTM | 2.9310 | 0.0100 | pay 0.0100% / 8h | 3h 24m | $4.8M | $10.1M | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 24m 58s | $202 | $200K | 12x |
KuCoin ICPUSDTM
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: +1.211% → +0.758%
- $45.32
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $19.3
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago | 1.71 bp | 20.6 bp −$21 | 68.9 bp −$689 | 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 exchanges
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 | −0.0161% | 8h | 2.9240 | −0.239% | $1.7M | $703K | 50x | as long as short |
| Variational Omni ICP | −0.0077% | 8h | 2.9289 | −0.073% | $1.1M | $188K | — | as long as short |
| Kraken Futures PF_ICPUSD | −0.0013% | 1h | 2.9316 | +0.021% | $506K | $566K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9289 | −0.072% | $68K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9287 | −0.078% | $191 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9291 | −0.065% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | +1.211% | $202 | $200K | 12x | |
| Lighter ICP | +0.0096% | 1h | 2.9332 | +0.075% | $131K | $444K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9288 | −0.075% | $185K | $967K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9283 | −0.093% | $132K | $9K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9281 | −0.097% | $28.2M | $46.2M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9260 | −0.171% | $17.0M | $16.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9250 | −0.205% | $5.6M | $12.7M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9270 | −0.136% | $1.9M | $2.6M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9310 | 0.000% | $19.2M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 2.9310 | long leg | $4.8M | $10.1M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9290 | −0.068% | $7.0M | $4.2M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9280 | −0.102% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9294 | −0.053% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9292 | −0.062% | $563K | $664K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9280 | −0.102% | $2K | $1.3M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9290 | −0.068% | $103K | $130K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9300 | −0.035% | $24K | $247K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9270 | −0.136% | $1.2M | $1.7M | 75x | as long as short |
| Hyperliquid ICP | +0.0273% | 1h | 2.9356 | +0.157% | $4.5M | $4.1M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0424% / S −0.0357% | 1h | 2.9288 | −0.074% | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0424% | 1h | 2.9340 | +0.102% | $57K | $62K | 50x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX