Funding you earn now, next payment 23:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.020%
Price spread now: Injective against MEXC−0.985%100s7-day average +0.950% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 3 days (all we have)+1.143%+$114 · spread now −0.985%, 7d avg +0.950%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.935% cheaper against MEXC than usual: you would sell low and buy high (−$193 if the spread goes back to its 7-day average of +0.950%). Swap the legs. The two prices were read 100 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 -0.123% in total (about -6.4% 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 | MEXC ICP_USDT | 2.9960 | 0.0100 | pay 0.0100% / 8h | 1h 35m | $18.9M | $8.6M | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | −0.0152 | pay 0.0019% / 1h | 35m 38s | $202 | $200K | 12x |
MEXC ICP_USDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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: −0.985% → +0.950%
- −$193.48
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$246.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 1.67 bp | 1.7 bp −$2 | 7.9 bp −$79 | 64.7 bp −$6,471 | 132.8 bp −$66.4K |
| 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 | −0.1315% | 8h | 2.9790 | −0.567% | $1.7M | $775K | 50x | as long as short |
| Variational Omni ICP | −0.0193% | 8h | 2.9912 | −0.162% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERPshort | −0.0152% | 1h | 2.9665 | −0.985% | $202 | $200K | 12x | |
| Gate ICP_USDT | −0.0097% | 8h | 2.9950 | −0.033% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9968 | +0.026% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9981 | +0.070% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9975 | +0.052% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0087% | 8h | 2.9940 | −0.067% | $17.4M | $17.9M | 75x | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9991 | +0.103% | $166K | $442K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9990 | +0.100% | $186K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
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 | 2.9960 | +0.002% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9971 | +0.036% | $29.8M | $49.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9970 | +0.033% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 2.9960 | long leg | $18.9M | $8.6M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | 0.000% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9970 | +0.033% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.033% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9975 | +0.050% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9979 | +0.062% | $573K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | +0.033% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.033% | $107K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9955 | −0.017% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9980 | +0.067% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9989 | +0.098% | $490K | $524K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0010 | +0.167% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9976 | +0.055% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0673% | 1h | 3.0008 | +0.160% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
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