Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Binance−0.286%97s7-day average +0.824% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.827%+$83 · spread now −0.286%, 7d avg +0.824%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.110% cheaper against Binance than usual: you would sell low and buy high (−$111 if the spread goes back to its 7-day average of +0.824%). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 2.9750 | 0.0100 | pay 0.0100% / 8h | 5h 09m | $29.3M | $53.2M | 75x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 9m 44s | $202 | $200K | 12x |
Binance ICPUSDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: −0.286% → +0.824%
- −$110.95
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$134.97
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago | 1.68 bp | 11.0 bp −$11 | 22.7 bp −$227 | 287.1 bp −$28.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0187% | 1h | 2.9754 | +0.013% | $265 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9742 | −0.026% | $69K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9770 | +0.067% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | −0.286% | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0080% | 8h | 2.9809 | +0.199% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9757 | +0.024% | $160K | $486K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9774 | +0.082% | $274K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9746 | −0.013% | $135K | $10K | 5x | as long as short |
| Binance ICPUSDTlong | +0.0100% | 8h | 2.9750 | long leg | $29.3M | $53.2M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9730 | −0.067% | $17.3M | $18.9M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
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 | 2.9740 | −0.034% | $5.8M | $16.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9740 | −0.034% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9730 | −0.067% | $19.8M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9730 | −0.067% | $4.8M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9750 | 0.000% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9750 | 0.000% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9866 | +0.391% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9842 | +0.311% | $567K | $483K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9760 | +0.034% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9800 | +0.168% | $104K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9740 | −0.034% | $1.8M | $794K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9743 | −0.025% | $23K | $122K | 10x | as long as short |
| Hyperliquid ICP | +0.0119% | 1h | 2.9789 | +0.131% | $4.6M | $5.0M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9890 | +0.471% | $1.3M | $2.2M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0294% | 1h | 2.9802 | +0.176% | $525K | $643K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9850 | +0.336% | $67K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9768 | +0.059% | $37K | — | 100x | 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
Hyperliquid ICP
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]