ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.03 per $10,000 · paid last 24h −0.003%

Price spread now: Injective against gTrade (Gains Network)−2.721%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Injective is 2.721% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −2.721% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$272 on $10k: about 11 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ICP/USD	3.0495	L +0.0006% / S −0.0010%	pay 0.0001% / 1h	44m 50s	$27K	—	150x
Short	Injective ICP/USDC PERP	2.9665	0.0033	get 0.0004% / 1h	44m 50s	$202	$200K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee InjectivebpOrdersPrice spread, now −2.721%Rate

Funding earned: $5.67
Price spread: −2.721% → 0.000%: −$272.11
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$276.46
Costs to cover: 0.100%
Break-even: 348.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.1593%	8h	3.0390	−0.344%	$1.8M	$766K	50x	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0242%	1h	3.0497	+0.007%	$272	$464	50x	as long as short
Variational Omni ICP	−0.0149%	8h	3.0421	−0.241%	$1.1M	$107K	—	as long as short
Gate ICP_USDT	−0.0033%	8h	3.0500	+0.017%	$2.0M	$2.9M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	3.0515	+0.066%	$71K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USDlong	L +0.0006% / S −0.0010%	1h	3.0495	long leg	$27K	—	150x
Injective ICP/USDC PERPshort	+0.0033%	1h	2.9665	−2.721%	$202	$200K	12x
Lighter ICP	+0.0096%	1h	3.0537	+0.138%	$160K	$451K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	3.0521	+0.085%	$219K	$1.4M	20x	as long as short
Pacifica ICP	+0.0100%	1h	3.0473	−0.071%	$138K	$11K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	3.0520	+0.083%	$30.2M	$51.2M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	3.0510	+0.050%	$18.1M	$18.4M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	3.0480	−0.049%	$6.2M	$16.8M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	3.0520	+0.083%	$19.4M	$9.2M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	3.0500	+0.017%	$5.2M	$13.1M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	3.0510	+0.050%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	3.0490	−0.016%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	3.0540	+0.149%	$24K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	3.0516	+0.070%	$584K	$435K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	3.0490	−0.016%	$2K	$1.8M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	3.0490	−0.016%	$108K	$220K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	3.0518	+0.076%	$26K	$118K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0170%	1h	3.0537	+0.139%	$542K	$580K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	3.0530	+0.115%	$1.3M	$2.3M	75x	as long as short
Hyperliquid ICP	+0.0233%	1h	3.0559	+0.211%	$4.8M	$5.0M	5x	as long as short
Coinbase International ICP-PERP-INTX	+0.0240%	1h	3.0480	−0.049%	$64K	$90K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0548% / S −0.0540%	1h	3.0496	+0.003%	$41K	—	100x	as long as short