Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%
Price spread now: Binance against Injective−0.748%107s7-day average −0.806% · 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)+0.579%+$58 · spread now −0.748%, 7d avg −0.806%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.058% dearer against Injective than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.806%. The two prices were read 107 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 | Injective ICP/USDC PERP | 2.9665 | 0.0033 | pay 0.0004% / 1h | 27m 39s | $202 | $200K | 12x |
| Short | Binance ICPUSDT | 2.9443 | 0.0100 | get 0.0100% / 8h | 3h 27m | $28.9M | $48.6M | 75x |
Injective ICP/USDC PERP
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $14
- Price spread: −0.748% → −0.806%
- $5.8
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $9.78
- Costs to cover
- 0.100%
- Break-even
- 2.1 days
Slippage unknown: Injective: no order-book sample; Binance: live order book, 14 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 Binance live order book, 14 min ago | 1.70 bp | 12.1 bp −$12 | 27.9 bp −$279 | 180.3 bp −$18.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0191% | 1h | 2.9459 | −0.694% | $192 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9499 | −0.558% | $526K | $597K | 50x | as long as short |
| Phemex ICPUSDT | −0.0013% | 8h | 2.9450 | −0.725% | $1.7M | $788K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9460 | −0.691% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9460 | −0.691% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERPlong | +0.0033% | 1h | 2.9665 | long leg | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0081% | 8h | 2.9540 | −0.422% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9466 | −0.671% | $143K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9485 | −0.607% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9463 | −0.680% | $260K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Lighter ICP
Hyperliquid 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 | 2.9459 | −0.693% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDTshort | +0.0100% | 8h | 2.9443 | −0.748% | $28.9M | $48.6M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9450 | −0.725% | $17.1M | $17.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9460 | −0.691% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9450 | −0.725% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | −0.725% | $18.8M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9460 | −0.691% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9460 | −0.691% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9460 | −0.691% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9486 | −0.604% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9464 | −0.677% | $567K | $475K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9450 | −0.725% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.758% | $103K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9441 | −0.754% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9510 | −0.523% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9550 | −0.388% | $66K | $60K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9448 | −0.732% | $31K | — | 100x | as long as short |
Pacifica ICP
Bybit ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]