Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.032%
Price spread now: Bitget against Injective−0.354%7-day average −0.782% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.354%, 7d avg −0.782%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.428% dearer against Injective than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.782%.
| 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 | 49m 17s | $202 | $200K | 12x |
| Short | Bitget ICPUSDT | 2.9560 | 0.0100 | get 0.0100% / 8h | 3h 49m | $7.0M | $4.6M | 50x |
Injective ICP/USDC PERP
Bitget ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.354% → −0.782%
- $42.79
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $44.77
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago | 1.68 bp | 16.4 bp −$16 | 39.3 bp −$393 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.0075% | 8h | 2.9560 | −0.354% | $1.8M | $791K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9605 | −0.203% | $531K | $606K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0021% | 1h | 2.9562 | −0.347% | $263 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9592 | −0.244% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9572 | −0.312% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERPlong | +0.0033% | 1h | 2.9665 | long leg | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0086% | 8h | 2.9590 | −0.253% | $1.1M | $118K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9591 | −0.249% | $154K | $477K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9598 | −0.227% | $4.6M | $4.9M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9580 | −0.285% | $263K | $1.6M | 20x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
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 | 2.9580 | −0.287% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9560 | −0.353% | $29.0M | $49.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9540 | −0.421% | $17.1M | $17.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9570 | −0.320% | $5.7M | $15.5M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9560 | −0.354% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9560 | −0.354% | $19.5M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9580 | −0.287% | $4.9M | $12.4M | 50x | as long as short |
| Bitget ICPUSDTshort | +0.0100% | 8h | 2.9560 | −0.354% | $7.0M | $4.6M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9560 | −0.354% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9655 | −0.034% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9682 | +0.059% | $568K | $470K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9560 | −0.354% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9520 | −0.489% | $103K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9544 | −0.409% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9540 | −0.421% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9750 | +0.287% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9567 | −0.331% | $31K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
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]