Funding you earn now, next payment 12:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.14 per $10,000 · paid last 24h +0.007%
Price spread now: Injective against Kraken Futures+1.178%63s7-day average +0.669% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 4 days (all we have)−0.906%−$91 · spread now +1.178%, 7d avg +0.669%
=The price spread pays, funding is against you. Injective is 0.508% dearer against Kraken Futures than usual: you sell high and buy low (spread +1.178% now, against its 7-day average of +0.669%): +$51 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you. The two prices were read 63 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 | Kraken Futures PF_ICPUSD | 2.9320 | 0.0143 | pay 0.0018% / 1h | 45m 33s | $507K | $596K | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 45m 33s | $202 | $200K | 12x |
Kraken Futures PF_ICPUSD
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Kraken Futures. 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
- −$23.03
- Price spread: +1.178% → +0.669%
- $50.83
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $17.78
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 61 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 Kraken Futures live order book, 61 min ago | 3.41 bp | 27.2 bp −$27 | 63.0 bp −$630 | doesn't fit | 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 exchanges
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 | −0.0157% | 8h | 2.9250 | −0.238% | $1.7M | $703K | 50x | as long as short |
| Variational Omni ICP | −0.0131% | 8h | 2.9258 | −0.212% | $1.1M | $195K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0057% | 1h | 2.9290 | −0.101% | $191 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9326 | +0.023% | $68K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9300 | −0.066% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | +1.178% | $202 | $200K | 12x | |
| Lighter ICP | +0.0096% | 1h | 2.9347 | +0.093% | $131K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9343 | +0.081% | $246K | $889K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9331 | +0.037% | $132K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9349 | +0.100% | $28.3M | $47.4M | 75x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9330 | +0.035% | $17.1M | $17.1M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9340 | +0.069% | $5.7M | $12.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9330 | +0.035% | $1.9M | $2.6M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9330 | +0.035% | $18.2M | $9.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9330 | +0.035% | $4.9M | $10.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9360 | +0.137% | $7.0M | $4.3M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9330 | +0.035% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9199 | −0.411% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9329 | +0.033% | $561K | $652K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9340 | +0.069% | $1K | $1.3M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9330 | +0.035% | $102K | $128K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9321 | +0.004% | $22K | $243K | 10x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0143% | 1h | 2.9320 | long leg | $507K | $596K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9270 | −0.170% | $1.3M | $2.3M | 75x | as long as short |
| Hyperliquid ICP | +0.0403% | 1h | 2.9381 | +0.209% | $4.5M | $4.3M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0425% / S −0.0357% | 1h | 2.9305 | −0.051% | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0440% | 1h | 2.9360 | +0.137% | $57K | $62K | 50x | as long as short |
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
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX