Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.019%
Price spread now: Injective against OKX−0.017%118s7-day average +0.847% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)+0.350%+$35 · spread now −0.017%, 7d avg +0.847%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.864% cheaper against OKX than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.847%). Swap the legs. The two prices were read 118 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 | OKX ICP-USDT-SWAP | 2.9670 | 0.0100 | pay 0.0100% / 8h | 4h 15m | $5.7M | $16.1M | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 15m 21s | $202 | $200K | 12x |
OKX ICP-USDT-SWAP
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against OKX. 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: −0.017% → +0.847%
- −$86.41
- Slippage, 4 orders
- no order book: not counted
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$110.43
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago | 1.69 bp | 10.9 bp −$11 | 28.3 bp −$283 | 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 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 | −0.0087% | 1h | 2.9642 | −0.094% | $264 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9636 | −0.113% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9671 | +0.004% | $22K | — | 150x | as long as short |
| Phemex ICPUSDT | +0.0023% | 8h | 2.9610 | −0.202% | $1.8M | $791K | 50x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | −0.017% | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0090% | 8h | 2.9620 | −0.169% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9671 | +0.003% | $157K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9660 | −0.034% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9642 | −0.094% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9670 | 0.000% | $29.1M | $50.5M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Phemex ICPUSDT
Variational Omni ICP
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9650 | −0.067% | $17.2M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 2.9670 | long leg | $5.7M | $16.1M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 2.9660 | −0.034% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9670 | 0.000% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9660 | −0.034% | $4.8M | $12.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9680 | +0.034% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9650 | −0.067% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9627 | −0.146% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9634 | −0.121% | $564K | $459K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9630 | −0.135% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9650 | −0.067% | $104K | $150K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9656 | −0.046% | $23K | $126K | 10x | as long as short |
| Hyperliquid ICP | +0.0145% | 1h | 2.9708 | +0.128% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9630 | −0.135% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.506% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0435% / S −0.0367% | 1h | 2.9681 | +0.036% | $31K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0569% | 1h | 2.9660 | −0.034% | $520K | $601K | 50x | as long as short |
Bybit ICPUSDT
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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD