Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.041%
Price spread now: Injective against Variational Omni−0.923%7-day average +1.035% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.060%+$6 on $10k
+Price spread, last 3 days (all we have)+1.147%+$115 · spread now −0.923%, 7d avg +1.035%
=Together, before fees+1.207%+ Points / potential airdropVariational Omni: Active · farm board+$121 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 1.958% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.923% now, against its 7-day average of +1.035%). If the spread goes back, that is −$196 on $10k: about 9 months of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.060% in total) that is about 4 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ICP | 2.9941 | −0.0177 | get 0.0177% / 8h | 1h 20m | $1.1M | $107K | — |
| Short | Injective ICP/USDC PERP | 2.9665 | −0.0152 | pay 0.0019% / 1h | 20m 54s | $202 | $200K | 12x |
Variational Omni ICP
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- $5.2
- Price spread: −0.923% → +1.035%
- −$195.8
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$190.62
- Costs to cover
- 0.000%
- Break-even
- 263.6 days
Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago | 6.06 bp | doesn't fit | 30.6 bp −$306 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1450% | 8h | 2.9840 | −0.338% | $1.7M | $773K | 50x | as long as short |
| Variational Omni ICPlong | −0.0177% | 8h | 2.9941 | long leg | $1.1M | $107K | — | |
| Injective ICP/USDC PERPshort | −0.0152% | 1h | 2.9665 | −0.923% | $202 | $200K | 12x | |
| Gate ICP_USDT | −0.0064% | 8h | 2.9990 | +0.163% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9997 | +0.186% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0013 | +0.240% | $267 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0004 | +0.211% | $27K | — | 150x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0043 | +0.340% | $166K | $443K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0031 | +0.300% | $203K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0021 | +0.265% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Gate ICP_USDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0010 | +0.230% | $29.6M | $50.2M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9980 | +0.129% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9990 | +0.163% | $5.9M | $16.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0000 | +0.196% | $19.2M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0000 | +0.196% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0000 | +0.196% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0000 | +0.196% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9962 | +0.069% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9989 | +0.159% | $574K | $480K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0010 | +0.230% | $838 | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | −0.038% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0004 | +0.210% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0000 | +0.196% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 3.0036 | +0.316% | $487K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.296% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 3.0003 | +0.206% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0671% | 1h | 3.0062 | +0.403% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP