Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.032%
Price spread now: Injective against Bitget+1.558%7-day average +0.782% · you sell dearer than you buy
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)−1.341%−$134 · spread now +1.558%, 7d avg +0.782%
=The price spread pays, funding is against you. Injective is 0.776% dearer against Bitget than usual: you sell high and buy low (spread +1.558% now, against its 7-day average of +0.782%): +$78 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ICPUSDT | 2.9210 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $6.9M | $4.5M | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 1m 15s | $202 | $200K | 12x |
Bitget ICPUSDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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: +1.558% → +0.782%
- $77.58
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $51.56
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 3.42 bp | 16.1 bp −$16 | 43.1 bp −$431 | 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 | −0.0127% | 1h | 2.9192 | −0.062% | $190 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0059% | 1h | 2.9210 | +0.001% | $487K | $634K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9195 | −0.051% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9203 | −0.025% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | +1.558% | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0072% | 8h | 2.9310 | +0.342% | $1.0M | $134K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9206 | −0.014% | $141K | $491K | 5x | as long as short |
| Hyperliquid ICP | +0.0100% | 1h | 2.9226 | +0.053% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9212 | +0.007% | $262K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9209 | −0.003% | $132K | $10K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Lighter ICP
Hyperliquid 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 | 2.9203 | −0.023% | $28.6M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9180 | −0.103% | $16.9M | $17.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9200 | −0.034% | $5.6M | $14.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9190 | −0.068% | $1.8M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9210 | 0.000% | $18.0M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9180 | −0.103% | $4.8M | $12.2M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 2.9210 | long leg | $6.9M | $4.5M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9200 | −0.034% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9233 | +0.080% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9263 | +0.181% | $562K | $492K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9200 | −0.034% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9200 | −0.034% | $102K | $116K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9290 | +0.274% | $1.7M | $782K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9191 | −0.065% | $22K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9220 | +0.034% | $1.2M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9530 | +1.096% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9198 | −0.041% | $30K | — | 100x | as long as short |
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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]