Funding you earn now, next payment 04:00 UTC−0.0187%/8h= −20.4% APRpaid last 24h −0.051%
Price spread now: Injective against BloFin+0.287%7-day average +0.762% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.377%−$38 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.287%, 7d avg +0.762%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.474% cheaper against BloFin than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of +0.762%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 2.9580 | 0.0220 | pay 0.0220% / 8h | 4h 18m | $1.2M | $2.2M | 75x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 18m 36s | $202 | $200K | 12x |
BloFin ICP-USDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BloFin. 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
- −$39.2
- Price spread: +0.287% → +0.762%
- −$47.45
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$98.67
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago | 3.37 bp | 10.7 bp −$11 | 15.6 bp −$156 | 70.4 bp −$7,037 | 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 | −0.0054% | 1h | 2.9621 | +0.139% | $264 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9612 | +0.109% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9630 | +0.169% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | +0.287% | $202 | $200K | 12x | |
| Phemex ICPUSDT | +0.0038% | 8h | 2.9570 | −0.034% | $1.8M | $791K | 50x | as long as short |
| Variational Omni ICP | +0.0093% | 8h | 2.9610 | +0.100% | $1.1M | $116K | — | as long as short |
| Lighter ICP | +0.0096% | 1h | 2.9619 | +0.132% | $157K | $487K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9615 | +0.120% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9595 | +0.051% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9590 | +0.034% | $29.0M | $50.6M | 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 | 2.9590 | +0.034% | $17.1M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9600 | +0.068% | $5.7M | $16.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9600 | +0.068% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9590 | +0.034% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9590 | +0.034% | $4.8M | $12.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9620 | +0.135% | $6.9M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9610 | +0.101% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9645 | +0.219% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9651 | +0.241% | $564K | $459K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9610 | +0.101% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9620 | +0.135% | $104K | $150K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9582 | +0.006% | $23K | $130K | 10x | as long as short |
| Hyperliquid ICP | +0.0154% | 1h | 2.9625 | +0.152% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9580 | long leg | $1.2M | $2.2M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.811% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0528% | 1h | 2.9625 | +0.153% | $39K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0570% | 1h | 2.9633 | +0.180% | $520K | $601K | 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
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD