Funding you earn now, next payment 00:00 UTC−0.0247%/8h= −27.0% APRnext payment −$0.31 per $10,000 · paid last 24h −0.045%
Price spread now: Injective against Coinbase International−2.801%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.500%−$50 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Injective is 2.801% cheaper against Coinbase International than usual: you would sell low and buy high (−$280 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 3.0520 | 0.0280 | pay 0.0035% / 1h | 34m 52s | $63K | $87K | 50x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 34m 52s | $202 | $200K | 12x |
Coinbase International ICP-PERP-INTX
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Coinbase International. 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
- −$51.8
- Price spread: −2.801% → 0.000%
- −$280.14
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$341.96
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Coinbase International and 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 | −0.0372% | 1h | 3.0512 | −0.026% | $272 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0121% | 1h | 3.0557 | +0.123% | $557K | $598K | 50x | as long as short |
| Variational Omni ICP | −0.0076% | 8h | 3.0520 | +0.001% | $1.1M | $111K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0580 | +0.197% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0534 | +0.047% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | −2.801% | $202 | $200K | 12x | |
| Phemex ICPUSDT | +0.0034% | 8h | 3.0520 | 0.000% | $1.8M | $780K | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0555 | +0.115% | $175K | $479K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0549 | +0.094% | $301K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0570 | +0.163% | $139K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Phemex ICPUSDT
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 | 3.0530 | +0.033% | $30.5M | $52.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0520 | 0.000% | $18.1M | $18.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0520 | 0.000% | $6.2M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0540 | +0.066% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0530 | +0.033% | $19.6M | $9.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0510 | −0.033% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0540 | +0.066% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0530 | +0.033% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0398 | −0.400% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0337 | −0.601% | $587K | $463K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0510 | −0.033% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0460 | −0.197% | $107K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0513 | −0.025% | $23K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0173% | 1h | 3.0573 | +0.173% | $4.8M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0530 | +0.033% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0280% | 1h | 3.0520 | long leg | $63K | $87K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0511% / S −0.0480% | 1h | 3.0527 | +0.024% | $38K | — | 100x | as long as short |
Binance ICPUSDT
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
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]