Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%
Price spread now: Binance against Injective+1.620%87s7-day average −0.847% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 3 days (all we have)−1.777%−$178 · spread now +1.620%, 7d avg −0.847%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 2.466% dearer against Injective than usual: you sell high and buy low: +$247 more if the spread goes back to its 7-day average of −0.847%. The two prices were read 87 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 | Injective ICP/USDC PERP | 2.9665 | 0.0033 | pay 0.0004% / 1h | 21m 52s | $202 | $200K | 12x |
| Short | Binance ICPUSDT | 3.0145 | 0.0100 | get 0.0100% / 8h | 6h 21m | $29.8M | $53.9M | 75x |
Injective ICP/USDC PERP
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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: +1.620% → −0.847%
- $246.63
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $250.61
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Binance: live order book, 5 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 5 min ago | 1.66 bp | 11.6 bp −$12 | 26.3 bp −$263 | 205.9 bp −$20.6K | doesn't fit |
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 26 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 | −0.0147% | 1h | 3.0178 | +1.729% | $269 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0187 | +1.761% | $70K | $4K | 5x | as long as short |
| Variational Omni ICP | +0.0002% | 8h | 3.0160 | +1.669% | $1.1M | $118K | — | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0182 | +1.744% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERPlong | +0.0033% | 1h | 2.9665 | long leg | $202 | $200K | 12x | |
| Phemex ICPUSDT | +0.0092% | 8h | 3.0110 | +1.500% | $1.8M | $793K | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0202 | +1.810% | $165K | $491K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0180 | +1.736% | $281K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0189 | +1.765% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDTshort | +0.0100% | 8h | 3.0145 | +1.620% | $29.8M | $53.9M | 75x |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
Variational Omni ICP
gTrade (Gains Network) ICP/USD
Phemex ICPUSDT
Lighter ICP
Aster ICPUSDT
Pacifica ICPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0150 | +1.635% | $17.7M | $19.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0130 | +1.568% | $5.9M | $17.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0150 | +1.635% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0160 | +1.669% | $19.5M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0140 | +1.601% | $4.9M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0170 | +1.702% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0150 | +1.635% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0111 | +1.504% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0171 | +1.707% | $585K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0160 | +1.669% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0140 | +1.601% | $105K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0161 | +1.673% | $22K | $131K | 10x | as long as short |
| Hyperliquid ICP | +0.0235% | 1h | 3.0197 | +1.793% | $4.7M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0180 | +1.736% | $65K | $71K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0174 | +1.717% | $38K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0889% | 1h | 3.0214 | +1.852% | $548K | $611K | 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