ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0157%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h −0.124%

Price spread now: Deribit against Injective+0.148%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.148% dearer against Injective than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ICP/USDC PERP	2.9665	−0.0199	get 0.0025% / 1h	6m 31s	$202	$200K	12x
Short	Deribit ICP_USDC-PERPETUAL	2.9709	−0.0356	pay 0.0044% / 1h	6m 31s	$265	$464	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee DeribitbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$32.87
Price spread: +0.148% → 0.000%: $14.83
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.05
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Deribit: 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 Injective no order-book sample	—	—	—	—	—
Sell Deribit no order-book sample	—	—	—	—	—

Injective and Deribit: 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	−0.1318%	8h	2.9650	−0.051%	$1.7M	$779K	50x	as long as short
Deribit ICP_USDC-PERPETUALshort	−0.0356%	1h	2.9709	+0.148%	$265	$464	50x
Variational Omni ICP	−0.0229%	8h	2.9694	+0.099%	$1.1M	$121K	—	as long as short
Injective ICP/USDC PERPlong	−0.0199%	1h	2.9665	long leg	$202	$200K	12x
Gate ICP_USDT	−0.0104%	8h	2.9670	+0.017%	$1.9M	$2.7M	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9732	+0.226%	$69K	$4K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0010%	1h	2.9726	+0.206%	$27K	—	150x	as long as short
Bybit ICPUSDT	+0.0034%	8h	2.9620	−0.152%	$17.1M	$17.7M	75x	as long as short
Lighter ICP	+0.0096%	1h	2.9714	+0.165%	$166K	$443K	5x	as long as short
Aster ICPUSDT	+0.0100%	8h	2.9726	+0.204%	$187K	$1.5M	20x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ICP	+0.0100%	1h	2.9685	+0.067%	$134K	$11K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9642	−0.076%	$28.8M	$49.0M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9640	−0.084%	$5.8M	$15.6M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9680	+0.051%	$19.5M	$8.6M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9710	+0.152%	$5.2M	$12.9M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9670	+0.017%	$6.8M	$4.5M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9680	+0.051%	—	$4.9M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9757	+0.309%	$23K	$277K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9750	+0.286%	$569K	$469K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9700	+0.118%	$2K	$1.7M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9720	+0.185%	$106K	$219K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9686	+0.072%	$25K	$124K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0148%	1h	2.9722	+0.194%	$487K	$518K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9670	+0.017%	$1.2M	$2.2M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0232%	1h	2.9890	+0.758%	$62K	$89K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0432% / S −0.0367%	1h	2.9719	+0.181%	$31K	—	100x	as long as short
Hyperliquid ICP	+0.0828%	1h	2.9756	+0.307%	$4.7M	$5.0M	5x	as long as short