Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%
Price spread now: MEXC against Injective−0.860%7-day average −0.798% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)+0.351%+$35 · spread now −0.860%, 7d avg −0.798%
=Funding pays, the price is against you. MEXC is 0.062% cheaper against Injective than usual: you would sell low and buy high (spread −0.860% now, against its 7-day average of −0.798%). If the spread goes back, that is −$6 on $10k: about 3.1 days of funding at the current rate (+$2 a day).
| 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 | 24m 45s | $202 | $200K | 12x |
| Short | MEXC ICP_USDT | 2.9410 | 0.0100 | get 0.0100% / 8h | 7h 24m | $19.0M | $9.9M | 50x |
Injective ICP/USDC PERP
MEXC ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: −0.860% → −0.798%
- −$6.2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $7.78
- Costs to cover
- 0.000%
- Break-even
- 3.1 days
Slippage unknown: Injective: no order-book sample; MEXC: live order book, 9 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 MEXC live order book, 9 min ago | 1.70 bp | 3.5 bp −$4 | 8.1 bp −$81 | 50.0 bp −$4,996 | 129.6 bp −$64.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0341% | 1h | 2.9457 | −0.700% | $521K | $654K | 50x | as long as short |
| Variational Omni ICP | −0.0164% | 8h | 2.9309 | −1.199% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9427 | −0.802% | $69K | $1K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9425 | −0.809% | $191 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9422 | −0.819% | $6K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0026% | 8h | 2.9390 | −0.927% | $17.1M | $17.8M | 75x | as long as short |
| Injective ICP/USDC PERPlong | +0.0033% | 1h | 2.9665 | long leg | $202 | $200K | 12x | |
| Lighter ICP | +0.0096% | 1h | 2.9433 | −0.782% | $136K | $489K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9425 | −0.808% | $277K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9435 | −0.774% | $133K | $9K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Bybit 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 | 2.9416 | −0.840% | $28.7M | $48.1M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9410 | −0.860% | $5.7M | $14.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9400 | −0.893% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDTshort | +0.0100% | 8h | 2.9410 | −0.860% | $19.0M | $9.9M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9420 | −0.826% | $4.9M | $11.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9440 | −0.758% | $7.0M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9420 | −0.826% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9364 | −1.016% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9365 | −1.012% | $558K | $578K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.758% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9390 | −0.927% | $103K | $114K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9420 | −0.826% | $1.7M | $687K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9411 | −0.855% | $22K | $233K | 10x | as long as short |
| Hyperliquid ICP | +0.0205% | 1h | 2.9483 | −0.614% | $4.5M | $4.5M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9440 | −0.758% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9540 | −0.421% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0455% / S −0.0403% | 1h | 2.9418 | −0.832% | $32K | — | 100x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]