Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.034%
Price spread now: Injective against SunX+0.833%61s7-day average +0.761% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 4 days (all we have)−0.649%−$65 · spread now +0.833%, 7d avg +0.761%
=The price spread pays, funding is against you. Injective is 0.072% dearer against SunX than usual: you sell high and buy low (spread +0.833% now, against its 7-day average of +0.761%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 61 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 | SunX ICP-USDT | 2.9420 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $2K | $1.3M | 20x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 8m 08s | $202 | $200K | 12x |
SunX ICP-USDT
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against SunX. 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: +0.833% → +0.761%
- $7.15
- Slippage, 4 orders
- no order book: not counted
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$14.87
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago | 49.26 bp | 74.2 bp −$74 | doesn't fit | doesn't fit | 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 exchanges
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 | −0.0270% | 8h | 2.9400 | −0.068% | $1.7M | $704K | 50x | as long as short |
| Variational Omni ICP | −0.0094% | 8h | 2.9417 | −0.011% | $1.1M | $193K | — | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0022% | 1h | 2.9431 | +0.037% | $191 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9450 | +0.102% | $68K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9440 | +0.067% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | +0.833% | $202 | $200K | 12x | |
| Lighter ICP | +0.0096% | 1h | 2.9452 | +0.109% | $132K | $457K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9452 | +0.109% | $247K | $894K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9450 | +0.102% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9438 | +0.061% | $28.3M | $47.2M | 75x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Lighter ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9430 | +0.034% | $17.2M | $16.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9430 | +0.034% | $5.8M | $12.6M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9430 | +0.034% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9430 | +0.034% | $18.3M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9440 | +0.068% | $4.9M | $10.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9460 | +0.136% | $7.0M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | +0.068% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9419 | −0.002% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9430 | +0.035% | $566K | $676K | 10x | as long as short |
| SunX ICP-USDTlong | +0.0100% | 8h | 2.9420 | long leg | $2K | $1.3M | 20x | |
| HTX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.136% | $103K | $128K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9429 | +0.031% | $23K | $241K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0142% | 1h | 2.9469 | +0.168% | $509K | $595K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9440 | +0.068% | $1.2M | $1.9M | 75x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0425% / S −0.0357% | 1h | 2.9436 | +0.056% | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0440% | 1h | 2.9580 | +0.544% | $58K | $63K | 50x | as long as short |
| Hyperliquid ICP | +0.0474% | 1h | 2.9486 | +0.224% | $4.6M | $4.2M | 5x | 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
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX
Hyperliquid ICP