Funding you earn now, next payment 01:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.052%
Price spread now: Injective against Variational Omni−2.960%106s7-day average +0.970% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.069%+$7 on $10k
+Price spread, last 3 days (all we have)+3.211%+$321 · spread now −2.960%, 7d avg +0.970%
=Together, before fees+3.280%+ Points / potential airdropVariational Omni: Active · farm board+$328 on $10k · with fees, hour by hour
Funding pays, the price is against you. Injective is 3.930% cheaper against Variational Omni than usual: you would sell low and buy high (spread −2.960% now, against its 7-day average of +0.970%). If the spread goes back, that is −$393 on $10k: about 5 months of funding at the current rate (+$3 a day). The two prices were read 106 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 | Variational Omni ICP | 3.0570 | −0.0052 | get 0.0052% / 8h | 7h 07m | $1.1M | $113K | — |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 7m 33s | $202 | $200K | 12x |
Variational Omni ICP
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- $17.89
- Price spread: −2.960% → +0.970%
- −$392.99
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$375.11
- Costs to cover
- 0.000%
- Break-even
- 153.8 days
Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago | 4.36 bp | doesn't fit | 31.8 bp −$318 | 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 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 | −0.0121% | 1h | 3.0630 | +0.196% | $557K | $600K | 50x | as long as short |
| Variational Omni ICPlong | −0.0052% | 8h | 3.0570 | long leg | $1.1M | $113K | — | |
| dYdX ICP-USD | 0.0000% | 1h | 3.0548 | −0.071% | $71K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0588 | +0.059% | $273 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0593 | +0.077% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | −2.960% | $202 | $200K | 12x | |
| Phemex ICPUSDT | +0.0039% | 8h | 3.0560 | −0.033% | $1.8M | $776K | 50x | as long as short |
| Lighter ICP | +0.0096% | 1h | 3.0583 | +0.043% | $171K | $484K | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 3.0606 | +0.118% | $338K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0565 | −0.017% | $139K | $11K | 5x | as long as short |
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
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 | 3.0537 | −0.109% | $30.6M | $52.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0540 | −0.098% | $18.1M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0540 | −0.098% | $6.2M | $16.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0540 | −0.098% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0540 | −0.098% | $20.1M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0530 | −0.131% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0560 | −0.033% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0550 | −0.065% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0599 | +0.094% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0681 | +0.362% | $582K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0580 | +0.033% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0550 | −0.065% | $107K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0543 | −0.089% | $22K | $131K | 10x | as long as short |
| Hyperliquid ICP | +0.0196% | 1h | 3.0630 | +0.196% | $4.8M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0640 | +0.229% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0680 | +0.360% | $63K | $66K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0512% / S −0.0480% | 1h | 3.0595 | +0.082% | $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
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]