Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against Binance+0.166%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$350.345% of the position
Funding, last 7 days−0.108%−$11 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.166%, 7d avg +0.038%
=Together, before fees−0.228%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.128% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.038%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 3.0223 | 0.0100 | pay 0.0100% / 8h | 2m 53s | $29.8M | $51.8M | 75x |
| Short | Lighter ICP | 3.0273 | 0.0096 | get 0.0012% / 1h | 2m 53s | $157K | $455K | 5x |
Binance ICPUSDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$0.84
- Price spread: +0.166% → +0.038%
- $12.81
- Slippage, 4 orders
- −$24.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.55
- Costs to cover
- 0.345%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Lighter: live order book, 2 min ago.
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 Binance live order book, 9 min ago | 1.66 bp | 10.9 bp −$11 | 20.6 bp −$206 | 286.6 bp −$28.7K | doesn't fit |
| Sell Lighter live order book, 2 min ago | 0.99 bp | 2.2 bp −$2 | 24.2 bp −$242 | doesn't fit | doesn't fit |
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 | −0.1257% | 8h | 3.0320 | +0.321% | $1.8M | $761K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0279% | 1h | 3.0247 | +0.080% | $270 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0108% | 8h | 3.0111 | −0.370% | $1.1M | $108K | — | as long as short |
| Gate ICP_USDT | −0.0005% | 8h | 3.0220 | −0.010% | $1.9M | $2.9M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0264 | +0.136% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0255 | +0.106% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.846% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0273 | +0.166% | $157K | $455K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0259 | +0.121% | $182K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0237 | +0.047% | $137K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Gate ICP_USDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDTlong | +0.0100% | 8h | 3.0223 | long leg | $29.8M | $51.8M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0220 | −0.010% | $17.9M | $18.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0210 | −0.043% | $6.1M | $16.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0230 | +0.024% | $19.1M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0230 | +0.024% | $5.1M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0240 | +0.057% | $7.1M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0230 | +0.024% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0123 | −0.330% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0211 | −0.038% | $582K | $450K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0230 | +0.024% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0130 | −0.307% | $108K | $228K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0239 | +0.054% | $25K | $118K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0171% | 1h | 3.0283 | +0.198% | $552K | $594K | 50x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0110 | −0.373% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0540 | +1.049% | $64K | $89K | 50x | as long as short |
| Hyperliquid ICP | +0.0284% | 1h | 3.0287 | +0.212% | $4.7M | $5.0M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0257 | +0.113% | $38K | — | 100x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
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
Kraken Futures PF_ICPUSD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]