Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against edgeX+0.500%79s7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.504% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 3 days (all we have)−0.574%−$57 · spread now +0.500%, 7d avg +0.093%
=Together, before fees−0.756%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$76 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 0.407% dearer against edgeX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.093%. The two prices were read 79 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 | edgeX ICPUSDC | 3.0017 | 0.0100 | pay 0.0050% / 4h | 2h 49m | $23K | $279K | 10x |
| Short | Lighter ICP | 3.0167 | 0.0096 | get 0.0012% / 1h | 49m 59s | $166K | $488K | 5x |
edgeX ICPUSDC
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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: +0.500% → +0.093%
- $40.66
- Slippage, 4 orders
- −$41.37
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.56
- Costs to cover
- 0.504%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 18 min ago; Lighter: live order book, 10 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 edgeX live order book, 18 min ago | 9.83 bp | 14.3 bp −$14 | 29.1 bp −$291 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 2.15 bp | 3.9 bp −$4 | 30.8 bp −$308 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.0025% | 8h | 3.0040 | +0.078% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0104 | +0.290% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0121 | +0.347% | $268 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0114 | +0.325% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.173% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0167 | +0.500% | $166K | $488K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0130 | +0.377% | $310K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0117 | +0.335% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0154 | +0.455% | $30.0M | $54.1M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0150 | +0.443% | $17.8M | $19.0M | 75x | as long as short |
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0160 | +0.477% | $5.9M | $17.3M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0150 | +0.443% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0170 | +0.510% | $19.2M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0150 | +0.443% | $5.0M | $13.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0170 | +0.510% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0150 | +0.443% | — | $6.1M | — | as long as short |
| edgeX ICPUSDClong | +0.0100% | 4h | 3.0017 | long leg | $23K | $279K | 10x | |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0048 | +0.103% | $571K | $477K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0100 | +0.277% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0040 | +0.077% | $105K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0190 | +0.576% | $1.8M | $788K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0146 | +0.431% | $22K | $128K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0060 | +0.143% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0120 | +0.343% | $61K | $69K | 50x | as long as short |
| Hyperliquid ICP | +0.0483% | 1h | 3.0198 | +0.603% | $4.8M | $5.1M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0108 | +0.302% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0890% | 1h | 3.0161 | +0.478% | $546K | $620K | 50x | as long as short |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD