Funding you earn now, next payment 02:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against Extended−0.188%7-day average +0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.299%+$30 · spread now −0.188%, 7d avg +0.072%
=Together, before fees+0.178%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$18 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 0.260% cheaper against Extended than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ICP-USD | 3.0067 | 0.0104 | pay 0.0013% / 1h | 28m 23s | $22K | $131K | 10x |
| Short | Lighter ICP | 3.0011 | 0.0096 | get 0.0012% / 1h | 28m 23s | $164K | $491K | 5x |
Extended ICP-USD
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: −0.188% → +0.072%
- −$26
- Slippage, 4 orders
- −$42.08
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$74.76
- Costs to cover
- 0.471%
- Break-even
- never at this rate
Slippage from Extended: live order book, 37 min ago; Lighter: live order book, 32 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 Extended live order book, 37 min ago | 4.27 bp | 12.3 bp −$12 | 74.5 bp −$745 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 32 min ago | 2.15 bp | 3.9 bp −$4 | 30.8 bp −$308 | doesn't fit | doesn't fit |
ICP on 26 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 | −0.0004% | 8h | 2.9960 | −0.356% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9984 | −0.278% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0093 | +0.085% | $268 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0070 | +0.008% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.339% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0011 | −0.188% | $164K | $491K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0031 | −0.121% | $292K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9994 | −0.244% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0070 | +0.008% | $29.7M | $54.3M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0060 | −0.025% | $17.7M | $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 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0080 | +0.042% | $5.9M | $17.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0060 | −0.025% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0050 | −0.058% | $19.5M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0040 | −0.091% | $5.0M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0100 | +0.108% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0060 | −0.025% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9967 | −0.335% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9918 | −0.496% | $580K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0030 | −0.125% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.391% | $105K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9940 | −0.424% | $1.8M | $792K | 50x | as long as short |
| Extended ICP-USDlong | +0.0104% | 1h | 3.0067 | long leg | $22K | $131K | 10x | |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0040 | −0.091% | $65K | $75K | 50x | as long as short |
| Hyperliquid ICP | +0.0291% | 1h | 3.0080 | +0.042% | $4.7M | $5.2M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0073 | +0.018% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0891% | 1h | 3.0133 | +0.216% | $546K | $611K | 50x | as long as short |
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
Phemex ICPUSDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD