Funding you earn now, next payment 02:00 UTC−0.0414%/8h= −45.3% APRnext payment −$0.52 per $10,000 · paid last 24h −0.081%
Price spread now: Lighter against GMX+0.067%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.067% dearer against GMX than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ICP/USD [WBTC.b-USDC] | 3.0184 | L +0.0510% / S −0.0480% | pay 0.0064% / 1h | 25m 04s | $38K | — | 100x |
| Short | Lighter ICP | 3.0204 | 0.0096 | get 0.0012% / 1h | 25m 04s | $165K | $491K | 5x |
GMX ICP/USD [WBTC.b-USDC]
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$86.85
- Price spread: +0.067% → 0.000%
- $6.74
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$92.11
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 35 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 35 min ago | 2.15 bp | 3.9 bp −$4 | 30.8 bp −$308 | doesn't fit | doesn't fit |
GMX: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 3.0177 | −0.021% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0178 | −0.019% | $269 | $464 | 50x | as long as short |
| Variational Omni ICP | +0.0002% | 8h | 3.0160 | −0.078% | $1.1M | $118K | — | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0182 | −0.004% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.718% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0204 | +0.067% | $165K | $491K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0185 | +0.005% | $281K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0140 | −0.143% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0173 | −0.036% | $29.8M | $54.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0170 | −0.045% | $17.7M | $19.0M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
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 | 3.0170 | −0.045% | $5.9M | $17.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0170 | −0.045% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0170 | −0.045% | $19.5M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0150 | −0.112% | $5.0M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0190 | +0.021% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0180 | −0.012% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0111 | −0.240% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0134 | −0.166% | $585K | $491K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0150 | −0.112% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0100 | −0.277% | $105K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0140 | −0.145% | $1.8M | $793K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0172 | −0.038% | $22K | $131K | 10x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0180 | −0.012% | $65K | $71K | 50x | as long as short |
| Hyperliquid ICP | +0.0261% | 1h | 3.0201 | +0.057% | $4.7M | $5.2M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC]long | L +0.0510% / S −0.0480% | 1h | 3.0184 | long leg | $38K | — | 100x | |
| Kraken Futures PF_ICPUSD | +0.0889% | 1h | 3.0209 | +0.083% | $547K | $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
Extended ICP-USD
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
Kraken Futures PF_ICPUSD