Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against GRVT−0.003%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$730.728% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.003%, 7d avg +0.071%
=Together, before fees−0.361%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$36 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 0.074% cheaper against GRVT than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ICP_USDT_Perp | 2.9557 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $563K | $513K | 10x |
| Short | Lighter ICP | 2.9556 | 0.0096 | get 0.0012% / 1h | 59m 05s | $139K | $495K | 5x |
GRVT ICP_USDT_Perp
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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: −0.003% → +0.071%
- −$7.41
- Slippage, 4 orders
- −$63.81
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$81.06
- Costs to cover
- 0.728%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 49 min ago; Lighter: live order book, 41 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 GRVT live order book, 49 min ago | 3.42 bp | 19.5 bp −$19 | 121.7 bp −$1,217 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 41 min ago | 2.06 bp | 18.7 bp −$19 | 41.7 bp −$417 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0313% | 1h | 2.9564 | +0.024% | $524K | $665K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0190% | 1h | 2.9546 | −0.037% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0089% | 8h | 2.9430 | −0.430% | $1.8M | $676K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9564 | +0.024% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9551 | −0.021% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.365% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0058% | 8h | 2.9540 | −0.059% | $1.1M | $133K | — | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9556 | −0.003% | $139K | $495K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9596 | +0.132% | $265K | $1.2M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9552 | −0.016% | $133K | $9K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni 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 | 2.9590 | +0.112% | $29.0M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9570 | +0.044% | $17.3M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9590 | +0.112% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9560 | +0.010% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9560 | +0.010% | $18.6M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9550 | −0.024% | $4.8M | $12.2M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9600 | +0.145% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9570 | +0.044% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9539 | −0.061% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perplong | +0.0100% | 8h | 2.9557 | long leg | $563K | $513K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 2.9530 | −0.091% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.294% | $103K | $118K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9582 | +0.083% | $23K | $131K | 10x | as long as short |
| Hyperliquid ICP | +0.0204% | 1h | 2.9611 | +0.183% | $4.6M | $4.8M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9580 | +0.078% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9590 | +0.112% | $58K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9555 | −0.008% | $31K | — | 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
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]