Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin+0.085%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$700.701% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.085%, 7d avg +0.008%
=Together, before fees+0.042%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 0.077% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ICPUSDTM | 2.9430 | 0.0100 | pay 0.0100% / 8h | 4h 41m | $4.8M | $12.8M | 50x |
| Short | Lighter ICP | 2.9455 | 0.0096 | get 0.0012% / 1h | 41m 50s | $157K | $486K | 5x |
KuCoin ICPUSDTM
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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: +0.085% → +0.008%
- $7.72
- Slippage, 4 orders
- −$58.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$63.26
- Costs to cover
- 0.701%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 8 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 KuCoin live order book, 2 min ago | 3.40 bp | 22.9 bp −$23 | 85.6 bp −$856 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 0.68 bp | 2.0 bp −$2 | 27.9 bp −$279 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ICP-USD | 0.0000% | 1h | 2.9437 | +0.024% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9439 | +0.031% | $262 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9451 | +0.072% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.799% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0087% | 8h | 2.9410 | −0.069% | $1.1M | $116K | — | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9455 | +0.085% | $157K | $486K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9448 | +0.060% | $268K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9442 | +0.039% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9440 | +0.034% | $28.9M | $51.7M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9420 | −0.034% | $17.0M | $18.5M | 75x | as long as short |
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
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 | 2.9440 | +0.034% | $5.6M | $16.4M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9430 | 0.000% | $1.8M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9440 | +0.034% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTMlong | +0.0100% | 8h | 2.9430 | long leg | $4.8M | $12.8M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9440 | +0.034% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9440 | +0.034% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9429 | −0.004% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9404 | −0.090% | $569K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9440 | +0.034% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9430 | 0.000% | $103K | $175K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9440 | +0.034% | $1.7M | $791K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9432 | +0.008% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9490 | +0.204% | $1.2M | $2.2M | 75x | as long as short |
| Hyperliquid ICP | +0.0288% | 1h | 2.9472 | +0.143% | $4.6M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.951% | $67K | $62K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0503% / S −0.0480% | 1h | 2.9446 | +0.055% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0573% | 1h | 2.9463 | +0.114% | $518K | $623K | 50x | as long as short |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD