Funding you earn now, next payment 22:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.021%
Price spread now: BloFin against Lighter−0.241%90s7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as 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−$500.498% of the position
Funding, last 7 days+0.346%+$35 on $10k
+Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.241%, 7d avg −0.035%
=Together, before fees+0.501%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.205% cheaper against Lighter than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.035%). If the spread goes back, that is −$21 on $10k: about 9.0 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.346% in total) that is about 4.2 days. The two prices were read 90 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 | Lighter ICP | 2.9912 | 0.0144 | pay 0.0018% / 1h | 25m 23s | $167K | $442K | 5x |
| Short | BloFin ICP-USDT | 2.9840 | 0.0220 | get 0.0220% / 8h | 2h 25m | $1.2M | $2.2M | 75x |
Lighter ICP
BloFin ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $15.96
- Price spread: −0.241% → −0.035%
- −$20.54
- Slippage, 4 orders
- −$37.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.4
- Costs to cover
- 0.498%
- Break-even
- 30.9 days
Slippage from Lighter: live order book, 58 min ago; BloFin: live order book, 3 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 Lighter live order book, 58 min ago | 2.19 bp | 17.0 bp −$17 | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 5.03 bp | 14.0 bp −$14 | 19.2 bp −$192 | 75.6 bp −$7,564 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1405% | 8h | 2.9710 | −0.675% | $1.7M | $780K | 50x | as long as short |
| Variational Omni ICP | −0.0254% | 8h | 2.9784 | −0.429% | $1.1M | $119K | — | as long as short |
| Injective ICP/USDC PERP | −0.0199% | 1h | 2.9665 | −0.826% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0118% | 1h | 2.9883 | −0.097% | $266 | $464 | 50x | as long as short |
| Gate ICP_USDT | −0.0102% | 8h | 2.9860 | −0.174% | $1.9M | $2.7M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9889 | −0.078% | $70K | $4K | 5x | as long as short |
| Bybit ICPUSDT | +0.0005% | 8h | 2.9860 | −0.174% | $17.2M | $17.6M | 75x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9887 | −0.085% | $27K | — | 150x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9883 | −0.098% | $188K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9888 | −0.079% | $135K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
Gate ICP_USDT
dYdX ICP-USD
Bybit ICPUSDT
gTrade (Gains Network) ICP/USD
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 | 2.9876 | −0.119% | $29.1M | $48.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9860 | −0.174% | $5.8M | $15.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9880 | −0.107% | $19.2M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9880 | −0.107% | $5.3M | $12.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9890 | −0.074% | $6.9M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9880 | −0.107% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9855 | −0.190% | $23K | $276K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9854 | −0.194% | $572K | $481K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9880 | −0.107% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9880 | −0.107% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9877 | −0.117% | $24K | $123K | 10x | as long as short |
| Lighter ICPlong | +0.0144% | 1h | 2.9912 | long leg | $167K | $442K | 5x | |
| Kraken Futures PF_ICPUSD | +0.0147% | 1h | 2.9916 | +0.014% | $490K | $517K | 50x | as long as short |
| BloFin ICP-USDTshort | +0.0220% | 8h | 2.9840 | −0.241% | $1.2M | $2.2M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0232% | 1h | 2.9890 | −0.074% | $62K | $89K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0534% / S −0.0529% | 1h | 2.9880 | −0.108% | $40K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0875% | 1h | 2.9939 | +0.091% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP