Funding you earn now, next payment 23:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.020%
Price spread now: Gate against Lighter−0.134%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$570.571% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.134%, 7d avg −0.058%
=Together, before fees+0.005%+ Points / potential airdropLighter: Season 3 · farm board$0 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.075% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9900 | 0.0096 | pay 0.0012% / 1h | 43m 54s | $166K | $442K | 5x |
| Short | Gate ICP_USDT | 2.9860 | −0.0100 | pay 0.0100% / 8h | 1h 43m | $1.9M | $2.7M | 50x |
Lighter ICP
Gate ICP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$41.16
- Price spread: −0.134% → −0.058%
- −$7.53
- Slippage, 4 orders
- −$42.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$105.8
- Costs to cover
- 0.571%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 31 min ago; Gate: live order book, 4 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, 31 min ago | 0.67 bp | 13.6 bp −$14 | 37.6 bp −$376 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.35 bp | 18.6 bp −$19 | 66.4 bp −$664 | 151.0 bp −$15.1K | 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 | −0.1242% | 8h | 2.9740 | −0.535% | $1.7M | $777K | 50x | as long as short |
| Variational Omni ICP | −0.0204% | 8h | 2.9852 | −0.160% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.786% | $202 | $200K | 12x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0118% | 1h | 2.9876 | −0.080% | $266 | $464 | 50x | as long as short |
| Gate ICP_USDTshort | −0.0100% | 8h | 2.9860 | −0.134% | $1.9M | $2.7M | 50x | |
| dYdX ICP-USD | 0.0000% | 1h | 2.9878 | −0.074% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9885 | −0.051% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0068% | 8h | 2.9890 | −0.033% | $17.3M | $17.7M | 75x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9900 | long leg | $166K | $442K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9889 | −0.038% | $185K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9871 | −0.097% | $135K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9888 | −0.040% | $29.5M | $49.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9880 | −0.067% | $5.9M | $15.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9890 | −0.033% | $19.3M | $8.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9890 | −0.033% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9890 | −0.033% | $6.8M | $4.4M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9880 | −0.067% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9858 | −0.139% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9845 | −0.184% | $571K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9870 | −0.100% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9830 | −0.234% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9882 | −0.059% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9870 | −0.100% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0224% | 1h | 2.9905 | +0.017% | $490K | $513K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9890 | −0.033% | $63K | $90K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0504% / S −0.0480% | 1h | 2.9885 | −0.050% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0597% | 1h | 2.9939 | +0.129% | $4.7M | $5.0M | 5x | as long as short |
Pacifica ICP
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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP