Funding you earn now, next payment 11:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.042%
Price spread now: Kraken Futures against Lighter+0.052%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$690.694% of the position
Funding, last 7 days−0.240%−$24 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.052%, 7d avg +0.026%
=Together, before fees−0.471%+ Points / potential airdropLighter: Season 3 · farm board−$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.026% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.240%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9181 | 0.0096 | pay 0.0012% / 1h | 29m 14s | $135K | $454K | 5x |
| Short | Kraken Futures PF_ICPUSD | 2.9196 | 0.0189 | get 0.0024% / 1h | 29m 14s | $518K | $586K | 50x |
Lighter ICP
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $19.48
- Price spread: +0.052% → +0.026%
- $2.59
- Slippage, 4 orders
- −$59.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$47.34
- Costs to cover
- 0.694%
- Break-even
- 24.0 days
Slippage from Lighter: live order book, 8 min ago; Kraken Futures: live order book, 17 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, 8 min ago | 3.24 bp | 10.5 bp −$11 | 36.7 bp −$367 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 3.41 bp | 17.0 bp −$17 | 33.1 bp −$331 | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0401% | 1h | 2.9164 | −0.058% | $190 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0146% | 8h | 2.9123 | −0.198% | $1.1M | $195K | — | as long as short |
| Phemex ICPUSDT | −0.0140% | 8h | 2.9210 | +0.099% | $1.7M | $703K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9158 | −0.079% | $67K | $2K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9156 | −0.086% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.659% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9181 | long leg | $135K | $454K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9182 | +0.003% | $250K | $892K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9180 | −0.005% | $132K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9165 | −0.055% | $28.2M | $47.4M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9150 | −0.106% | $16.9M | $17.1M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9160 | −0.072% | $5.7M | $12.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9150 | −0.106% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9160 | −0.072% | $18.2M | $9.4M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9180 | −0.003% | $4.9M | $10.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9160 | −0.072% | $6.9M | $4.3M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9160 | −0.072% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9130 | −0.175% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9135 | −0.159% | $562K | $625K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9160 | −0.072% | $2K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9140 | −0.141% | $102K | $128K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9157 | −0.082% | $22K | $239K | 10x | as long as short |
| Kraken Futures PF_ICPUSDshort | +0.0189% | 1h | 2.9196 | +0.052% | $518K | $586K | 50x | |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9180 | −0.003% | $1.2M | $2.3M | 75x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0424% / S −0.0357% | 1h | 2.9173 | −0.029% | $30K | — | 100x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0424% | 1h | 2.9570 | +1.333% | $58K | $63K | 50x | as long as short |
| Hyperliquid ICP | +0.0461% | 1h | 2.9225 | +0.151% | $4.5M | $4.3M | 5x | as long as short |
Bybit ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]
Coinbase International ICP-PERP-INTX
Hyperliquid ICP