Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.095%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as 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)−0.119%−$12 · spread now −0.095%, 7d avg −0.008%
=Together, before fees−0.031%+ Points / potential airdropLighter: Season 3 · farm board−$3 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: KuCoin is 0.087% cheaper against Lighter than usual: you would sell low and buy high, −$9 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 | Lighter ICP | 2.9468 | 0.0096 | pay 0.0012% / 1h | 41m 17s | $157K | $486K | 5x |
| Short | KuCoin ICPUSDTM | 2.9440 | 0.0100 | get 0.0100% / 8h | 4h 41m | $4.8M | $12.8M | 50x |
Lighter ICP
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $0.84
- Price spread: −0.095% → −0.008%
- −$8.73
- Slippage, 4 orders
- −$58.14
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$78.03
- Costs to cover
- 0.701%
- Break-even
- 657.3 days
Slippage from Lighter: live order book, 9 min ago; KuCoin: live order book, 2 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, 9 min ago | 0.68 bp | 17.4 bp −$17 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 3.40 bp | 27.8 bp −$28 | 68.0 bp −$680 | 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 | −0.105% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9457 | −0.037% | $263 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9452 | −0.053% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.669% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0087% | 8h | 2.9410 | −0.198% | $1.1M | $116K | — | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9468 | long leg | $157K | $486K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9451 | −0.059% | $268K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9446 | −0.076% | $133K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9450 | −0.061% | $28.9M | $51.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9450 | −0.061% | $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 | 2.9460 | −0.027% | $5.6M | $16.4M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9440 | −0.095% | $1.8M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9440 | −0.095% | $19.7M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9440 | −0.095% | $4.8M | $12.8M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9460 | −0.027% | $6.9M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9450 | −0.061% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9466 | −0.008% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9404 | −0.219% | $569K | $464K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9440 | −0.095% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9430 | −0.129% | $103K | $175K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9440 | −0.095% | $1.7M | $791K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9442 | −0.087% | $22K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9490 | +0.075% | $1.2M | $2.2M | 75x | as long as short |
| Hyperliquid ICP | +0.0283% | 1h | 2.9474 | +0.020% | $4.6M | $5.0M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9710 | +0.821% | $67K | $62K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0503% / S −0.0480% | 1h | 2.9449 | −0.066% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0573% | 1h | 2.9463 | −0.015% | $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