ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%

Price spread now: MEXC against Lighter−0.061%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$410.408% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.061%, 7d avg −0.044%

Together, before fees+0.068%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ICP	2.9738	0.0096	pay 0.0012% / 1h	7m 06s	$139K	$496K	5x
Short	MEXC ICP_USDT	2.9720	0.0100	get 0.0100% / 8h	1h 07m	$19.1M	$10.0M	50x

Funding history

latest

Range statsloading…

MEXC against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee LighterbpFee MEXCbpOrdersPrice spread, now −0.061%Rate

Slippage from Lighter: live order book, 28 min ago; MEXC: live order book, 1 min ago.

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, 28 min ago	7.68 bp	15.9 bp −$16	41.9 bp −$419	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.68 bp	3.3 bp −$3	9.8 bp −$98	51.4 bp −$5,140	134.1 bp −$67.1K

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
Kraken Futures PF_ICPUSD	−0.0311%	1h	2.9744	+0.020%	$526K	$651K	50x	as long as short
Phemex ICPUSDT	−0.0184%	8h	2.9580	−0.531%	$1.8M	$680K	50x	as long as short
Variational Omni ICP	−0.0026%	8h	2.9630	−0.365%	$1.1M	$133K	—	as long as short
dYdX ICP-USD	0.0000%	1h	2.9689	−0.165%	$69K	$3K	5x	as long as short
Deribit ICP_USDC-PERPETUAL	0.0000%	1h	2.9713	−0.084%	$193	$439	50x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0002%	1h	2.9712	−0.088%	$10K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	−0.245%	$202	$200K	12x	as long as short
Lighter ICPlong	+0.0096%	1h	2.9738	long leg	$139K	$496K	5x
Aster ICPUSDT	+0.0100%	8h	2.9730	−0.027%	$282K	$1.0M	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9663	−0.252%	$134K	$9K	5x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ICPUSDT	+0.0100%	8h	2.9725	−0.043%	$29.2M	$48.4M	75x	as long as short
Bybit ICPUSDT	+0.0100%	8h	2.9690	−0.161%	$17.3M	$17.8M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9710	−0.094%	$5.8M	$15.1M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9710	−0.094%	$1.9M	$2.9M	50x	as long as short
MEXC ICP_USDTshort	+0.0100%	8h	2.9720	−0.061%	$19.1M	$10.0M	50x
KuCoin ICPUSDTM	+0.0100%	8h	2.9710	−0.094%	$4.9M	$11.8M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9730	−0.027%	$7.0M	$4.6M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9700	−0.128%	—	$5.7M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9683	−0.186%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9677	−0.204%	$564K	$558K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9680	−0.195%	$2K	$1.5M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9680	−0.195%	$104K	$112K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9701	−0.123%	$22K	$117K	10x	as long as short
Hyperliquid ICP	+0.0120%	1h	2.9756	+0.061%	$4.6M	$4.6M	5x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9720	−0.061%	$1.3M	$2.4M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0320%	1h	2.9730	−0.027%	$58K	$69K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0457% / S −0.0403%	1h	2.9718	−0.068%	$33K	—	100x	as long as short