ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter−0.071%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$550.551% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.071%, 7d avg −0.069%

Together, before fees+0.048%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ICP	2.9431	0.0096	pay 0.0012% / 1h	11m 21s	$134K	$454K	5x
Short	OKX ICP-USDT-SWAP	2.9410	0.0100	get 0.0100% / 8h	4h 11m	$5.7M	$12.6M	50x

Funding history

latest

Range statsloading…

OKX 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 OKXbpOrdersPrice spread, now −0.071%Rate

Slippage from Lighter: live order book, 21 min ago; OKX: live order book, 5 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, 21 min ago	3.39 bp	12.1 bp −$12	32.0 bp −$320	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.70 bp	10.6 bp −$11	27.3 bp −$273	doesn't fit	doesn't fit

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	−0.0277%	8h	2.9400	−0.105%	$1.7M	$704K	50x	as long as short
Variational Omni ICP	−0.0100%	8h	2.9427	−0.015%	$1.1M	$194K	—	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0056%	1h	2.9426	−0.017%	$191	$439	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9426	−0.017%	$68K	$2K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0004%	1h	2.9420	−0.037%	$6K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+0.795%	$202	$200K	12x	as long as short
Lighter ICPlong	+0.0096%	1h	2.9431	long leg	$134K	$454K	5x
Aster ICPUSDT	+0.0100%	8h	2.9422	−0.031%	$247K	$894K	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9432	+0.002%	$133K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9420	−0.037%	$28.3M	$47.2M	75x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ICPUSDT	+0.0100%	8h	2.9420	−0.037%	$17.2M	$17.0M	75x	as long as short
OKX ICP-USDT-SWAPshort	+0.0100%	8h	2.9410	−0.071%	$5.7M	$12.6M	50x
Gate ICP_USDT	+0.0100%	8h	2.9410	−0.071%	$1.9M	$2.6M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9420	−0.037%	$18.3M	$9.4M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9420	−0.037%	$4.9M	$10.5M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9420	−0.037%	$7.0M	$4.4M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9410	−0.071%	—	$5.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9419	−0.040%	$23K	$278K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9431	0.000%	$566K	$676K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9430	−0.003%	$2K	$1.3M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9380	−0.173%	$103K	$128K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9409	−0.074%	$23K	$241K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0142%	1h	2.9462	+0.104%	$509K	$595K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9410	−0.071%	$1.2M	$2.0M	75x	as long as short
GMX ICP/USD [WBTC.b-USDC]	L +0.0425% / S −0.0357%	1h	2.9417	−0.046%	$30K	—	100x	as long as short
Coinbase International ICP-PERP-INTX	+0.0440%	1h	2.9580	+0.506%	$58K	$63K	50x	as long as short
Hyperliquid ICP	+0.0460%	1h	2.9473	+0.143%	$4.6M	$4.2M	5x	as long as short