Funding you earn now, next payment 04:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.274%
Price spread now: Phemex against Lighter−0.195%7-day average −0.182% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.322%−$232 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.195%, 7d avg −0.182%
=Together, before fees−2.440%+ Points / potential airdropLighter: Season 3 · farm board−$244 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.182%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9678 | 0.0096 | pay 0.0012% / 1h | 25m 23s | $157K | $487K | 5x |
| Short | Phemex ICPUSDT | 2.9620 | 0.0073 | get 0.0073% / 8h | 4h 25m | $1.8M | $791K | 50x |
Lighter ICP
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$4.82
- Price spread: −0.195% → −0.182%
- −$1.32
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$18.14
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 25 min ago; Phemex: live order book, 3 min ago. Net counts fees only.
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, 25 min ago | 0.68 bp | 17.4 bp −$17 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.38 bp | doesn't fit | doesn't fit | 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 | 2.9665 | −0.044% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9667 | −0.037% | $264 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9671 | −0.023% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.044% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDTshort | +0.0073% | 8h | 2.9620 | −0.195% | $1.8M | $791K | 50x | |
| Variational Omni ICP | +0.0094% | 8h | 2.9615 | −0.214% | $1.1M | $116K | — | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9678 | long leg | $157K | $487K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9673 | −0.016% | $270K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9657 | −0.070% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9677 | −0.002% | $29.1M | $50.8M | 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 ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9660 | −0.061% | $17.2M | $18.3M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9660 | −0.061% | $5.7M | $16.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9670 | −0.027% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | +0.007% | $19.9M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9680 | +0.007% | $4.8M | $12.7M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9680 | +0.007% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9660 | −0.061% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9646 | −0.107% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9665 | −0.045% | $565K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9670 | −0.027% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9630 | −0.162% | $104K | $151K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9669 | −0.032% | $23K | $130K | 10x | as long as short |
| Hyperliquid ICP | +0.0186% | 1h | 2.9706 | +0.094% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9660 | −0.061% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.478% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0536% / S −0.0528% | 1h | 2.9666 | −0.040% | $39K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0568% | 1h | 2.9693 | +0.049% | $521K | $601K | 50x | 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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD