Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against MEXC+0.124%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.124%, 7d avg +0.040%
=Together, before fees−0.098%+ Points / potential airdropLighter: Season 3 · farm board−$10 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: Lighter is 0.083% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 2.9930 | 0.0100 | pay 0.0100% / 8h | 1h 32m | $19.0M | $8.6M | 50x |
| Short | Lighter ICP | 2.9967 | 0.0096 | get 0.0012% / 1h | 32m 34s | $166K | $443K | 5x |
MEXC ICP_USDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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: +0.124% → +0.040%
- $8.34
- Slippage, 4 orders
- −$24.18
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$16.68
- Costs to cover
- 0.242%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Lighter: live order book, 42 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 MEXC live order book, 1 min ago | 1.67 bp | 2.8 bp −$3 | 11.0 bp −$110 | 72.0 bp −$7,199 | 131.6 bp −$65.8K |
| Sell Lighter live order book, 42 min ago | 0.67 bp | 3.6 bp −$4 | 26.5 bp −$265 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1343% | 8h | 2.9790 | −0.468% | $1.7M | $775K | 50x | as long as short |
| Variational Omni ICP | −0.0182% | 8h | 2.9972 | +0.139% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.885% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0090% | 8h | 2.9910 | −0.067% | $1.9M | $2.8M | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0017% | 1h | 2.9934 | +0.013% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9961 | +0.104% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9946 | +0.053% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0092% | 8h | 2.9910 | −0.067% | $17.4M | $17.9M | 75x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9967 | +0.124% | $166K | $443K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9965 | +0.118% | $200K | $1.4M | 20x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Bybit ICPUSDT
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9938 | +0.026% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9930 | +0.001% | $29.8M | $49.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9900 | −0.100% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 2.9930 | long leg | $19.0M | $8.6M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9920 | −0.033% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9910 | −0.067% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9930 | 0.000% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9966 | +0.121% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9955 | +0.082% | $573K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9930 | 0.000% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | 0.000% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9924 | −0.019% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9950 | +0.067% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9959 | +0.097% | $488K | $526K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9980 | +0.167% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9937 | +0.022% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0669% | 1h | 2.9981 | +0.170% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
OKX ICP-USDT-SWAP
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP