Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.018%
Price spread now: Lighter against OKX+0.157%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.157%, 7d avg +0.068%
=Together, before fees−0.108%+ Points / potential airdropLighter: Season 3 · farm board−$11 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 0.089% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.068%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ICP-USDT-SWAP | 2.9910 | 0.0100 | pay 0.0100% / 8h | 1h 33m | $5.9M | $16.0M | 50x |
| Short | Lighter ICP | 2.9957 | 0.0096 | get 0.0012% / 1h | 33m 13s | $166K | $443K | 5x |
OKX ICP-USDT-SWAP
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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: +0.157% → +0.068%
- $8.9
- Slippage, 4 orders
- −$29.86
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$31.79
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago | 1.67 bp | 10.8 bp −$11 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| 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 | −0.401% | $1.7M | $775K | 50x | as long as short |
| Variational Omni ICP | −0.0182% | 8h | 2.9972 | +0.206% | $1.1M | $121K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −0.819% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0093% | 8h | 2.9930 | +0.067% | $1.9M | $2.8M | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0017% | 1h | 2.9934 | +0.080% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9961 | +0.171% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9946 | +0.120% | $27K | — | 150x | as long as short |
| Bybit ICPUSDT | +0.0090% | 8h | 2.9920 | +0.033% | $17.4M | $17.9M | 75x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9957 | +0.157% | $166K | $443K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9973 | +0.210% | $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 | 2.9971 | +0.204% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9933 | +0.078% | $29.8M | $49.8M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 2.9910 | long leg | $5.9M | $16.0M | 50x | |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9960 | +0.167% | $19.0M | $8.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9960 | +0.167% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9960 | +0.167% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9950 | +0.134% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9966 | +0.188% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9955 | +0.149% | $573K | $469K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9930 | +0.067% | $2K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9930 | +0.067% | $106K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9937 | +0.089% | $25K | $124K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9950 | +0.134% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9959 | +0.164% | $488K | $526K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 2.9980 | +0.234% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9937 | +0.089% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0669% | 1h | 3.0000 | +0.301% | $4.8M | $5.0M | 5x | as long as short |
Pacifica ICP
Binance ICPUSDT
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
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP