Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against SunX+0.185%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1681.682% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.185%, 7d avg +0.062%
=Together, before fees−0.299%+ Points / potential airdropLighter: Season 3 · farm board−$30 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 0.123% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX ICP-USDT | 2.9680 | 0.0100 | pay 0.0100% / 8h | 4h 01m | $1K | $1.6M | 20x |
| Short | Lighter ICP | 2.9735 | 0.0096 | get 0.0012% / 1h | 1m 12s | $158K | $487K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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: +0.185% → +0.062%
- $12.33
- Slippage, 4 orders
- −$160.2
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$156.71
- Costs to cover
- 1.682%
- Break-even
- never at this rate
Slippage from SunX: live order book, 4 min ago; Lighter: live order book, 49 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 SunX live order book, 4 min ago | 48.98 bp | 74.1 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 49 min ago | 0.68 bp | 2.0 bp −$2 | 27.9 bp −$279 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0288% | 1h | 2.9697 | +0.057% | $265 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0042% | 8h | 2.9680 | 0.000% | $1.8M | $791K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9719 | +0.133% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9712 | +0.107% | $22K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.051% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0084% | 8h | 2.9700 | +0.067% | $1.1M | $116K | — | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9735 | +0.185% | $158K | $487K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9739 | +0.199% | $4.6M | $4.9M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9717 | +0.126% | $264K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9712 | +0.107% | $135K | $10K | 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 | 2.9700 | +0.067% | $29.2M | $50.5M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9700 | +0.067% | $17.2M | $18.2M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9710 | +0.101% | $5.7M | $15.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9710 | +0.101% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9700 | +0.067% | $19.7M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9720 | +0.135% | $4.9M | $12.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9720 | +0.135% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9710 | +0.101% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9658 | −0.074% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9667 | −0.043% | $570K | $458K | 10x | as long as short |
| SunX ICP-USDTlong | +0.0100% | 8h | 2.9680 | long leg | $1K | $1.6M | 20x | |
| HTX ICP-USDT | +0.0100% | 8h | 2.9640 | −0.135% | $104K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9687 | +0.022% | $23K | $126K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9710 | +0.101% | $1.3M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9750 | +0.236% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0435% / S −0.0367% | 1h | 2.9707 | +0.092% | $31K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0567% | 1h | 2.9740 | +0.202% | $534K | $617K | 50x | as long as short |
SunX ICP-USDT
Lighter ICP
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
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
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD