Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.083%
Price spread now: Lighter against Variational Omni−0.004%7-day average +0.113% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)−0.501%−$50 · spread now −0.004%, 7d avg +0.113%
=Together, before fees−0.324%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.117% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.113%). If the spread goes back, that is −$12 on $10k: about 23 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.177% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ICP | 2.9894 | 0.0079 | pay 0.0079% / 8h | 5h 15m | $1.1M | $116K | — |
| Short | Lighter ICP | 2.9893 | 0.0096 | get 0.0012% / 1h | 15m 42s | $160K | $485K | 5x |
Variational Omni ICP
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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
- $3.6
- Price spread: −0.004% → +0.113%
- −$11.73
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$8.13
- Costs to cover
- 0.000%
- Break-even
- 22.8 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 39 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 Variational Omni RFQ quote, 3 min ago | 4.39 bp | doesn't fit | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 2.01 bp | 6.0 bp −$6 | 31.4 bp −$314 | 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 | −0.0118% | 1h | 2.9902 | +0.026% | $266 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9882 | −0.041% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9920 | +0.086% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.767% | $202 | $200K | 12x | as long as short |
| Variational Omni ICPlong | +0.0079% | 8h | 2.9894 | long leg | $1.1M | $116K | — | |
| Lighter ICPshort | +0.0096% | 1h | 2.9893 | −0.004% | $160K | $485K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9911 | +0.055% | $275K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9871 | −0.079% | $135K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9870 | −0.081% | $29.4M | $53.3M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9870 | −0.081% | $17.4M | $19.0M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9860 | −0.114% | $5.8M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9890 | −0.014% | $1.9M | $3.1M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9880 | −0.047% | $19.9M | $10.3M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9860 | −0.114% | $4.9M | $13.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9890 | −0.014% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9900 | +0.019% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9952 | +0.195% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9953 | +0.195% | $569K | $483K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9900 | +0.019% | $1K | $1.7M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9900 | +0.019% | $105K | $181K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9820 | −0.248% | $1.8M | $794K | 50x | as long as short |
| Hyperliquid ICP | +0.0102% | 1h | 2.9912 | +0.060% | $4.6M | $5.0M | 5x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9862 | −0.108% | $23K | $122K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9930 | +0.120% | $1.3M | $2.2M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0293% | 1h | 2.9944 | +0.168% | $527K | $641K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 3.0030 | +0.454% | $68K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0507% / S −0.0480% | 1h | 2.9909 | +0.048% | $37K | — | 100x | as long as short |
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
Phemex ICPUSDT
Hyperliquid ICP
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]