Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Bitget+0.056%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.521% of the position
Funding, last 7 days−0.139%−$14 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.056%, 7d avg +0.022%
=Together, before fees−0.050%+ Points / potential airdropLighter: Season 3 · farm board−$5 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 0.034% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ICPUSDT | 3.0120 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $7.1M | $4.9M | 50x |
| Short | Lighter ICP | 3.0137 | 0.0096 | get 0.0012% / 1h | 48m 00s | $166K | $488K | 5x |
Bitget ICPUSDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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: +0.056% → +0.022%
- $3.41
- Slippage, 4 orders
- −$40.12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.55
- Costs to cover
- 0.521%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 12 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 Bitget live order book, 5 min ago | 3.32 bp | 17.4 bp −$17 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 2.15 bp | 3.9 bp −$4 | 30.8 bp −$308 | 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 | −0.0082% | 1h | 3.0100 | −0.066% | $268 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0025% | 8h | 3.0040 | −0.264% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0162 | +0.140% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0102 | −0.058% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.511% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0137 | +0.056% | $166K | $488K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0126 | +0.018% | $310K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0156 | +0.120% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0120 | 0.000% | $30.0M | $54.1M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0100 | −0.066% | $17.8M | $19.0M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
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 | 3.0100 | −0.066% | $5.9M | $17.3M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0120 | 0.000% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0100 | −0.066% | $19.2M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0080 | −0.133% | $5.0M | $13.5M | 50x | as long as short |
| Bitget ICPUSDTlong | +0.0100% | 8h | 3.0120 | long leg | $7.1M | $4.9M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 3.0120 | 0.000% | — | $6.1M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0017 | −0.342% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0048 | −0.240% | $571K | $477K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0140 | +0.066% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0080 | −0.133% | $105K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0170 | +0.166% | $1.8M | $788K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0103 | −0.057% | $22K | $128K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0060 | −0.199% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0190 | +0.232% | $61K | $69K | 50x | as long as short |
| Hyperliquid ICP | +0.0470% | 1h | 3.0166 | +0.153% | $4.8M | $5.1M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0509% / S −0.0480% | 1h | 3.0096 | −0.078% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0891% | 1h | 3.0133 | +0.043% | $546K | $620K | 50x | as long as short |
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD