Funding you earn now, next payment 07:00 UTC−0.0280%/8h= −30.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.037%
Price spread now: Lighter against Coinbase International−0.867%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.498%−$50 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.867% cheaper against Coinbase International than usual: you would sell low and buy high (−$87 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ICP-PERP-INTX | 2.9750 | 0.0376 | pay 0.0047% / 1h | 13m 47s | $58K | $69K | 50x |
| Short | Lighter ICP | 2.9492 | 0.0096 | get 0.0012% / 1h | 13m 47s | $138K | $489K | 5x |
Coinbase International ICP-PERP-INTX
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$58.8
- Price spread: −0.867% → 0.000%
- −$86.72
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$155.52
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Lighter: live order book, 16 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 16 min ago | 1.69 bp | 16.4 bp −$16 | 38.0 bp −$380 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0259% | 8h | 2.9460 | −0.975% | $1.8M | $686K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0211% | 1h | 2.9512 | −0.801% | $522K | $661K | 50x | as long as short |
| Variational Omni ICP | −0.0152% | 8h | 2.9460 | −0.973% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9516 | −0.786% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9486 | −0.887% | $192 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9494 | −0.859% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.286% | $202 | $200K | 12x | as long as short |
| Bybit ICPUSDT | +0.0057% | 8h | 2.9460 | −0.975% | $17.0M | $17.9M | 75x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9492 | −0.867% | $138K | $489K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9505 | −0.824% | $4.5M | $4.6M | 5x | as long as short |
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Bybit ICPUSDT
Hyperliquid ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ICPUSDT | +0.0100% | 8h | 2.9497 | −0.851% | $271K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9502 | −0.834% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9489 | −0.878% | $28.8M | $47.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9470 | −0.941% | $5.7M | $14.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9480 | −0.908% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9510 | −0.807% | $19.2M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9500 | −0.840% | $4.9M | $11.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9500 | −0.840% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.840% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9485 | −0.892% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9489 | −0.878% | $560K | $576K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.941% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9440 | −1.042% | $103K | $115K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9502 | −0.834% | $26K | $238K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9460 | −0.975% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTXlong | +0.0376% | 1h | 2.9750 | long leg | $58K | $69K | 50x | |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9472 | −0.933% | $32K | — | 100x | as long as short |
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
GMX ICP/USD [WBTC.b-USDC]