Funding you earn now, next payment 09:00 UTC+0.0286%/8h= +31.3% APRnext payment +$0.36 per $10,000 · paid last 24h +0.107%
Price spread now: Lighter against Deribit+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.034% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ICP_USDC-PERPETUAL | 2.9548 | −0.0190 | get 0.0024% / 1h | 42m 36s | $192 | $439 | 50x |
| Short | Lighter ICP | 2.9558 | 0.0096 | get 0.0012% / 1h | 42m 36s | $137K | $486K | 5x |
Deribit ICP_USDC-PERPETUAL
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $60.06
- Price spread: +0.034% → 0.000%
- $3.38
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $56.44
- Costs to cover
- 0.070%
- Break-even
- 0.4 days
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 47 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 47 min ago | 1.69 bp | 16.4 bp −$16 | 38.0 bp −$380 | doesn't fit | doesn't fit |
Deribit: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0339% | 1h | 2.9591 | +0.145% | $524K | $654K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUALlong | −0.0190% | 1h | 2.9548 | long leg | $192 | $439 | 50x | |
| Phemex ICPUSDT | −0.0154% | 8h | 2.9530 | −0.061% | $1.8M | $687K | 50x | as long as short |
| Variational Omni ICP | −0.0146% | 8h | 2.9600 | +0.176% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9550 | +0.008% | $69K | $1K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9563 | +0.051% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.396% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9558 | +0.034% | $137K | $486K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9589 | +0.139% | $4.5M | $4.6M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9576 | +0.094% | $278K | $1.0M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9561 | +0.043% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9535 | −0.045% | $28.8M | $48.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9510 | −0.129% | $17.1M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9530 | −0.061% | $5.7M | $14.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9530 | −0.061% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9540 | −0.027% | $19.4M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9550 | +0.007% | $4.9M | $11.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9560 | +0.041% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9530 | −0.061% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9620 | +0.242% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9618 | +0.238% | $575K | $577K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9540 | −0.027% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9550 | +0.007% | $103K | $115K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9533 | −0.052% | $22K | $239K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9570 | +0.074% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.684% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9560 | +0.040% | $33K | — | 100x | as long as short |
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
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]