Funding you earn now, next payment 23:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h +0.090%
Price spread now: Lighter against Kraken Futures+0.010%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$830.829% of the position
Funding, last 7 days+0.281%+$28 on $10k
+Price spread, last 3 days (all we have)+0.168%+$17 · spread now +0.010%, 7d avg −0.023%
=Together, before fees+0.450%+ Points / potential airdropLighter: Season 3 · farm board+$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.033% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.281%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ICPUSD | 3.0005 | 0.0223 | pay 0.0028% / 1h | 24m 04s | $487K | $528K | 50x |
| Short | Lighter ICP | 3.0008 | 0.0096 | get 0.0012% / 1h | 24m 04s | $166K | $443K | 5x |
Kraken Futures PF_ICPUSD
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$26.64
- Price spread: +0.010% → −0.023%
- $3.31
- Slippage, 4 orders
- −$72.95
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.27
- Costs to cover
- 0.829%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 59 min ago; Lighter: live order book, 51 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 Kraken Futures live order book, 59 min ago | 8.36 bp | 41.6 bp −$42 | 125.0 bp −$1,250 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 51 min ago | 0.67 bp | 3.6 bp −$4 | 26.5 bp −$265 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.1407% | 8h | 2.9810 | −0.649% | $1.7M | $774K | 50x | as long as short |
| Variational Omni ICP | −0.0177% | 8h | 2.9941 | −0.212% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.133% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0071% | 8h | 2.9960 | −0.150% | $1.9M | $2.8M | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0050% | 1h | 2.9977 | −0.093% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9997 | −0.026% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9990 | −0.050% | $27K | — | 150x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0008 | +0.010% | $166K | $443K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0011 | +0.019% | $201K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9994 | −0.037% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 2.9980 | −0.083% | $29.9M | $50.2M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9970 | −0.116% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9970 | −0.116% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9980 | −0.083% | $19.1M | $8.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9980 | −0.083% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9980 | −0.083% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9980 | −0.083% | — | $4.9M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9937 | −0.225% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9961 | −0.147% | $574K | $480K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9970 | −0.116% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9970 | −0.116% | $107K | $219K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9983 | −0.073% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9930 | −0.250% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSDlong | +0.0223% | 1h | 3.0005 | long leg | $487K | $528K | 50x | |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.084% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0505% / S −0.0480% | 1h | 2.9986 | −0.064% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0672% | 1h | 3.0029 | +0.080% | $4.8M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
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]
Hyperliquid ICP