Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: BingX against Lighter−0.147%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$340.342% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.147%, 7d avg −0.048%
=Together, before fees+0.163%+ Points / potential airdropLighter: Season 3 · farm board+$16 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: BingX is 0.099% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9984 | 0.0096 | pay 0.0012% / 1h | 7m 52s | $159K | $452K | 5x |
| Short | BingX ICP-USDT | 2.9940 | 0.0100 | get 0.0100% / 8h | 1h 07m | — | $4.9M | — |
Lighter ICP
BingX ICP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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: −0.147% → −0.048%
- −$9.86
- Slippage, 4 orders
- −$24.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$43.25
- Costs to cover
- 0.342%
- Break-even
- 367.4 days
Slippage from Lighter: live order book, 2 min ago; BingX: live order book, 7 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 Lighter live order book, 2 min ago | 0.50 bp | 16.1 bp −$16 | 41.7 bp −$417 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 1.67 bp | 7.8 bp −$8 | 12.6 bp −$126 | 42.0 bp −$4,200 | 457.5 bp −$228.8K |
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 | −0.1467% | 8h | 2.9800 | −0.614% | $1.7M | $769K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0217% | 1h | 2.9956 | −0.093% | $267 | $464 | 50x | as long as short |
| Variational Omni ICP | −0.0154% | 8h | 2.9931 | −0.177% | $1.1M | $107K | — | as long as short |
| Injective ICP/USDC PERP | −0.0152% | 1h | 2.9665 | −1.064% | $202 | $200K | 12x | as long as short |
| Gate ICP_USDT | −0.0048% | 8h | 2.9940 | −0.147% | $1.9M | $2.8M | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9986 | +0.006% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 2.9964 | −0.066% | $27K | — | 150x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9984 | long leg | $159K | $452K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9969 | −0.050% | $209K | $1.4M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9992 | +0.026% | $136K | $11K | 5x | as long as short |
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
Injective ICP/USDC PERP
Gate ICP_USDT
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 | 2.9950 | −0.113% | $29.6M | $50.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9930 | −0.180% | $17.4M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9920 | −0.213% | $5.9M | $16.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9950 | −0.113% | $19.6M | $8.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9930 | −0.180% | $5.1M | $13.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9940 | −0.147% | $6.8M | $4.5M | 50x | as long as short |
| BingX ICP-USDTshort | +0.0100% | 8h | 2.9940 | −0.147% | — | $4.9M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9950 | −0.112% | $23K | $277K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9941 | −0.145% | $573K | $435K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9950 | −0.113% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9900 | −0.280% | $106K | $220K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9935 | −0.163% | $25K | $118K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9950 | −0.113% | $1.2M | $2.3M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0223% | 1h | 2.9976 | −0.028% | $486K | $528K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0240% | 1h | 3.0030 | +0.153% | $63K | $91K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0506% / S −0.0480% | 1h | 2.9963 | −0.072% | $37K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0666% | 1h | 3.0009 | +0.083% | $4.7M | $5.0M | 5x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP