Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Extended against Lighter−0.190%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.190%, 7d avg −0.071%
=Together, before fees+0.193%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$19 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: Extended is 0.119% cheaper against Lighter than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 3.0540 | 0.0096 | pay 0.0012% / 1h | 25m 25s | $174K | $480K | 5x |
| Short | Extended ICP-USD | 3.0482 | 0.0104 | get 0.0013% / 1h | 25m 25s | $23K | $143K | 10x |
Lighter ICP
Extended ICP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.190% → −0.071%
- −$11.92
- Slippage, 4 orders
- −$35.95
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$51.19
- Costs to cover
- 0.410%
- Break-even
- 220.3 days
Slippage from Lighter: live order book, 40 min ago; Extended: live order book, 45 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, 40 min ago | 0.99 bp | 12.2 bp −$12 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell Extended live order book, 45 min ago | 3.98 bp | 12.8 bp −$13 | 78.5 bp −$785 | 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 | −0.0176% | 1h | 3.0518 | −0.072% | $272 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0121% | 1h | 3.0568 | +0.092% | $558K | $598K | 50x | as long as short |
| Variational Omni ICP | −0.0061% | 8h | 3.0500 | −0.131% | $1.1M | $110K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0510 | −0.100% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0524 | −0.053% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.865% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 3.0540 | long leg | $174K | $480K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0520 | −0.065% | $337K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0503 | −0.121% | $138K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0500 | −0.131% | $30.5M | $52.6M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0490 | −0.164% | $18.1M | $18.6M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0490 | −0.164% | $6.2M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0510 | −0.098% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0500 | −0.131% | $19.6M | $9.6M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0490 | −0.164% | $5.1M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0520 | −0.065% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0500 | −0.131% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0447 | −0.305% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0454 | −0.281% | $578K | $475K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0510 | −0.098% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.393% | $106K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0560 | +0.065% | $1.8M | $777K | 50x | as long as short |
| Extended ICP-USDshort | +0.0104% | 1h | 3.0482 | −0.190% | $23K | $143K | 10x | |
| Hyperliquid ICP | +0.0168% | 1h | 3.0547 | +0.023% | $4.8M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0430 | −0.360% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0480 | −0.196% | $63K | $65K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0511% / S −0.0480% | 1h | 3.0528 | −0.039% | $38K | — | 100x | as long as short |
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
Phemex ICPUSDT
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]