Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.065%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.065%, 7d avg −0.009%
=Together, before fees+0.044%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: KuCoin is 0.057% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9179 | 0.0096 | pay 0.0012% / 1h | 24m 48s | $141K | $493K | 5x |
| Short | KuCoin ICPUSDTM | 2.9160 | 0.0100 | get 0.0100% / 8h | 2h 24m | $4.8M | $12.3M | 50x |
Lighter ICP
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.065% → −0.009%
- −$5.65
- Slippage, 4 orders
- −$85.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$102.53
- Costs to cover
- 0.977%
- Break-even
- 861.5 days
Slippage from Lighter: live order book, 15 min ago; KuCoin: live order book, 4 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, 15 min ago | 2.06 bp | 18.4 bp −$18 | 39.7 bp −$397 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.72 bp | 35.1 bp −$35 | 76.7 bp −$767 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0069% | 1h | 2.9182 | +0.009% | $482K | $642K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9160 | −0.066% | $68K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9181 | +0.007% | $190 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9192 | +0.045% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.666% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0050% | 8h | 2.9050 | −0.441% | $1.0M | $133K | — | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9179 | long leg | $141K | $493K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9196 | +0.058% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9167 | −0.041% | $261K | $1.3M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9168 | −0.038% | $132K | $9K | 5x | as long as short |
Kraken Futures PF_ICPUSD
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Hyperliquid ICP
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 | 2.9168 | −0.037% | $28.6M | $48.8M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9150 | −0.099% | $17.0M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9170 | −0.031% | $5.6M | $14.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9130 | −0.168% | $1.8M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9180 | +0.003% | $17.9M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9160 | −0.065% | $4.8M | $12.3M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9180 | +0.003% | $6.9M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9180 | +0.003% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9072 | −0.367% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9144 | −0.119% | $553K | $495K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9180 | +0.003% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9120 | −0.202% | $102K | $117K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9150 | −0.099% | $1.7M | $684K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9137 | −0.143% | $23K | $134K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9050 | −0.442% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9260 | +0.278% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0431% / S −0.0367% | 1h | 2.9193 | +0.049% | $30K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]