Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against MEXC+0.172%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.172%, 7d avg +0.044%
=Together, before fees−0.096%+ Points / potential airdropLighter: Season 3 · farm board−$10 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: Lighter is 0.128% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ICP_USDT | 2.9650 | 0.0100 | pay 0.0100% / 8h | 4h 13m | $19.6M | $10.3M | 50x |
| Short | Lighter ICP | 2.9701 | 0.0096 | get 0.0012% / 1h | 13m 47s | $158K | $487K | 5x |
MEXC ICP_USDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against MEXC. 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: +0.172% → +0.044%
- $12.84
- Slippage, 4 orders
- −$27.23
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.23
- Costs to cover
- 0.272%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 36 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 MEXC live order book, 5 min ago | 1.69 bp | 3.7 bp −$4 | 11.1 bp −$111 | 68.7 bp −$6,875 | 146.3 bp −$73.2K |
| Sell Lighter live order book, 36 min ago | 0.68 bp | 2.0 bp −$2 | 27.9 bp −$279 | 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 | −0.0087% | 1h | 2.9656 | +0.020% | $264 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9636 | −0.046% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9657 | +0.024% | $22K | — | 150x | as long as short |
| Phemex ICPUSDT | +0.0014% | 8h | 2.9610 | −0.135% | $1.8M | $791K | 50x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.051% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0090% | 8h | 2.9620 | −0.102% | $1.1M | $116K | — | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9701 | +0.172% | $158K | $487K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9663 | +0.044% | $263K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9655 | +0.018% | $134K | $10K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9670 | +0.067% | $29.1M | $50.5M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Phemex ICPUSDT
Injective ICP/USDC PERP
Variational Omni ICP
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 | 2.9660 | +0.034% | $17.2M | $18.2M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9680 | +0.101% | $5.7M | $16.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9650 | 0.000% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDTlong | +0.0100% | 8h | 2.9650 | long leg | $19.6M | $10.3M | 50x | |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9650 | 0.000% | $4.8M | $12.6M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9690 | +0.135% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9660 | +0.034% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9627 | −0.079% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9634 | −0.054% | $564K | $459K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9650 | 0.000% | $2K | $1.6M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9580 | −0.236% | $103K | $137K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9652 | +0.006% | $23K | $126K | 10x | as long as short |
| Hyperliquid ICP | +0.0139% | 1h | 2.9712 | +0.209% | $4.6M | $4.9M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9610 | −0.135% | $1.2M | $2.2M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9820 | +0.573% | $67K | $61K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0434% / S −0.0367% | 1h | 2.9653 | +0.012% | $31K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0569% | 1h | 2.9677 | +0.091% | $521K | $601K | 50x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD