Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%
Price spread now: Lighter against OKX+0.105%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.105%, 7d avg +0.071%
=Together, before fees−0.080%+ Points / potential airdropLighter: Season 3 · farm board−$8 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 0.034% dearer against OKX than usual: you sell high and buy low, +$3 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 | OKX ICP-USDT-SWAP | 2.9540 | 0.0100 | pay 0.0100% / 8h | 1h 22m | $5.7M | $15.0M | 50x |
| Short | Lighter ICP | 2.9571 | 0.0096 | get 0.0012% / 1h | 22m 43s | $139K | $495K | 5x |
OKX ICP-USDT-SWAP
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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: +0.105% → +0.071%
- $3.44
- Slippage, 4 orders
- −$48.48
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$55.88
- Costs to cover
- 0.585%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 12 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 OKX live order book, 1 min ago | 1.69 bp | 12.1 bp −$12 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 7.68 bp | 17.1 bp −$17 | 38.4 bp −$384 | 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 | −0.0313% | 1h | 2.9566 | +0.087% | $524K | $648K | 50x | as long as short |
| Phemex ICPUSDT | −0.0072% | 8h | 2.9530 | −0.034% | $1.8M | $676K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9532 | −0.025% | $69K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9543 | +0.010% | $192 | $439 | 50x | as long as short |
| Variational Omni ICP | +0.0001% | 8h | 2.9475 | −0.221% | $1.0M | $133K | — | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9533 | −0.023% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.423% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9571 | +0.105% | $139K | $495K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9602 | +0.210% | $4.6M | $4.7M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9571 | +0.104% | $273K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICP | +0.0100% | 1h | 2.9574 | +0.117% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9561 | +0.070% | $28.9M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9530 | −0.034% | $17.2M | $17.9M | 75x | as long as short |
| OKX ICP-USDT-SWAPlong | +0.0100% | 8h | 2.9540 | long leg | $5.7M | $15.0M | 50x | |
| Gate ICP_USDT | +0.0100% | 8h | 2.9550 | +0.034% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9560 | +0.068% | $19.0M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9560 | +0.068% | $4.9M | $12.0M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9580 | +0.135% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9550 | +0.034% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9406 | −0.454% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9430 | −0.373% | $567K | $550K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9490 | −0.169% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.237% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9553 | +0.044% | $22K | $117K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9520 | −0.068% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9550 | +0.034% | $57K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9527 | −0.044% | $33K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]