Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.007%
Price spread now: Lighter against Binance−0.032%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$430.433% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.032%, 7d avg +0.039%
=Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 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 0.071% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.039%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ICPUSDT | 3.0095 | 0.0100 | pay 0.0100% / 8h | 6h 43m | $29.9M | $54.0M | 75x |
| Short | Lighter ICP | 3.0085 | 0.0096 | get 0.0012% / 1h | 43m 45s | $165K | $489K | 5x |
Binance ICPUSDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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: −0.032% → +0.039%
- −$7.06
- Slippage, 4 orders
- −$33.26
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.17
- Costs to cover
- 0.433%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 16 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 Binance live order book, 13 min ago | 1.66 bp | 9.5 bp −$10 | 24.6 bp −$246 | 317.3 bp −$31.7K | doesn't fit |
| Sell Lighter live order book, 16 min ago | 2.15 bp | 3.9 bp −$4 | 30.8 bp −$308 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ICP | −0.0022% | 8h | 3.0040 | −0.180% | $1.1M | $118K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0006 | −0.294% | $70K | $4K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 3.0050 | −0.148% | $268 | $464 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0013 | −0.272% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −1.427% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 3.0085 | −0.032% | $165K | $489K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0064 | −0.100% | $299K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0010 | −0.282% | $136K | $11K | 5x | as long as short |
| Binance ICPUSDTlong | +0.0100% | 8h | 3.0095 | long leg | $29.9M | $54.0M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0090 | −0.015% | $17.8M | $19.0M | 75x | as long as short |
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Bybit ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0070 | −0.082% | $5.9M | $17.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0090 | −0.015% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0090 | −0.015% | $18.9M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0070 | −0.082% | $5.0M | $13.5M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0090 | −0.015% | $7.1M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0070 | −0.082% | — | $6.1M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0059 | −0.119% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0126 | +0.105% | $572K | $477K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9990 | −0.347% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0010 | −0.281% | $105K | $240K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0090 | −0.015% | $1.8M | $794K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0091 | −0.011% | $22K | $131K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0060 | −0.115% | $1.3M | $2.3M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0256% | 1h | 3.0080 | −0.048% | $65K | $75K | 50x | as long as short |
| Hyperliquid ICP | +0.0415% | 1h | 3.0131 | +0.123% | $4.8M | $5.1M | 5x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 3.0009 | −0.283% | $37K | — | 100x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0893% | 1h | 3.0081 | −0.043% | $545K | $617K | 50x | as long as short |
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
Extended ICP-USD
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
Hyperliquid ICP
GMX ICP/USD [WBTC.b-USDC]
Kraken Futures PF_ICPUSD