Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against BingX+0.024%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.024%, 7d avg +0.053%
=Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 0.030% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ICP-USDT | 2.9660 | 0.0100 | pay 0.0100% / 8h | 1h 04m | — | $5.7M | — |
| Short | Lighter ICP | 2.9667 | 0.0096 | get 0.0012% / 1h | 4m 56s | $139K | $496K | 5x |
BingX ICP-USDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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: +0.024% → +0.053%
- −$2.95
- Slippage, 4 orders
- −$39.78
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$53.58
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; Lighter: live order book, 30 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 BingX live order book, 15 min ago | 1.69 bp | 7.4 bp −$7 | 13.4 bp −$134 | 43.6 bp −$4,365 | 445.0 bp −$222.5K |
| Sell Lighter live order book, 30 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 | −0.0312% | 1h | 2.9688 | +0.094% | $525K | $651K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0222% | 1h | 2.9652 | −0.027% | $193 | $439 | 50x | as long as short |
| Phemex ICPUSDT | −0.0194% | 8h | 2.9570 | −0.303% | $1.8M | $681K | 50x | as long as short |
| Variational Omni ICP | −0.0037% | 8h | 2.9670 | +0.033% | $1.1M | $133K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9714 | +0.183% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9676 | +0.053% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.017% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9667 | +0.024% | $139K | $496K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9684 | +0.081% | $281K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9688 | +0.096% | $134K | $9K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 2.9640 | −0.067% | $29.1M | $48.4M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9620 | −0.135% | $17.3M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9640 | −0.067% | $5.8M | $15.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9660 | 0.000% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9650 | −0.034% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9660 | 0.000% | $4.9M | $11.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9680 | +0.067% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDTlong | +0.0100% | 8h | 2.9660 | long leg | — | $5.7M | — | |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9683 | +0.077% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9677 | +0.058% | $564K | $558K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9670 | +0.034% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9650 | −0.034% | $104K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9642 | −0.062% | $22K | $117K | 10x | as long as short |
| Hyperliquid ICP | +0.0119% | 1h | 2.9700 | +0.135% | $4.6M | $4.6M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9680 | +0.067% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9750 | +0.303% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0457% / S −0.0403% | 1h | 2.9667 | +0.025% | $33K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
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]