Funding you earn now, next payment 07:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.021%
Price spread now: Lighter against BloFin+0.224%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days−0.359%−$36 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.224%, 7d avg +0.041%
=Together, before fees−0.481%+ Points / potential airdropLighter: Season 3 · farm board−$48 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.183% dearer against BloFin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.041%): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ICP-USDT | 2.9410 | 0.0220 | pay 0.0220% / 8h | 1h 45m | $1.2M | $2.4M | 75x |
| Short | Lighter ICP | 2.9476 | 0.0096 | get 0.0012% / 1h | 45m 16s | $139K | $495K | 5x |
BloFin ICP-USDT
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$26.04
- Price spread: +0.224% → +0.041%
- $18.32
- Slippage, 4 orders
- −$56.07
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$75.79
- Costs to cover
- 0.681%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Lighter: live order book, 55 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 BloFin live order book, 3 min ago | 5.09 bp | 17.3 bp −$17 | 23.0 bp −$230 | 75.1 bp −$7,511 | doesn't fit |
| Sell Lighter live order book, 55 min ago | 2.06 bp | 18.7 bp −$19 | 41.7 bp −$417 | 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 | −0.0314% | 1h | 2.9496 | +0.294% | $523K | $663K | 50x | as long as short |
| Phemex ICPUSDT | −0.0107% | 8h | 2.9470 | +0.204% | $1.8M | $677K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9415 | +0.016% | $68K | $3K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9469 | +0.201% | $192 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9470 | +0.204% | $10K | — | 150x | as long as short |
| Variational Omni ICP | +0.0029% | 8h | 2.9370 | −0.136% | $1.0M | $133K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.867% | $202 | $200K | 12x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9476 | +0.224% | $139K | $495K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9489 | +0.269% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9469 | +0.199% | $262K | $1.1M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Variational Omni ICP
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 | 2.9409 | −0.002% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9465 | +0.188% | $28.8M | $48.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9450 | +0.136% | $17.2M | $18.0M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9460 | +0.170% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9460 | +0.170% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9450 | +0.136% | $18.8M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9450 | +0.136% | $4.8M | $12.1M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9480 | +0.238% | $7.0M | $4.7M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9450 | +0.136% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9434 | +0.082% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9429 | +0.063% | $562K | $537K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9460 | +0.170% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9440 | +0.102% | $103K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9462 | +0.176% | $23K | $127K | 10x | as long as short |
| BloFin ICP-USDTlong | +0.0220% | 8h | 2.9410 | long leg | $1.2M | $2.4M | 75x | |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9440 | +0.102% | $57K | $70K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0410% / S −0.0331% | 1h | 2.9473 | +0.213% | $29K | — | 100x | as long as short |
Pacifica ICP
Binance ICPUSDT
Bybit ICPUSDT
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
Extended ICP-USD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]