Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.007%
Price spread now: Binance against Lighter−0.151%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$420.420% of the position
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.151%, 7d avg −0.039%
=Together, before fees+0.211%+ Points / potential airdropLighter: Season 3 · farm board+$21 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: Binance is 0.112% cheaper against Lighter than usual: you would sell low and buy high, −$11 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 | Lighter ICP | 2.9895 | 0.0096 | pay 0.0012% / 1h | 57m 33s | $163K | $482K | 5x |
| Short | Binance ICPUSDT | 2.9850 | 0.0100 | get 0.0100% / 8h | 5h 57m | $29.4M | $53.1M | 75x |
Lighter ICP
Binance ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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: −0.151% → −0.039%
- −$11.15
- Slippage, 4 orders
- −$32.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$52.35
- Costs to cover
- 0.420%
- Break-even
- 443.3 days
Slippage from Lighter: live order book, 62 min ago; Binance: live order book, 15 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 Lighter live order book, 62 min ago | 2.15 bp | 17.4 bp −$17 | 45.5 bp −$455 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 1.66 bp | 11.8 bp −$12 | 20.7 bp −$207 | 191.1 bp −$19.1K | doesn't fit |
ICP on 26 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 | −0.0051% | 1h | 2.9909 | +0.047% | $267 | $464 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9872 | −0.077% | $70K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 2.9923 | +0.094% | $23K | — | 150x | as long as short |
| Variational Omni ICP | +0.0029% | 8h | 2.9930 | +0.116% | $1.1M | $116K | — | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.769% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0075% | 8h | 2.9930 | +0.117% | $1.8M | $797K | 50x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9895 | long leg | $163K | $482K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9898 | +0.010% | $4.6M | $5.0M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9891 | −0.013% | $285K | $1.7M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9880 | −0.051% | $135K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
Injective ICP/USDC PERP
Phemex ICPUSDT
Hyperliquid ICP
Aster ICPUSDT
Pacifica ICPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDTshort | +0.0100% | 8h | 2.9850 | −0.151% | $29.4M | $53.1M | 75x | |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9850 | −0.151% | $17.5M | $18.9M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9830 | −0.217% | $5.8M | $16.9M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9860 | −0.117% | $1.9M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9860 | −0.117% | $19.0M | $10.1M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9850 | −0.151% | $4.9M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9860 | −0.117% | $7.0M | $4.9M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9870 | −0.084% | — | $6.0M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9949 | +0.180% | $23K | $281K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9933 | +0.126% | $581K | $480K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9930 | +0.117% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9900 | +0.017% | $105K | $182K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9853 | −0.140% | $22K | $123K | 10x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0293% | 1h | 2.9952 | +0.190% | $543K | $610K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 3.0140 | +0.820% | $65K | $68K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0508% / S −0.0480% | 1h | 2.9913 | +0.061% | $37K | — | 100x | as long as short |
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
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]