Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bitget against Lighter+0.024%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$560.555% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.024%, 7d avg −0.021%
=Together, before fees−0.099%+ Points / potential airdropLighter: Season 3 · farm board−$10 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: Bitget is 0.045% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9523 | 0.0096 | pay 0.0012% / 1h | 19m 32s | $136K | $471K | 5x |
| Short | Bitget ICPUSDT | 2.9530 | 0.0100 | get 0.0100% / 8h | 6h 19m | $7.0M | $4.4M | 50x |
Lighter ICP
Bitget ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: +0.024% → −0.021%
- $4.5
- Slippage, 4 orders
- −$43.51
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$50.16
- Costs to cover
- 0.555%
- Break-even
- 425.0 days
Slippage from Lighter: live order book, 27 min ago; Bitget: live order book, 2 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, 27 min ago | 2.55 bp | 13.7 bp −$14 | 40.2 bp −$402 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.70 bp | 13.8 bp −$14 | 33.2 bp −$332 | doesn't fit | doesn't fit |
ICP on 27 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ICPUSDT | −0.0175% | 8h | 2.9450 | −0.247% | $1.7M | $697K | 50x | as long as short |
| Variational Omni ICP | −0.0153% | 8h | 2.9459 | −0.217% | $1.0M | $157K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9500 | −0.078% | $68K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9512 | −0.037% | $192 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9496 | −0.091% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.481% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9523 | long leg | $136K | $471K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9523 | −0.002% | $249K | $974K | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9536 | +0.045% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9511 | −0.042% | $28.6M | $48.1M | 75x | as long as short |
Phemex ICPUSDT
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 2.9490 | −0.112% | $17.1M | $17.5M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9510 | −0.044% | $5.8M | $13.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9510 | −0.044% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9520 | −0.010% | $18.5M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9530 | +0.024% | $5.0M | $11.0M | 50x | as long as short |
| Bitget ICPUSDTshort | +0.0100% | 8h | 2.9530 | +0.024% | $7.0M | $4.4M | 50x | |
| BingX ICP-USDT | +0.0100% | 8h | 2.9510 | −0.044% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9488 | −0.118% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9479 | −0.150% | $571K | $593K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.078% | $2K | $1.4M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9420 | −0.349% | $103K | $124K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9509 | −0.049% | $22K | $242K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9510 | −0.044% | $1.2M | $2.4M | 75x | as long as short |
| Kraken Futures PF_ICPUSD | +0.0353% | 1h | 2.9533 | +0.033% | $513K | $596K | 50x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0448% | 1h | 2.9570 | +0.159% | $58K | $63K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0454% / S −0.0403% | 1h | 2.9507 | −0.054% | $33K | — | 100x | as long as short |
| Hyperliquid ICP | +0.0551% | 1h | 2.9561 | +0.129% | $4.6M | $4.5M | 5x | as long as short |
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
BingX ICP-USDT
edgeX ICPUSDC
GRVT ICP_USDT_Perp
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
BloFin ICP-USDT
Kraken Futures PF_ICPUSD
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]
Hyperliquid ICP