Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.025%
Price spread now: Bybit against Lighter−0.155%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$550.546% of the position
Funding, last 7 days+0.065%+$7 on $10k
+Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.155%, 7d avg −0.072%
=Together, before fees+0.129%+ Points / potential airdropLighter: Season 3 · farm board+$13 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: Bybit is 0.083% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.072%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9706 | 0.0096 | pay 0.0012% / 1h | 5m 46s | $139K | $496K | 5x |
| Short | Bybit ICPUSDT | 2.9660 | 0.0100 | get 0.0100% / 8h | 1h 05m | $17.3M | $17.8M | 75x |
Lighter ICP
Bybit ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.155% → −0.072%
- −$8.29
- Slippage, 4 orders
- −$43.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$62
- Costs to cover
- 0.546%
- Break-even
- 523.7 days
Slippage from Lighter: live order book, 29 min ago; Bybit: live order book, 3 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, 29 min ago | 7.68 bp | 15.9 bp −$16 | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.69 bp | 10.4 bp −$10 | 24.2 bp −$242 | 547.3 bp −$54.7K | 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 | 2.9730 | +0.079% | $526K | $651K | 50x | as long as short |
| Phemex ICPUSDT | −0.0192% | 8h | 2.9580 | −0.424% | $1.8M | $680K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0053% | 1h | 2.9689 | −0.057% | $193 | $439 | 50x | as long as short |
| Variational Omni ICP | −0.0037% | 8h | 2.9670 | −0.122% | $1.1M | $133K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9714 | +0.028% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9717 | +0.036% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.138% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9706 | long leg | $139K | $496K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 2.9705 | −0.002% | $281K | $1.0M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9699 | −0.024% | $134K | $9K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
Deribit ICP_USDC-PERPETUAL
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 | 2.9686 | −0.067% | $29.1M | $48.3M | 75x | as long as short |
| Bybit ICPUSDTshort | +0.0100% | 8h | 2.9660 | −0.155% | $17.3M | $17.8M | 75x | |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9670 | −0.121% | $5.8M | $15.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9690 | −0.054% | $1.9M | $2.9M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9700 | −0.020% | $19.1M | $10.0M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9700 | −0.020% | $4.9M | $11.8M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9710 | +0.013% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9680 | −0.088% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9683 | −0.078% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9677 | −0.097% | $564K | $558K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9710 | +0.013% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9720 | +0.047% | $104K | $112K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9692 | −0.046% | $22K | $117K | 10x | as long as short |
| Hyperliquid ICP | +0.0121% | 1h | 2.9732 | +0.088% | $4.6M | $4.6M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9720 | +0.047% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0320% | 1h | 2.9680 | −0.088% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0457% / S −0.0403% | 1h | 2.9718 | +0.039% | $33K | — | 100x | as long as short |
Binance 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
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]