ICP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0261%/8h= +28.6% APRnext payment +$0.33 per $10,000 · paid last 24h +0.082%

Price spread now: GMX against Lighter−0.075%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.075% cheaper against Lighter than usual: you would sell low and buy high (spread −0.075% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 23 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ICP	2.9311	0.0096	pay 0.0012% / 1h	7m 07s	$133K	$460K	5x
Short	GMX ICP/USD [WBTC.b-USDC]	2.9289	L +0.0424% / S −0.0357%	get 0.0045% / 1h	7m 07s	$30K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.075%Rate

Funding earned: $54.89
Price spread: −0.075% → 0.000%: −$7.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $35.42
Costs to cover: 0.120%
Break-even: 2.5 days

Slippage unknown: Lighter: live order book, 31 min ago; GMX: no order-book sample. Net counts fees only.

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, 31 min ago	3.24 bp	10.5 bp −$11	36.7 bp −$367	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0126%	8h	2.9230	−0.276%	$1.7M	$703K	50x	as long as short
Variational Omni ICP	−0.0123%	8h	2.9218	−0.319%	$1.1M	$195K	—	as long as short
Deribit ICP_USDC-PERPETUAL	−0.0057%	1h	2.9278	−0.113%	$190	$439	50x	as long as short
dYdX ICP-USD	0.0000%	1h	2.9327	+0.055%	$68K	$2K	5x	as long as short
gTrade (Gains Network) ICP/USD	L +0.0006% / S −0.0004%	1h	2.9321	+0.034%	$6K	—	150x	as long as short
Injective ICP/USDC PERP	+0.0033%	1h	2.9665	+1.208%	$202	$200K	12x	as long as short
Lighter ICPlong	+0.0096%	1h	2.9311	long leg	$133K	$460K	5x
Aster ICPUSDT	+0.0100%	8h	2.9302	−0.032%	$245K	$891K	20x	as long as short
Pacifica ICP	+0.0100%	1h	2.9313	+0.007%	$132K	$9K	5x	as long as short
Binance ICPUSDT	+0.0100%	8h	2.9290	−0.072%	$28.2M	$47.5M	75x	as long as short

Show all 27 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ICPUSDT	+0.0100%	8h	2.9280	−0.106%	$17.1M	$17.2M	75x	as long as short
OKX ICP-USDT-SWAP	+0.0100%	8h	2.9280	−0.106%	$5.7M	$12.8M	50x	as long as short
Gate ICP_USDT	+0.0100%	8h	2.9290	−0.072%	$1.9M	$2.7M	50x	as long as short
MEXC ICP_USDT	+0.0100%	8h	2.9290	−0.072%	$18.3M	$9.5M	50x	as long as short
KuCoin ICPUSDTM	+0.0100%	8h	2.9310	−0.003%	$4.9M	$10.6M	50x	as long as short
Bitget ICPUSDT	+0.0100%	8h	2.9310	−0.003%	$6.9M	$4.3M	50x	as long as short
BingX ICP-USDT	+0.0100%	8h	2.9300	−0.038%	—	$5.6M	—	as long as short
edgeX ICPUSDC	+0.0100%	4h	2.9276	−0.118%	$23K	$279K	10x	as long as short
GRVT ICP_USDT_Perp	+0.0100%	8h	2.9295	−0.055%	$567K	$631K	10x	as long as short
SunX ICP-USDT	+0.0100%	8h	2.9290	−0.072%	$2K	$1.4M	20x	as long as short
HTX ICP-USDT	+0.0100%	8h	2.9280	−0.106%	$102K	$128K	20x	as long as short
Extended ICP-USD	+0.0104%	1h	2.9276	−0.118%	$22K	$241K	10x	as long as short
Kraken Futures PF_ICPUSD	+0.0188%	1h	2.9328	+0.057%	$520K	$582K	50x	as long as short
BloFin ICP-USDT	+0.0220%	8h	2.9330	+0.065%	$1.2M	$2.3M	75x	as long as short
Coinbase International ICP-PERP-INTX	+0.0424%	1h	2.9570	+0.884%	$58K	$63K	50x	as long as short
GMX ICP/USD [WBTC.b-USDC]short	L +0.0424% / S −0.0357%	1h	2.9289	−0.075%	$30K	—	100x
Hyperliquid ICP	+0.0624%	1h	2.9347	+0.123%	$4.6M	$4.3M	5x	as long as short