Funding you earn now, next payment 05:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.030%
Price spread now: Injective against Lighter+0.638%66s7-day average +0.766% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.493%−$49 · spread now +0.638%, 7d avg +0.766%
=Together, before fees−0.511%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.129% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.766%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9477 | 0.0096 | pay 0.0012% / 1h | 26m 03s | $143K | $491K | 5x |
| Short | Injective ICP/USDC PERP | 2.9665 | 0.0033 | get 0.0004% / 1h | 26m 03s | $202 | $200K | 12x |
Lighter ICP
Injective ICP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: +0.638% → +0.766%
- −$12.87
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$26.05
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 19 min ago; Injective: 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, 19 min ago | 2.03 bp | 15.3 bp −$15 | 40.3 bp −$403 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 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 | −0.0089% | 1h | 2.9469 | −0.027% | $192 | $439 | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0058% | 1h | 2.9497 | +0.067% | $526K | $597K | 50x | as long as short |
| Phemex ICPUSDT | −0.0006% | 8h | 2.9460 | −0.058% | $1.7M | $788K | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9460 | −0.058% | $69K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9472 | −0.018% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERPshort | +0.0033% | 1h | 2.9665 | +0.638% | $202 | $200K | 12x | |
| Variational Omni ICP | +0.0081% | 8h | 2.9460 | −0.059% | $1.0M | $134K | — | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9477 | long leg | $143K | $491K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9500 | +0.078% | $4.6M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9470 | −0.024% | $260K | $1.5M | 20x | as long as short |
Deribit ICP_USDC-PERPETUAL
Kraken Futures PF_ICPUSD
Phemex ICPUSDT
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Variational Omni ICP
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 | 2.9445 | −0.107% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9460 | −0.058% | $28.8M | $48.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9460 | −0.058% | $17.1M | $17.4M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9460 | −0.058% | $5.7M | $15.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9470 | −0.024% | $1.9M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9460 | −0.058% | $18.8M | $10.2M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9480 | +0.010% | $4.8M | $12.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9480 | +0.010% | $7.0M | $4.6M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9470 | −0.024% | — | $5.7M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9486 | +0.030% | $23K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9464 | −0.043% | $567K | $475K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9450 | −0.092% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9390 | −0.295% | $103K | $117K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9461 | −0.053% | $22K | $132K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9440 | −0.126% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0352% | 1h | 2.9550 | +0.248% | $66K | $60K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0433% / S −0.0367% | 1h | 2.9474 | −0.009% | $31K | — | 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
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]