Funding you earn now, next payment 01:00 UTC−0.0218%/8h= −23.8% APRnext payment −$0.27 per $10,000 · paid last 24h −0.081%
Price spread now: Kraken Futures against Lighter+0.108%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$520.522% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 3 days (all we have)−0.163%−$16 · spread now +0.108%, 7d avg +0.025%
=Together, before fees−0.432%+ Points / potential airdropLighter: Season 3 · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.083% dearer against Lighter than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.025%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 3.0330 | 0.0096 | pay 0.0012% / 1h | 2m 45s | $170K | $484K | 5x |
| Short | Kraken Futures PF_ICPUSD | 3.0363 | −0.0122 | pay 0.0015% / 1h | 2m 45s | $550K | $609K | 50x |
Lighter ICP
Kraken Futures PF_ICPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$45.73
- Price spread: +0.108% → +0.025%
- $8.33
- Slippage, 4 orders
- −$42.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$89.62
- Costs to cover
- 0.522%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 62 min ago; Kraken Futures: live order book, 5 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 | 0.99 bp | 12.2 bp −$12 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 6.53 bp | 15.5 bp −$15 | 38.7 bp −$387 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0278% | 1h | 3.0311 | −0.063% | $270 | $464 | 50x | as long as short |
| Kraken Futures PF_ICPUSDshort | −0.0122% | 1h | 3.0363 | +0.108% | $550K | $609K | 50x | |
| Variational Omni ICP | −0.0046% | 8h | 3.0409 | +0.262% | $1.1M | $113K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0305 | −0.083% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0011% | 1h | 3.0333 | +0.011% | $23K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.193% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 3.0330 | long leg | $170K | $484K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0332 | +0.007% | $335K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0307 | −0.077% | $137K | $11K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 3.0293 | −0.123% | $30.4M | $53.1M | 75x | as long as short |
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICP
Binance ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ICPUSDT | +0.0100% | 8h | 3.0240 | −0.297% | $18.0M | $18.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0240 | −0.297% | $6.1M | $16.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0260 | −0.231% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0280 | −0.165% | $19.5M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0310 | −0.066% | $5.1M | $13.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0260 | −0.231% | $7.1M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0240 | −0.297% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0544 | +0.706% | $24K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 3.0463 | +0.438% | $578K | $467K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 3.0300 | −0.099% | $2K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0290 | −0.132% | $106K | $239K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 3.0310 | −0.066% | $1.8M | $782K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0260 | −0.232% | $22K | $128K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0350 | +0.066% | $1.3M | $2.3M | 75x | as long as short |
| Hyperliquid ICP | +0.0231% | 1h | 3.0387 | +0.186% | $4.9M | $5.1M | 5x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0450 | +0.396% | $63K | $66K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0511% / S −0.0480% | 1h | 3.0329 | −0.004% | $38K | — | 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
Phemex ICPUSDT
Extended ICP-USD
BloFin ICP-USDT
Hyperliquid ICP
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]