Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: KuCoin against Lighter−0.061%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$780.781% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.061%, 7d avg −0.009%
=Together, before fees+0.040%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: KuCoin is 0.053% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9308 | 0.0096 | pay 0.0012% / 1h | 47m 31s | $141K | $492K | 5x |
| Short | KuCoin ICPUSDTM | 2.9290 | 0.0100 | get 0.0100% / 8h | 2h 47m | $4.8M | $12.3M | 50x |
Lighter ICP
KuCoin ICPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.061% → −0.009%
- −$5.28
- Slippage, 4 orders
- −$66.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$82.57
- Costs to cover
- 0.781%
- Break-even
- 695.1 days
Slippage from Lighter: live order book, 57 min ago; KuCoin: live order book, 6 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, 57 min ago | 2.03 bp | 15.3 bp −$15 | 40.3 bp −$403 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 3.41 bp | 34.9 bp −$35 | 81.9 bp −$819 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ICPUSD | −0.0068% | 1h | 2.9345 | +0.126% | $485K | $630K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0023% | 1h | 2.9319 | +0.038% | $191 | $439 | 50x | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9320 | +0.041% | $68K | $3K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0002% | 1h | 2.9323 | +0.051% | $10K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +1.218% | $202 | $200K | 12x | as long as short |
| Variational Omni ICP | +0.0071% | 8h | 2.9320 | +0.040% | $1.0M | $133K | — | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9308 | long leg | $141K | $492K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9330 | +0.075% | $4.5M | $4.8M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9291 | −0.056% | $262K | $1.5M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 2.9300 | −0.027% | $133K | $10K | 5x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Variational Omni ICP
Hyperliquid ICP
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 | 2.9267 | −0.139% | $28.7M | $48.3M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9250 | −0.198% | $17.0M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9270 | −0.130% | $5.6M | $14.8M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9260 | −0.164% | $1.8M | $2.8M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9280 | −0.096% | $18.1M | $9.9M | 50x | as long as short |
| KuCoin ICPUSDTMshort | +0.0100% | 8h | 2.9290 | −0.061% | $4.8M | $12.3M | 50x | |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9290 | −0.061% | $6.9M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9260 | −0.164% | — | $5.8M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9325 | +0.058% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9350 | +0.143% | $558K | $501K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9320 | +0.041% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9280 | −0.096% | $102K | $117K | 20x | as long as short |
| Phemex ICPUSDT | +0.0100% | 8h | 2.9300 | −0.027% | $1.7M | $746K | 50x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9263 | −0.155% | $23K | $136K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9360 | +0.177% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0336% | 1h | 2.9390 | +0.280% | $57K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0432% / S −0.0367% | 1h | 2.9322 | +0.047% | $30K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
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
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]