Funding you earn now, next payment 09:00 UTC−0.0276%/8h= −30.3% APRpaid last 24h −0.242%
Price spread now: Phemex against Lighter−0.010%7-day average −0.182% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.250%−$225 on $10k
+Price spread, last 4 days (all we have)−0.260%−$26 · spread now −0.010%, 7d avg −0.182%
=Together, before fees−2.510%+ Points / potential airdropLighter: Season 3 · farm board−$251 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.172% dearer against Lighter than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.182%): +$17 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−2.250% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 2.9533 | 0.0096 | pay 0.0012% / 1h | 41m 47s | $137K | $486K | 5x |
| Short | Phemex ICPUSDT | 2.9530 | −0.0180 | pay 0.0180% / 8h | 7h 41m | $1.8M | $686K | 50x |
Lighter ICP
Phemex ICPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$58.02
- Price spread: −0.010% → −0.182%
- $17.17
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$52.85
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 48 min ago; Phemex: live order book, 1 min ago. 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, 48 min ago | 1.69 bp | 19.4 bp −$19 | 41.1 bp −$411 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 1.69 bp | doesn't fit | doesn't fit | 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 | −0.0340% | 1h | 2.9565 | +0.108% | $524K | $654K | 50x | as long as short |
| Deribit ICP_USDC-PERPETUAL | −0.0258% | 1h | 2.9523 | −0.034% | $192 | $439 | 50x | as long as short |
| Phemex ICPUSDTshort | −0.0180% | 8h | 2.9530 | −0.010% | $1.8M | $686K | 50x | |
| Variational Omni ICP | −0.0146% | 8h | 2.9600 | +0.227% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9550 | +0.058% | $69K | $1K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9542 | +0.029% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | +0.447% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 2.9533 | long leg | $137K | $486K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9555 | +0.074% | $4.5M | $4.6M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9549 | +0.053% | $278K | $1.0M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Deribit ICP_USDC-PERPETUAL
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
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 | 2.9561 | +0.094% | $133K | $9K | 5x | as long as short |
| Binance ICPUSDT | +0.0100% | 8h | 2.9505 | −0.096% | $28.8M | $48.0M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9480 | −0.179% | $17.1M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9500 | −0.112% | $5.7M | $14.1M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9520 | −0.044% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9520 | −0.044% | $19.4M | $9.8M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9530 | −0.010% | $4.9M | $11.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9530 | −0.010% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9500 | −0.112% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9620 | +0.293% | $23K | $280K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9618 | +0.289% | $575K | $577K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9530 | −0.010% | $2K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9540 | +0.024% | $103K | $115K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9502 | −0.105% | $22K | $239K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9570 | +0.125% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.735% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0456% / S −0.0403% | 1h | 2.9539 | +0.021% | $33K | — | 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]