Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Pacifica+0.022%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$880.878% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.022%, 7d avg −0.005%
=Together, before fees−0.222%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$22 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: Lighter is 0.027% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ICP | 2.9684 | 0.0100 | pay 0.0013% / 1h | 47m 41s | $134K | $9K | 5x |
| Short | Lighter ICP | 2.9691 | 0.0096 | get 0.0012% / 1h | 47m 41s | $138K | $485K | 5x |
Pacifica ICP
Lighter ICPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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: +0.022% → −0.005%
- $2.71
- Slippage, 4 orders
- −$79.83
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$85.96
- Costs to cover
- 0.878%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 50 min ago; Lighter: live order book, 42 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 Pacifica live order book, 50 min ago | 18.82 bp | 26.6 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 42 min ago | 1.69 bp | 16.4 bp −$16 | 38.0 bp −$380 | 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 | −0.0338% | 1h | 2.9710 | +0.088% | $526K | $654K | 50x | as long as short |
| Variational Omni ICP | −0.0151% | 8h | 2.9540 | −0.486% | $1.0M | $135K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 2.9682 | −0.006% | $69K | $2K | 5x | as long as short |
| Deribit ICP_USDC-PERPETUAL | 0.0000% | 1h | 2.9685 | +0.002% | $193 | $439 | 50x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0004% | 1h | 2.9683 | −0.003% | $6K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −0.065% | $202 | $200K | 12x | as long as short |
| Phemex ICPUSDT | +0.0048% | 8h | 2.9620 | −0.217% | $1.8M | $686K | 50x | as long as short |
| Lighter ICPshort | +0.0096% | 1h | 2.9691 | +0.022% | $138K | $485K | 5x | |
| Hyperliquid ICP | +0.0100% | 1h | 2.9711 | +0.090% | $4.5M | $4.6M | 5x | as long as short |
| Aster ICPUSDT | +0.0100% | 8h | 2.9710 | +0.086% | $279K | $1.0M | 20x | as long as short |
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
Deribit ICP_USDC-PERPETUAL
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Phemex ICPUSDT
Hyperliquid ICP
Aster ICPUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ICPlong | +0.0100% | 1h | 2.9684 | long leg | $134K | $9K | 5x | |
| Binance ICPUSDT | +0.0100% | 8h | 2.9688 | +0.014% | $28.9M | $47.9M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 2.9650 | −0.116% | $17.2M | $17.8M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 2.9660 | −0.082% | $5.7M | $14.2M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 2.9680 | −0.015% | $1.9M | $2.7M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 2.9680 | −0.015% | $19.5M | $9.7M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 2.9680 | −0.015% | $4.9M | $11.4M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 2.9690 | +0.019% | $7.0M | $4.5M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 2.9690 | +0.019% | — | $5.6M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 2.9548 | −0.458% | $23K | $279K | 10x | as long as short |
| GRVT ICP_USDT_Perp | +0.0100% | 8h | 2.9559 | −0.421% | $574K | $577K | 10x | as long as short |
| SunX ICP-USDT | +0.0100% | 8h | 2.9670 | −0.048% | $1K | $1.5M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 2.9640 | −0.149% | $103K | $114K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 2.9675 | −0.031% | $26K | $235K | 10x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 2.9590 | −0.318% | $1.2M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0416% | 1h | 2.9750 | +0.221% | $58K | $69K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0457% / S −0.0403% | 1h | 2.9680 | −0.013% | $33K | — | 100x | as long as short |
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]