Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.004%
Price spread now: Lighter against Aster+0.162%7-day average +0.122% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1271.267% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.008%+$1 on $10k
Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.162%, 7d avg +0.122%
Together, before fees−0.061%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.040% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.122%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster LDOUSDT0.43480.0100pay 0.0100% / 8h2h 58m$171K$148K10x
ShortLighter LDO0.43550.0208get 0.0026% / 1h58m 13s$883K$263K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$22.68
Price spread: +0.162% → +0.122%
$4.05
Slippage, 4 orders
−$118.72
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$100
Costs to cover
1.267%
Break-even
37.9 days
Slippage from Aster: live order book, 28 min ago; Lighter: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 28 min ago10.35 bp86.9 bp −$87doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 27 min ago6.07 bp6.1 bp −$640.4 bp −$404doesn't fitdoesn't fit

LDO on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LDO-PERP-INTX−0.0688%1h0.4347−0.029%$118K$55K50xas long as short
Kraken Futures PF_LDOUSD−0.0327%1h0.4345−0.065%$1.1M$554K50xas long as short
dYdX LDO-USD0.0000%1h0.4350+0.041%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4345−0.075%$3K$10K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.799%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4344−0.091%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4350+0.045%$12.1M$3.4M5xas long as short
Aster LDOUSDTlong+0.0100%8h0.4348long leg$171K$148K10x
Pacifica LDO+0.0100%1h0.4349+0.021%$112K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4342−0.136%$18.1M$38.2M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4344−0.098%$16.8M$13.1M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4339−0.213%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4344−0.098%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4346−0.052%$9.0M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4346−0.052%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4345−0.075%$3.3M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4344−0.098%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4350+0.043%$87K$187K10xas long as short
Variational Omni LDO+0.0100%8h0.4349+0.007%$203K$119Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4344−0.096%$303K$3.6M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4350+0.040%$35K$646K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4348−0.010%$26K$716K5xas long as short
SunX LDO-USDT+0.0100%8h0.4442+2.156%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4340−0.190%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4344−0.093%$38K3xas long as short
BloFin LDO-USDT+0.0123%8h0.4347−0.029%$798K$230K75xas long as short
Lighter LDOshort+0.0208%1h0.4355+0.162%$883K$263K10x
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4345−0.068%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4342−0.141%$303K15xas long as short