Funding you earn now, next payment 03:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.021%
Price spread now: Lighter against Binance+0.152%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$830.830% of the position
Funding, last 7 days+0.116%+$12 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.152%, 7d avg +0.173%
=Together, before fees+0.119%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.021% cheaper against Binance than usual: you would sell low and buy high (spread +0.152% now, against its 7-day average of +0.173%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.116% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.116% in total (about 6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LDOUSDT | 0.4285 | 0.0100 | pay 0.0100% / 8h | 5h 41m | $17.9M | $32.0M | 75x |
| Short | Lighter LDO | 0.4292 | 0.0408 | get 0.0051% / 1h | 41m 42s | $872K | $265K | 10x |
Binance LDOUSDT
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $64.68
- Price spread: +0.152% → +0.173%
- −$2.09
- Slippage, 4 orders
- −$72.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$20.39
- Costs to cover
- 0.830%
- Break-even
- 9.2 days
Slippage from Binance: live order book, 15 min ago; Lighter: live order book, 18 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 Binance live order book, 15 min ago | 2.32 bp | 10.1 bp −$10 | 23.6 bp −$236 | 245.5 bp −$24.6K | doesn't fit |
| Sell Lighter live order book, 18 min ago | 9.05 bp | 12.3 bp −$12 | 69.2 bp −$692 | doesn't fit | doesn't fit |
LDO on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0512% | 1h | 0.4259 | −0.618% | $119K | $43K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4287 | +0.040% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4289 | +0.082% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.094% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4286 | +0.024% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4285 | −0.011% | $11.7M | $3.3M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4291 | +0.125% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4287 | +0.024% | $110K | $131K | 10x | as long as short |
| Binance LDOUSDTlong | +0.0100% | 8h | 0.4285 | long leg | $17.9M | $32.0M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4281 | −0.104% | $16.1M | $10.5M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Bybit LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4280 | −0.128% | $4.0M | $7.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4286 | +0.012% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4286 | +0.012% | $7.7M | $6.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4288 | +0.059% | $2.7M | $4.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4282 | −0.081% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4286 | +0.012% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4290 | +0.117% | $90K | $142K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4268 | −0.413% | $200K | $68K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4268 | −0.405% | $303K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | −0.128% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4291 | +0.127% | $23K | $686K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4391 | +2.463% | $2K | $1.2M | 20x | as long as short |
| BloFin LDO-USDT | +0.0103% | 8h | 0.4290 | +0.106% | $919K | $256K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4280 | −0.119% | $258K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4289 | +0.090% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4289 | +0.091% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4286 | +0.020% | $299K | — | 15x | as long as short |
| Lighter LDOshort | +0.0408% | 1h | 0.4292 | +0.152% | $872K | $265K | 10x | |
| Kraken Futures PF_LDOUSD | +0.0575% | 1h | 0.4293 | +0.184% | $1.2M | $711K | 50x | as long as short |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD