Funding you earn now, next payment 23:00 UTC+0.1352%/8h= +148.0% APRnext payment +$1.69 per $10,000 · paid last 24h +0.358%
Price spread now: Lighter against Coinbase International+0.044%7-day average +0.256% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$373as in the Price arb table
costs, in and out, $10k−$3523.518% of the position
Funding, last 7 days+0.726%+$73 on $10k
+Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.044%, 7d avg +0.256%
=Together, before fees+0.589%+ Points / potential airdropLighter: Season 3 · farm board+$59 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.212% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.256%). If the spread goes back, that is −$21 on $10k: about 13 hours of funding at the current rate (+$41 a day). At the pace of the last 7 days (+0.726% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.726% in total (about 37.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.69 per $10,000. 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 | Coinbase International LDO-PERP-INTX | 0.4315 | −0.1016 | get 0.0127% / 1h | 2m 36s | $117K | $52K | 50x |
| Short | Lighter LDO | 0.4317 | 0.0336 | get 0.0042% / 1h | 2m 36s | $876K | $269K | 10x |
Coinbase International LDO-PERP-INTX
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $283.92
- Price spread: +0.044% → +0.256%
- −$21.15
- Slippage, 4 orders
- −$341.77
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$89.01
- Costs to cover
- 3.518%
- Break-even
- 9.2 days
Slippage from Coinbase International: live order book, 10 min ago; Lighter: live order book, 7 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 Coinbase International live order book, 10 min ago | 11.64 bp | 101.9 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 5.34 bp | 10.7 bp −$11 | 41.7 bp −$417 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERP | −0.5000% | 1h | 0.4110 | −4.751% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTXlong | −0.1016% | 1h | 0.4315 | long leg | $117K | $52K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4307 | −0.185% | $83K | $17K | 5x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0026% | 1h | 0.4312 | −0.060% | $1.1M | $527K | 50x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4303 | −0.274% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4312 | −0.079% | $12.1M | $4.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4312 | −0.079% | $170K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4309 | −0.142% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4306 | −0.209% | $18.1M | $38.0M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4302 | −0.301% | $16.3M | $12.5M | 50x | as long as short |
Injective LDO/USDC PERP
dYdX LDO-USD
Kraken Futures PF_LDOUSD
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
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 | 0.4301 | −0.324% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4308 | −0.162% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4307 | −0.185% | $7.9M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4309 | −0.139% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4304 | −0.255% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4306 | −0.209% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4309 | −0.132% | $86K | $181K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4296 | −0.442% | $201K | $82K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4303 | −0.289% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4300 | −0.348% | $34K | $646K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4310 | −0.109% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4410 | +2.202% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4301 | −0.326% | $259K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4311 | −0.095% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0114% | 8h | 0.4313 | −0.046% | $788K | $219K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4308 | −0.154% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0335% | 1h | 0.4305 | −0.221% | $300K | — | 15x | as long as short |
| Lighter LDOshort | +0.0336% | 1h | 0.4317 | +0.044% | $876K | $269K | 10x | |
| Deribit LDO_USDC-PERPETUAL | +0.0679% | 1h | 0.4311 | −0.093% | $3K | $10K | 25x | 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
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Deribit LDO_USDC-PERPETUAL