Funding you earn now, next payment 08:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.023%
Price spread now: Lighter against GMX+0.189%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.189% dearer against GMX than usual: you sell high and buy low (spread +0.189% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX LDO/USD [ETH-USDC] | 0.4225 | L +0.0318% / S −0.0201% | pay 0.0040% / 1h | 42m 07s | $23K | — | 100x |
| Short | Lighter LDO | 0.4233 | 0.0232 | get 0.0029% / 1h | 42m 07s | $853K | $270K | 10x |
GMX LDO/USD [ETH-USDC]
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$18.07
- Price spread: +0.189% → 0.000%
- $18.86
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$11.21
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 58 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 58 min ago | 4.26 bp | 10.8 bp −$11 | 42.7 bp −$427 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0920% | 1h | 0.4180 | −1.070% | $116K | $39K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4225 | −0.002% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4226 | +0.018% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.727% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4221 | −0.091% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4230 | +0.122% | $11.5M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4226 | +0.016% | $166K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4223 | −0.047% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4226 | +0.025% | $17.7M | $30.7M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4224 | −0.029% | $16.0M | $9.8M | 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
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 | 0.4224 | −0.029% | $4.0M | $6.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4221 | −0.100% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4225 | −0.005% | $6.7M | $5.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4226 | +0.018% | $2.7M | $3.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4224 | −0.029% | $3.2M | $2.9M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4224 | −0.029% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4225 | −0.008% | $91K | $177K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4220 | −0.131% | $201K | $66K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4216 | −0.220% | $300K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4220 | −0.124% | $31K | $633K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4228 | +0.068% | $22K | $371K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4322 | +2.290% | $1K | $1.2M | 20x | as long as short |
| BloFin LDO-USDT | +0.0102% | 8h | 0.4219 | −0.147% | $890K | $258K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4223 | −0.044% | $257K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4225 | −0.006% | $37K | — | 3x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0224% | 1h | 0.4226 | +0.022% | $1.1M | $711K | 50x | as long as short |
| Lighter LDOshort | +0.0232% | 1h | 0.4233 | +0.189% | $853K | $270K | 10x | |
| GMX LDO/USD [ETH-USDC]long | L +0.0318% / S −0.0201% | 1h | 0.4225 | long leg | $23K | — | 100x | |
| Reya LDORUSDPERP | +0.0345% | 1h | 0.4224 | −0.034% | $295K | — | 15x | 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
Kraken Futures PF_LDOUSD
Reya LDORUSDPERP