Funding you earn now, next payment 23:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.026%
Price spread now: Lighter against GRVT+0.261%48s7-day average +0.144% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.056%+$6 on $10k
+Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.261%, 7d avg +0.144%
=Together, before fees−0.153%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.118% dearer against GRVT than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.144%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT LDO_USDT_Perp | 0.4328 | 0.0100 | pay 0.0100% / 8h | 1h 22m | $305K | $3.5M | 10x |
| Short | Lighter LDO | 0.4339 | 0.0232 | get 0.0029% / 1h | 22m 38s | $880K | $268K | 10x |
GRVT LDO_USDT_Perp
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- $27.72
- Price spread: +0.261% → +0.144%
- $11.75
- Slippage, 4 orders
- −$94.22
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$63.75
- Costs to cover
- 1.032%
- Break-even
- 23.1 days
Slippage from GRVT: live order book, 1 min ago; Lighter: live order book, 57 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 GRVT live order book, 1 min ago | 1.15 bp | 20.4 bp −$20 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 57 min ago | 7.44 bp | 12.4 bp −$12 | 40.6 bp −$406 | 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 | −0.0851% | 1h | 0.4110 | −5.037% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.0600% | 1h | 0.4299 | −0.670% | $117K | $54K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4330 | +0.046% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4330 | +0.046% | $3K | $10K | 25x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4329 | +0.017% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4337 | +0.201% | $12.2M | $4.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4332 | +0.092% | $170K | $152K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4330 | +0.055% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4333 | +0.116% | $18.0M | $38.1M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4330 | +0.046% | $16.5M | $13.0M | 50x | as long as short |
Injective LDO/USDC PERP
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
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 | 0.4330 | +0.046% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4328 | 0.000% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4330 | +0.046% | $8.6M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4330 | +0.046% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4330 | +0.046% | $3.4M | $3.8M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4330 | +0.046% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4328 | −0.002% | $85K | $180K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4324 | −0.093% | $202K | $83K | — | as long as short |
| GRVT LDO_USDT_Perplong | +0.0100% | 8h | 0.4328 | long leg | $305K | $3.5M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4330 | +0.046% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4329 | +0.030% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4431 | +2.380% | $2K | $1.5M | 20x | as long as short |
| BloFin LDO-USDT | +0.0100% | 8h | 0.4327 | −0.023% | $789K | $223K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4330 | +0.051% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4328 | +0.010% | $38K | — | 3x | as long as short |
| Lighter LDOshort | +0.0232% | 1h | 0.4339 | +0.261% | $880K | $268K | 10x | |
| Kraken Futures PF_LDOUSD | +0.0296% | 1h | 0.4330 | +0.048% | $1.1M | $552K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4328 | +0.010% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0334% | 1h | 0.4324 | −0.098% | $302K | — | 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
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP