Funding you earn now, next payment 00:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.15 per $10,000 · paid last 24h +0.006%
Price spread now: Lighter against Hyperliquid+0.101%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.101%, 7d avg +0.092%
=Together, before fees−0.061%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LDO | 0.4348 | 0.0100 | pay 0.0013% / 1h | 35m 08s | $12.2M | $4.0M | 5x |
| Short | Lighter LDO | 0.4353 | 0.0216 | get 0.0027% / 1h | 35m 08s | $883K | $268K | 10x |
Hyperliquid LDO
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- $24.36
- Price spread: +0.101% → +0.092%
- $0.95
- Slippage, 4 orders
- −$37.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.4
- Costs to cover
- 0.467%
- Break-even
- 13.1 days
Slippage from Hyperliquid: live order book, 7 min ago; Lighter: live order book, 40 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 Hyperliquid live order book, 7 min ago | 0.57 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 min ago | 3.79 bp | 9.0 bp −$9 | 56.1 bp −$561 | 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 | −5.478% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.1016% | 1h | 0.4350 | +0.041% | $118K | $55K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4351 | +0.074% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4345 | −0.074% | $3K | $10K | 25x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0026% | 1h | 0.4345 | −0.063% | $1.1M | $529K | 50x | as long as short |
| BloFin LDO-USDT | +0.0086% | 8h | 0.4344 | −0.097% | $793K | $220K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4344 | −0.091% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDOlong | +0.0100% | 1h | 0.4348 | long leg | $12.2M | $4.0M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4348 | −0.013% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4346 | −0.058% | $112K | $178K | 10x | as long as short |
Injective LDO/USDC PERP
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Kraken Futures PF_LDOUSD
BloFin LDO-USDT
Paradex LDO-USD-PERP
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4344 | −0.096% | $18.1M | $37.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4340 | −0.189% | $16.5M | $12.5M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4339 | −0.212% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4345 | −0.074% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4343 | −0.120% | $8.4M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4343 | −0.120% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4343 | −0.120% | $3.4M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4342 | −0.143% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4344 | −0.108% | $88K | $178K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4342 | −0.143% | $204K | $83K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4350 | +0.040% | $309K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4350 | +0.041% | $35K | $649K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4346 | −0.053% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4446 | +2.249% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4339 | −0.210% | $261K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4345 | −0.082% | $38K | — | 3x | as long as short |
| Lighter LDOshort | +0.0216% | 1h | 0.4353 | +0.101% | $883K | $268K | 10x | |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4346 | −0.057% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0335% | 1h | 0.4341 | −0.159% | $303K | — | 15x | as long as short |
Binance LDOUSDT
Bybit LDOUSDT
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
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP