Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.1083%/8h= +118.6% APRnext payment +$1.35 per $10,000 · paid last 24h +0.355%
Price spread now: Lighter against Injective+5.579%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+1.403%+$140 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Lighter is 5.579% dearer against Injective than usual: you sell high and buy low: +$558 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.4110−0.0851get 0.0106% / 1h22m 32s$4K$1412x
ShortLighter LDO0.43390.0232get 0.0029% / 1h22m 32s$880K$268K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Injective. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$227.4
Price spread: +5.579% → 0.000%
$557.91
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Lighter: 0 bp × 2 orders
$0
Net
$785.28
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Lighter live order book, 58 min ago7.44 bp12.4 bp −$1240.6 bp −$406doesn't fitdoesn't fit
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective LDO/USDC PERPlong−0.0851%1h0.4110long leg$4K$1412x
Coinbase International LDO-PERP-INTX−0.0600%1h0.4299+4.599%$117K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4330+5.353%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4330+5.353%$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4329+5.322%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4337+5.516%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4332+5.401%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4330+5.362%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4333+5.426%$18.0M$38.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4330+5.353%$16.5M$13.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4330+5.353%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4328+5.304%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4330+5.353%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4330+5.353%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4330+5.353%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4330+5.353%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4328+5.302%$85K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4324+5.206%$202K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4328+5.304%$305K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4330+5.353%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4329+5.336%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4431+7.810%$2K$1.5M20xas long as short
BloFin LDO-USDT+0.0100%8h0.4327+5.280%$789K$223K75xas long as short
Extended LDO-USD+0.0104%1h0.4330+5.357%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4328+5.315%$38K3xas long as short
Lighter LDOshort+0.0232%1h0.4339+5.579%$880K$268K10x
Kraken Futures PF_LDOUSD+0.0296%1h0.4330+5.355%$1.1M$552K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4328+5.315%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4324+5.201%$302K15xas long as short