Funding you earn now, next payment 01:00 UTC−0.0508%/8h= −55.6% APRpaid last 24h −0.013%
Price spread now: BingX against Lighter−0.131%7-day average −0.214% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$530.530% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now −0.131%, 7d avg −0.214%
=Together, before fees−0.167%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.083% dearer against Lighter than usual: you sell high and buy low (spread −0.131% now, against its 7-day average of −0.214%): +$8 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.010% in total) that is about 59 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment. 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 | Lighter LDO | 0.4342 | 0.0608 | pay 0.0076% / 1h | 16m 59s | $881K | $267K | 10x |
| Short | BingX LDO-USDT | 0.4336 | 0.0100 | get 0.0100% / 8h | 7h 16m | — | $10.1M | — |
Lighter LDO
BingX LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Lighter. 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
- −$106.68
- Price spread: −0.131% → −0.214%
- $8.27
- Slippage, 4 orders
- −$42.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$151.37
- Costs to cover
- 0.530%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 min ago; BingX: live order book, 3 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 Lighter live order book, 53 min ago | 5.34 bp | 17.1 bp −$17 | 59.4 bp −$594 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.31 bp | 12.9 bp −$13 | 26.5 bp −$265 | 92.8 bp −$9,276 | 392.5 bp −$196.2K |
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 | −0.0752% | 1h | 0.4323 | −0.431% | $118K | $53K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4320 | −0.500% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −5.337% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4331 | −0.253% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4338 | −0.088% | $12.0M | $4.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4337 | −0.107% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4336 | −0.141% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4338 | −0.077% | $18.2M | $37.5M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4334 | −0.177% | $16.4M | $12.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4333 | −0.200% | $4.1M | $9.0M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4337 | −0.108% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4337 | −0.108% | $8.0M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4334 | −0.177% | $2.8M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4335 | −0.154% | $3.4M | $3.6M | 75x | as long as short |
| BingX LDO-USDTshort | +0.0100% | 8h | 0.4336 | −0.131% | — | $10.1M | — | |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4335 | −0.161% | $89K | $149K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4309 | −0.758% | $202K | $81K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4313 | −0.660% | $309K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4310 | −0.730% | $35K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4336 | −0.138% | $23K | $731K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4433 | +2.103% | $1K | $1.4M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4334 | −0.170% | $264K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4333 | −0.212% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0113% | 8h | 0.4336 | −0.131% | $793K | $218K | 75x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0196% | 1h | 0.4336 | −0.128% | $1.1M | $526K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0212% | 1h | 0.4335 | −0.154% | $3K | $10K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4333 | −0.194% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0336% | 1h | 0.4329 | −0.284% | $302K | — | 15x | as long as short |
| Lighter LDOlong | +0.0608% | 1h | 0.4342 | long leg | $881K | $267K | 10x |
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
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
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP