Funding you earn now, next payment 05:00 UTC−0.0704%/8h= −77.1% APRnext payment −$0.88 per $10,000 · paid last 24h −0.328%
Price spread now: Coinbase International against Lighter−0.915%7-day average −0.267% · you buy dearer than you sell
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$282as in the Price arb table
costs, in and out, $10k−$2182.176% of the position
Funding, last 7 days−0.778%−$78 on $10k
+Price spread, last 4 days (all we have)+1.007%+$101 · spread now −0.915%, 7d avg −0.267%
=Together, before fees+0.229%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Coinbase International is 0.648% cheaper against Lighter than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.267%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4231 | 0.0240 | pay 0.0030% / 1h | 21m 27s | $853K | $266K | 10x |
| Short | Coinbase International LDO-PERP-INTX | 0.4192 | −0.0464 | pay 0.0058% / 1h | 21m 27s | $117K | $41K | 50x |
Lighter LDO
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$147.84
- Price spread: −0.915% → −0.267%
- −$64.79
- Slippage, 4 orders
- −$207.55
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$430.18
- Costs to cover
- 2.176%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 min ago; Coinbase International: live order book, 26 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, 24 min ago | 5.32 bp | 14.7 bp −$15 | 55.4 bp −$554 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 26 min ago | 27.25 bp | 158.5 bp −$158 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTXshort | −0.0464% | 1h | 0.4192 | −0.915% | $117K | $41K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4221 | −0.224% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4217 | −0.324% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.853% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0085% | 8h | 0.4202 | −0.678% | $892K | $257K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4222 | −0.194% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4225 | −0.123% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4223 | −0.192% | $166K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4224 | −0.169% | $108K | $27K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4224 | −0.154% | $17.7M | $31.2M | 75x | as long as short |
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4221 | −0.229% | $16.0M | $10.2M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4220 | −0.253% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4221 | −0.229% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4225 | −0.135% | $7.2M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4225 | −0.135% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4221 | −0.229% | $3.2M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4224 | −0.158% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4223 | −0.189% | $89K | $181K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4183 | −1.132% | $196K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4199 | −0.746% | $301K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4200 | −0.726% | $32K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4225 | −0.135% | $22K | $380K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4309 | +1.851% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4220 | −0.257% | $253K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4217 | −0.324% | $37K | — | 3x | as long as short |
| Lighter LDOlong | +0.0240% | 1h | 0.4231 | long leg | $853K | $266K | 10x | |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4212 | −0.431% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4220 | −0.256% | $294K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0599% | 1h | 0.4222 | −0.195% | $1.1M | $660K | 50x | as long as short |
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
Kraken Futures PF_LDOUSD