Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.026%
Price spread now: GRVT against Lighter−0.208%48s7-day average −0.144% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$700.696% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)+0.155%+$16 · spread now −0.208%, 7d avg −0.144%
=Together, before fees+0.100%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and GRVT is 0.065% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.144%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% 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 | 0.4368 | 0.0440 | pay 0.0055% / 1h | 56m 22s | $886K | $268K | 10x |
| Short | GRVT LDO_USDT_Perp | 0.4359 | 0.0100 | get 0.0100% / 8h | 56m 22s | $307K | $3.4M | 10x |
Lighter LDO
GRVT LDO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$71.4
- Price spread: −0.208% → −0.144%
- −$6.46
- Slippage, 4 orders
- −$60.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$147.51
- Costs to cover
- 0.696%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 19 min ago; GRVT: live order book, 2 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, 19 min ago | 3.79 bp | 16.0 bp −$16 | 51.9 bp −$519 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 2.29 bp | 21.9 bp −$22 | 100.6 bp −$1,006 | 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 | −5.909% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.1016% | 1h | 0.4351 | −0.391% | $118K | $55K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4361 | −0.157% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4363 | −0.117% | $3K | $10K | 25x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0026% | 1h | 0.4363 | −0.105% | $1.1M | $527K | 50x | as long as short |
| BloFin LDO-USDT | +0.0073% | 8h | 0.4363 | −0.117% | $790K | $225K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4361 | −0.161% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4368 | −0.011% | $12.2M | $4.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4362 | −0.131% | $172K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4360 | −0.181% | $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
Hyperliquid LDO
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 | 0.4362 | −0.131% | $18.1M | $37.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4359 | −0.208% | $16.6M | $12.6M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4358 | −0.231% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4358 | −0.231% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4362 | −0.140% | $8.5M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4361 | −0.163% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4360 | −0.185% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4360 | −0.185% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4361 | −0.158% | $88K | $180K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4352 | −0.371% | $204K | $83K | — | as long as short |
| GRVT LDO_USDT_Perpshort | +0.0100% | 8h | 0.4359 | −0.208% | $307K | $3.4M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4360 | −0.185% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4364 | −0.101% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4464 | +2.195% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4358 | −0.228% | $261K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4364 | −0.094% | $39K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4364 | −0.097% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0334% | 1h | 0.4359 | −0.210% | $304K | — | 15x | as long as short |
| Lighter LDOlong | +0.0440% | 1h | 0.4368 | long leg | $886K | $268K | 10x |
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
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP