Funding you earn now, next payment 10:00 UTC−0.0300%/8h= −32.8% APRnext payment −$0.37 per $10,000 · paid last 24h −0.056%
Price spread now: Kraken Futures against Lighter−0.052%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$760.763% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.052%, 7d avg −0.128%
=Together, before fees−0.240%+ Points / potential airdropLighter: Season 3 · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.076% dearer against Lighter than usual: you sell high and buy low (spread −0.052% now, against its 7-day average of −0.128%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.129% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4181 | 0.0120 | pay 0.0015% / 1h | 20m 23s | $843K | $262K | 10x |
| Short | Kraken Futures PF_LDOUSD | 0.4179 | −0.0180 | pay 0.0022% / 1h | 20m 23s | $1.0M | $796K | 50x |
Lighter LDO
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$62.95
- Price spread: −0.052% → −0.128%
- $7.6
- Slippage, 4 orders
- −$66.26
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$131.61
- Costs to cover
- 0.763%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 27 min ago; Kraken Futures: live order book, 1 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, 27 min ago | 7.96 bp | 26.3 bp −$26 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 9.58 bp | 19.4 bp −$19 | 48.8 bp −$488 | doesn't fit | doesn't fit |
LDO on 29 exchanges
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 | −0.0616% | 1h | 0.4178 | −0.077% | $115K | $46K | 50x | as long as short |
| Kraken Futures PF_LDOUSDshort | −0.0180% | 1h | 0.4179 | −0.052% | $1.0M | $796K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4180 | −0.026% | $80K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4176 | −0.124% | $7K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.703% | $4K | $10 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4172 | −0.227% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4181 | +0.002% | $11.4M | $2.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4179 | −0.064% | $164K | $73K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4174 | −0.165% | $105K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4175 | −0.159% | $17.6M | $31.8M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4171 | −0.244% | $16.0M | $9.8M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4173 | −0.196% | $4.0M | $6.3M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4178 | −0.077% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4175 | −0.148% | $6.3M | $5.4M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4176 | −0.124% | $2.6M | $3.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4176 | −0.124% | $3.2M | $2.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4178 | −0.077% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4178 | −0.072% | $88K | $179K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4173 | −0.205% | $199K | $59K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4176 | −0.127% | $300K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4180 | −0.029% | $31K | $633K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4177 | −0.100% | $24K | $314K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4278 | +2.315% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4172 | −0.214% | $255K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4177 | −0.109% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0114% | 8h | 0.4186 | +0.115% | $883K | $272K | 75x | as long as short |
| Lighter LDOlong | +0.0120% | 1h | 0.4181 | long leg | $843K | $262K | 10x | |
| Reya LDORUSDPERP | +0.0348% | 1h | 0.4172 | −0.216% | $291K | — | 15x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0385% / S −0.0308% | 1h | 0.4174 | −0.168% | $29K | — | 100x | 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
BloFin LDO-USDT
Reya LDORUSDPERP
GMX LDO/USD [ETH-USDC]