Funding you earn now, next payment 02:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.019%
Price spread now: MEXC against Lighter−0.215%7-day average −0.184% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.215%, 7d avg −0.184%
=Together, before fees−0.167%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and MEXC is 0.032% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.184%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4316 | 0.0280 | pay 0.0035% / 1h | 25m 59s | $877K | $268K | 10x |
| Short | MEXC LDO_USDT | 0.4307 | 0.0100 | get 0.0100% / 8h | 6h 25m | $7.7M | $7.2M | 200x |
Lighter LDO
MEXC LDO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$37.8
- Price spread: −0.215% → −0.184%
- −$3.15
- Slippage, 4 orders
- −$56.64
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$97.59
- Costs to cover
- 0.566%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 39 min ago; MEXC: 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, 39 min ago | 6.34 bp | 30.9 bp −$31 | 66.2 bp −$662 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 1.16 bp | 4.4 bp −$4 | 13.8 bp −$138 | 93.9 bp −$9,392 | 152.6 bp −$76.3K |
LDO on 28 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 | −0.0416% | 1h | 0.4307 | −0.215% | $120K | $45K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4299 | −0.397% | $83K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.780% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0099% | 8h | 0.4299 | −0.411% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4315 | −0.039% | $11.9M | $3.7M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4307 | −0.211% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4302 | −0.342% | $110K | $159K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4310 | −0.153% | $18.0M | $33.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4308 | −0.192% | $16.2M | $11.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4308 | −0.192% | $4.0M | $7.7M | 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 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4311 | −0.123% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDTshort | +0.0100% | 8h | 0.4307 | −0.215% | $7.7M | $7.2M | 200x | |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4307 | −0.215% | $2.8M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4308 | −0.192% | $3.3M | $3.3M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4309 | −0.169% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4312 | −0.093% | $89K | $156K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4300 | −0.382% | $202K | $71K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4287 | −0.679% | $305K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4290 | −0.609% | $33K | $642K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4305 | −0.259% | $23K | $717K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4405 | +2.055% | $2K | $1.3M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4306 | −0.249% | $261K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4306 | −0.236% | $38K | — | 3x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0215% | 1h | 0.4307 | −0.215% | $7K | $20K | 25x | as long as short |
| Lighter LDOlong | +0.0280% | 1h | 0.4316 | long leg | $877K | $268K | 10x | |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4303 | −0.317% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0338% | 1h | 0.4301 | −0.352% | $300K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0558% | 1h | 0.4310 | −0.145% | $1.2M | $778K | 50x | as long as short |
Gate 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
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD