Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.024%
Price spread now: Lighter against MEXC+0.044%7-day average +0.185% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.119%+$12 on $10k
Price spread, last 4 days (all we have)+0.381%+$38 · spread now +0.044%, 7d avg +0.185%
Together, before fees+0.500%+ Points / potential airdropLighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.140% cheaper against MEXC than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.185%). If the spread goes back, that is −$14 on $10k: about 3.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.119% in total) that is about 8.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC LDO_USDT0.42780.0100pay 0.0100% / 8h4h 25m$7.7M$6.5M200x
ShortLighter LDO0.42800.0224get 0.0028% / 1h25m 31s$870K$265K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$26.04
Price spread: +0.044% → +0.185%
−$14.05
Slippage, 4 orders
−$31.86
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$19.87
Costs to cover
0.319%
Break-even
12.3 days
Slippage from MEXC: live order book, 2 min ago; Lighter: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago1.17 bp6.3 bp −$612.1 bp −$12189.7 bp −$8,973153.4 bp −$76.7K
Sell Lighter live order book, 30 min ago4.09 bp7.9 bp −$836.2 bp −$362doesn't fitdoesn't fit

LDO on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LDO-PERP-INTX−0.0416%1h0.4270−0.187%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4271−0.159%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4273−0.117%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.927%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4268−0.225%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4280+0.047%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4273−0.106%$168K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4272−0.131%$110K$46K10xas long as short
Binance LDOUSDT+0.0100%8h0.4278−0.012%$18.0M$31.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4276−0.047%$16.1M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4276−0.047%$4.0M$6.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4272−0.140%$1.5M$1.0M50xas long as short
MEXC LDO_USDTlong+0.0100%8h0.4278long leg$7.7M$6.5M200x
KuCoin LDOUSDTM+0.0100%8h0.4279+0.023%$2.7M$3.7M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4277−0.023%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4273−0.117%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4271−0.154%$91K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4269−0.217%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4274−0.096%$301K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4270−0.187%$33K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4280+0.044%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4368+2.104%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4272−0.138%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4272−0.135%$38K3xas long as short
BloFin LDO-USDT+0.0116%8h0.4273−0.117%$902K$252K75xas long as short
Lighter LDOshort+0.0224%1h0.4280+0.044%$870K$265K10x
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4266−0.275%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4276−0.052%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0493%1h0.4277−0.028%$1.1M$684K50xas long as short