Funding you earn now, next payment 12:00 UTC−0.0254%/8h= −27.8% APRnext payment −$0.32 per $10,000 · paid last 24h −0.029%
Price spread now: Lighter against Reya+0.212%7-day average +0.248% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.212%, 7d avg +0.248%
=Together, before fees−0.269%+ Points / potential airdropReya: Active · Lighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Lighter is 0.036% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.248%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya LDORUSDPERP | 0.4104 | 0.0350 | pay 0.0044% / 1h | 51m 57s | $286K | — | 15x |
| Short | Lighter LDO | 0.4113 | 0.0096 | get 0.0012% / 1h | 51m 57s | $824K | $224K | 10x |
Reya LDORUSDPERP
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Reya. 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
- −$53.4
- Price spread: +0.212% → +0.248%
- −$3.58
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$62.98
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Lighter: live order book, 51 min ago. Net counts fees only.
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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 51 min ago | 6.49 bp | 11.0 bp −$11 | 51.1 bp −$511 | doesn't fit | doesn't fit |
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0952% | 1h | 0.4084 | −0.492% | $112K | $47K | 50x | as long as short |
| ApeX Omni LDOUSDT | −0.0392% | 1h | 0.4120 | +0.385% | $20K | $637K | 50x | as long as short |
| Injective LDO/USDC PERP | −0.0384% | 1h | 0.4120 | +0.385% | $4K | $9 | 12x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4113 | +0.213% | $79K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4106 | +0.044% | $7K | $10K | 25x | as long as short |
| BloFin LDO-USDT | +0.0072% | 8h | 0.4111 | +0.166% | $866K | $266K | 75x | as long as short |
| Lighter LDOshort | +0.0096% | 1h | 0.4113 | +0.212% | $824K | $224K | 10x | |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4104 | −0.005% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4107 | +0.078% | $11.2M | $2.8M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4108 | +0.091% | $164K | $56K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
ApeX Omni LDOUSDT
Injective LDO/USDC PERP
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4109 | +0.119% | $104K | $7K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4105 | +0.020% | $17.2M | $30.4M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4104 | −0.005% | $15.9M | $9.3M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4103 | −0.029% | $3.9M | $5.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4104 | −0.005% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4103 | −0.029% | $6.3M | $5.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4103 | −0.029% | $2.5M | $2.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4104 | −0.005% | $3.1M | $2.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4103 | −0.029% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4106 | +0.032% | $83K | $163K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4111 | +0.176% | $196K | $48K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4113 | +0.215% | $294K | $3.4M | 10x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4109 | +0.115% | $24K | $309K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4204 | +2.432% | $2K | $1.1M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4101 | −0.076% | $249K | $1.7M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4107 | +0.062% | $36K | — | 3x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0119% | 1h | 0.4109 | +0.116% | $1.0M | $723K | 50x | as long as short |
| Reya LDORUSDPERPlong | +0.0350% | 1h | 0.4104 | long leg | $286K | — | 15x | |
| GMX LDO/USD [ETH-USDC] | L +0.0382% / S −0.0308% | 1h | 0.4107 | +0.073% | $29K | — | 100x | as long as short |
Pacifica LDO
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
GRVT LDO_USDT_Perp
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]