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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.019%
Price spread now: Lighter against SunX−2.126%7-day average −2.121% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$2 on $10k
Price spread, last 3 days (all we have)−0.007%−$1 · spread now −2.126%, 7d avg −2.121%
Together, before fees+0.008%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −2.121%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX LDO-USDT0.43940.0100pay 0.0100% / 8h6h 06m$1K$1.3M20x
ShortLighter LDO0.43010.0280get 0.0035% / 1h6m 03s$873K$268K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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
$37.8
Price spread: −2.126% → −2.121%
−$0.48
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$29.32
Costs to cover
0.080%
Break-even
1.6 days
Slippage unknown: SunX: live order book, 8 min ago; Lighter: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 8 min ago256.29 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 59 min ago6.34 bp16.3 bp −$1653.5 bp −$535doesn't fitdoesn't fit

LDO on 28 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%1h0.4259−3.072%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4290−2.367%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4293−2.299%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−6.463%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4289−2.378%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4293−2.310%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4293−2.299%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4295−2.261%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4292−2.316%$18.0M$32.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4289−2.390%$16.1M$10.7M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4289−2.390%$4.0M$7.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.4292−2.321%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4292−2.321%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4292−2.321%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4289−2.390%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4290−2.367%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4291−2.346%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4288−2.418%$202K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4277−2.663%$304K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−2.594%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4293−2.296%$23K$687K5xas long as short
SunX LDO-USDTlong+0.0100%8h0.4394long leg$1K$1.3M20x
Extended LDO-USD+0.0104%1h0.4288−2.413%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4293−2.301%$38K3xas long as short
Lighter LDOshort+0.0280%1h0.4301−2.126%$873K$268K10x
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4292−2.329%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4289−2.388%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4295−2.242%$1.2M$774K50xas long as short