Funding you earn now, next payment 01:00 UTC+0.0564%/8h= +61.8% APRpaid last 24h +0.013%
Price spread now: Lighter against Binance+0.202%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.202%, 7d avg +0.173%
=Together, before fees+0.112%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 0.029% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.173%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LDOUSDT | 0.4308 | 0.0100 | pay 0.0100% / 8h | 7h 27m | $18.1M | $38.0M | 75x |
| Short | Lighter LDO | 0.4317 | 0.0664 | get 0.0083% / 1h | 27m 42s | $876K | $267K | 10x |
Binance LDOUSDT
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $118.44
- Price spread: +0.202% → +0.173%
- $2.89
- Slippage, 4 orders
- −$39.88
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $71.45
- Costs to cover
- 0.499%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 14 min ago; Lighter: live order book, 42 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 Binance live order book, 14 min ago | 1.16 bp | 11.1 bp −$11 | 20.9 bp −$209 | 195.3 bp −$19.5K | doesn't fit |
| Sell Lighter live order book, 42 min ago | 5.34 bp | 10.7 bp −$11 | 41.7 bp −$417 | doesn't fit | doesn't fit |
LDO on 29 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 | −0.0752% | 1h | 0.4301 | −0.174% | $117K | $53K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4306 | −0.051% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.607% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4302 | −0.157% | $3K | $24 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4309 | +0.019% | $12.0M | $4.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4312 | +0.091% | $170K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4308 | −0.011% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDTlong | +0.0100% | 8h | 0.4308 | long leg | $18.1M | $38.0M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4304 | −0.104% | $16.3M | $12.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4304 | −0.104% | $4.1M | $9.1M | 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
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4307 | −0.034% | $1.4M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4307 | −0.034% | $7.9M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4309 | +0.012% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4305 | −0.081% | $3.4M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4308 | −0.011% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4312 | +0.072% | $88K | $148K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4302 | −0.154% | $201K | $81K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4305 | −0.085% | $306K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4310 | +0.035% | $35K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4311 | +0.070% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4410 | +2.356% | $1K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4305 | −0.085% | $263K | $1.6M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4314 | +0.116% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0105% | 8h | 0.4307 | −0.034% | $791K | $221K | 75x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0197% | 1h | 0.4316 | +0.166% | $1.1M | $526K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4310 | +0.040% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0336% | 1h | 0.4306 | −0.054% | $300K | — | 15x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0446% | 1h | 0.4315 | +0.151% | $3K | $10K | 25x | as long as short |
| Lighter LDOshort | +0.0664% | 1h | 0.4317 | +0.202% | $876K | $267K | 10x |
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
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Deribit LDO_USDC-PERPETUAL