LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.072%

Price spread now: Lighter against Deribit−0.137%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.137% cheaper against Deribit than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.1 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LDO_USDC-PERPETUAL	0.4320	0	get 0.0000% / 1h	18m 25s	$3K	$10K	25x
Short	Lighter LDO	0.4314	0.0216	get 0.0027% / 1h	18m 25s	$875K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee LighterbpOrdersPrice spread, now −0.137%Rate

Funding earned: $45.36
Price spread: −0.137% → 0.000%: −$13.66
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $24.7
Costs to cover: 0.070%
Break-even: 3.2 days

Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 57 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 Deribit no order-book sample	—	—	—	—	—
Sell Lighter live order book, 57 min ago	3.79 bp	9.0 bp −$9	56.1 bp −$561	doesn't fit	doesn't fit

Deribit: 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 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
Injective LDO/USDC PERP	−0.5000%	1h	0.4110	−4.861%	$4K	$14	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.1016%	1h	0.4322	+0.046%	$117K	$52K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4302	−0.407%	$83K	$17K	5x	as long as short
Deribit LDO_USDC-PERPETUALlong	0.0000%	1h	0.4320	long leg	$3K	$10K	25x
Kraken Futures PF_LDOUSD	+0.0026%	1h	0.4322	+0.047%	$1.1M	$527K	50x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4301	−0.445%	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4305	−0.336%	$12.1M	$4.0M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4306	−0.314%	$169K	$149K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4303	−0.384%	$110K	$178K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4301	−0.435%	$17.9M	$37.8M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LDOUSDT	+0.0100%	8h	0.4296	−0.556%	$16.3M	$12.5M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4296	−0.556%	$4.1M	$9.1M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4300	−0.463%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4300	−0.463%	$8.2M	$7.5M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4302	−0.417%	$2.8M	$4.2M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4301	−0.440%	$3.4M	$3.6M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4300	−0.463%	—	$3.7M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4319	−0.032%	$87K	$179K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4329	+0.206%	$203K	$82K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4327	+0.164%	$311K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4330	+0.231%	$35K	$647K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4303	−0.398%	$23K	$736K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4421	+2.338%	$2K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4299	−0.476%	$258K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4320	−0.003%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0113%	8h	0.4322	+0.046%	$790K	$220K	75x	as long as short
Lighter LDOshort	+0.0216%	1h	0.4314	−0.137%	$875K	$268K	10x
GMX LDO/USD [ETH-USDC]	L +0.0318% / S −0.0201%	1h	0.4301	−0.451%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0335%	1h	0.4298	−0.505%	$300K	—	15x	as long as short