Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.021%
Price spread now: Bybit against Lighter−0.415%7-day average −0.248% · you buy dearer than you sell
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.415%, 7d avg −0.248%
=Together, before fees−0.046%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.167% cheaper against Lighter than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.248%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4317 | 0.0096 | pay 0.0012% / 1h | 3m 02s | $875K | $266K | 10x |
| Short | Bybit LDOUSDT | 0.4299 | 0.0100 | get 0.0100% / 8h | 2h 03m | $16.4M | $13.4M | 50x |
Lighter LDO
Bybit LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- $0.84
- Price spread: −0.415% → −0.248%
- −$16.69
- Slippage, 4 orders
- −$92.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$119.09
- Costs to cover
- 1.032%
- Break-even
- 999.4 days
Slippage from Lighter: live order book, 17 min ago; Bybit: live order book, just now.
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 Lighter live order book, 17 min ago | 7.44 bp | 59.0 bp −$59 | 83.6 bp −$836 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 1.16 bp | 13.9 bp −$14 | 38.0 bp −$380 | 290.1 bp −$29.0K | 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 | −0.0688% | 1h | 0.4295 | −0.507% | $116K | $54K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0330% | 1h | 0.4307 | −0.238% | $1.1M | $564K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4303 | −0.322% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0013% | 1h | 0.4304 | −0.304% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.086% | $4K | $13 | 12x | as long as short |
| Lighter LDOlong | +0.0096% | 1h | 0.4317 | long leg | $875K | $266K | 10x | |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4301 | −0.358% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4303 | −0.315% | $11.8M | $3.8M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4304 | −0.306% | $169K | $152K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4302 | −0.340% | $110K | $178K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4300 | −0.380% | $17.9M | $38.4M | 75x | as long as short |
| Bybit LDOUSDTshort | +0.0100% | 8h | 0.4299 | −0.415% | $16.4M | $13.4M | 50x | |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4296 | −0.484% | $4.0M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4302 | −0.345% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4302 | −0.345% | $8.5M | $7.7M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4302 | −0.345% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4297 | −0.461% | $3.3M | $3.8M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4300 | −0.391% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4302 | −0.338% | $86K | $186K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4321 | +0.102% | $202K | $88K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4276 | −0.939% | $307K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4300 | −0.391% | $34K | $647K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4304 | −0.303% | $23K | $740K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4400 | +1.925% | $1K | $1.5M | 20x | as long as short |
| BloFin LDO-USDT | +0.0103% | 8h | 0.4300 | −0.391% | $796K | $227K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4297 | −0.468% | $257K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4302 | −0.337% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4304 | −0.309% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0333% | 1h | 0.4298 | −0.430% | $300K | — | 15x | as long as short |
Binance 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
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP