Funding you earn now, next payment 04:00 UTC−0.0808%/8h= −88.5% APRnext payment −$1.01 per $10,000 · paid last 24h −0.328%
Price spread now: Coinbase International against Lighter−0.496%7-day average −0.258% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$660.663% of the position
Funding, last 7 days−0.770%−$77 on $10k
+Price spread, last 4 days (all we have)+0.535%+$54 · spread now −0.496%, 7d avg −0.258%
=Together, before fees−0.235%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Coinbase International is 0.239% cheaper against Lighter than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.258%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4250 | 0.0456 | pay 0.0057% / 1h | 21m 24s | $853K | $267K | 10x |
| Short | Coinbase International LDO-PERP-INTX | 0.4229 | −0.0352 | pay 0.0044% / 1h | 21m 24s | $118K | $41K | 50x |
Lighter LDO
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$169.68
- Price spread: −0.496% → −0.258%
- −$23.87
- Slippage, 4 orders
- −$56.31
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$259.86
- Costs to cover
- 0.663%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 29 min ago; Coinbase International: live order book, 31 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 Lighter live order book, 29 min ago | 2.68 bp | 12.5 bp −$13 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 31 min ago | 16.32 bp | 21.3 bp −$21 | doesn't fit | 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-INTXshort | −0.0352% | 1h | 0.4229 | −0.496% | $118K | $41K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4240 | −0.232% | $82K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.296% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4243 | −0.174% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4249 | −0.021% | $11.6M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4245 | −0.118% | $167K | $93K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4244 | −0.134% | $109K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4247 | −0.073% | $17.9M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4245 | −0.120% | $16.0M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4245 | −0.120% | $4.0M | $6.8M | 50x | as long as short |
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
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 | 0.4241 | −0.214% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4246 | −0.096% | $7.6M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4245 | −0.120% | $2.7M | $3.6M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4245 | −0.120% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4245 | −0.120% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4234 | −0.381% | $89K | $176K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4256 | +0.132% | $200K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4254 | +0.092% | $304K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4250 | −0.002% | $32K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4249 | −0.026% | $21K | $246K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4345 | +2.233% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4244 | −0.147% | $254K | $999K | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4247 | −0.067% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0116% | 8h | 0.4245 | −0.120% | $906K | $251K | 75x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0221% | 1h | 0.4248 | −0.049% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4246 | −0.095% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0342% | 1h | 0.4245 | −0.125% | $296K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0396% | 1h | 0.4249 | −0.038% | $1.1M | $657K | 50x | as long as short |
| Lighter LDOlong | +0.0456% | 1h | 0.4250 | long leg | $853K | $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
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD