Funding you earn now, next payment 11:00 UTC+0.0269%/8h= +29.4% APRnext payment +$0.34 per $10,000 · paid last 24h −0.052%
Price spread now: Kraken Futures against Lighter−0.122%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$920.919% of the position
Funding, last 7 days−0.127%−$13 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.122%, 7d avg −0.129%
=Together, before fees−0.098%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.129%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.127%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.127% in total (about -6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.34 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4154 | 0.0096 | pay 0.0012% / 1h | 47m 03s | $838K | $243K | 10x |
| Short | Kraken Futures PF_LDOUSD | 0.4149 | 0.0365 | get 0.0046% / 1h | 47m 03s | $1.0M | $741K | 50x |
Lighter LDO
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $56.39
- Price spread: −0.122% → −0.129%
- $0.62
- Slippage, 4 orders
- −$81.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$34.91
- Costs to cover
- 0.919%
- Break-even
- 11.3 days
Slippage from Lighter: live order book, 61 min ago; Kraken Futures: live order book, 4 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, 61 min ago | 7.96 bp | 26.3 bp −$26 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.82 bp | 17.8 bp −$18 | 79.0 bp −$790 | doesn't fit | doesn't fit |
LDO on 29 exchanges
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 | −0.0384% | 1h | 0.4125 | −0.693% | $113K | $47K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | −0.0232% | 1h | 0.4145 | −0.212% | $7K | $10K | 25x | as long as short |
| Backpack LDO_USDC_PERP | −0.0006% | 1h | 0.4147 | −0.166% | $84K | $170K | 10x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4150 | −0.091% | $80K | $2K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.054% | $4K | $10 | 12x | as long as short |
| BloFin LDO-USDT | +0.0084% | 8h | 0.4148 | −0.140% | $880K | $265K | 75x | as long as short |
| Lighter LDOlong | +0.0096% | 1h | 0.4154 | long leg | $838K | $243K | 10x | |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4148 | −0.145% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4150 | −0.101% | $11.4M | $2.8M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4150 | −0.082% | $163K | $54K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
Backpack LDO_USDC_PERP
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4151 | −0.057% | $105K | $7K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4147 | −0.164% | $17.4M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4147 | −0.164% | $16.0M | $9.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4147 | −0.164% | $4.0M | $5.9M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4147 | −0.164% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4146 | −0.188% | $6.3M | $5.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4146 | −0.188% | $2.6M | $2.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4147 | −0.164% | $3.2M | $2.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4146 | −0.188% | — | $10.0M | — | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4148 | −0.129% | $198K | $51K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4147 | −0.161% | $297K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4160 | +0.149% | $31K | $632K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4148 | −0.140% | $24K | $309K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4243 | +2.147% | $2K | $1.1M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4145 | −0.209% | $251K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4145 | −0.216% | $37K | — | 3x | as long as short |
| Reya LDORUSDPERP | +0.0349% | 1h | 0.4145 | −0.218% | $289K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSDshort | +0.0365% | 1h | 0.4149 | −0.122% | $1.0M | $741K | 50x | |
| GMX LDO/USD [ETH-USDC] | L +0.0384% / S −0.0308% | 1h | 0.4147 | −0.174% | $29K | — | 100x | as long as short |
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Reya LDORUSDPERP
GMX LDO/USD [ETH-USDC]