LDO

Alert

Funding spread now, next payment 15:00 UTC+0.0227%/8h

next payment, per $10,000+$0.28paid, last 24h+0.062%paid, last 3 days+0.026%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.026% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.28 per $10,000. 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	Lighter LDO	0.4343	0.0096	pay 0.0012% / 1h	27m 41s	$881K	$276K	10x
Short	Reya LDORUSDPERP	0.4330	0.0323	get 0.0040% / 1h	27m 41s	$302K	—	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee ReyabpOrdersRate

Funding earned: $47.66
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $41.66
Break-even: 0.9 days

Slippage unknown: Lighter: live order book, 24 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.295%
Avg gap 7d: −0.227%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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, 24 min ago	3.95 bp	24.8 bp −$25	81.3 bp −$813	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.1016%	1h	$115K	$32K	50x	as long as short
Injective LDO/USDC PERP	−0.0430%	1h	$4K	$177K	12x	as long as short
Deribit LDO_USDC-PERPETUAL	−0.0212%	1h	$3K	$10K	25x	as long as short
Kraken Futures PF_LDOUSD	−0.0086%	1h	$1.1M	$547K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	$83K	$17K	5x	as long as short
Bybit LDOUSDT	+0.0058%	8h	$16.5M	$12.4M	50x	as long as short
BloFin LDO-USDT	+0.0078%	8h	$828K	$152K	75x	as long as short
Variational Omni LDO	+0.0085%	8h	$222K	$154K	—	as long as short
Lighter LDOlong	+0.0096%	1h	$881K	$276K	10x
Paradex LDO-USD-PERP	+0.0100%	8h	$3K	$56	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid LDO	+0.0100%	1h	$12.4M	$3.5M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	$168K	$312K	10x	as long as short
Pacifica LDO	+0.0100%	1h	$111K	$188K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	$17.9M	$37.9M	75x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.0M	$9.5M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$10.2M	$7.4M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.5M	$4.0M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.4M	$3.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$4.8M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	$88K	$188K	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$33K	$647K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	$27K	$1.5M	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$260K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$38K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0298% / S −0.0175%	1h	$24K	—	100x	as long as short
Reya LDORUSDPERPshort	+0.0323%	1h	$302K	—	15x