Funding you earn now, next payment 06:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.031%
Price spread now: Lighter against Pacifica+0.200%7-day average +0.161% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$560.562% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.200%, 7d avg +0.161%
=Together, before fees−0.050%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.039% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.161%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 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 | Pacifica LDO | 0.4205 | 0.0100 | pay 0.0013% / 1h | 33m 00s | $107K | $27K | 10x |
| Short | Lighter LDO | 0.4213 | 0.0328 | get 0.0041% / 1h | 33m 00s | $849K | $265K | 10x |
Pacifica LDO
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- $47.88
- Price spread: +0.200% → +0.161%
- $3.88
- Slippage, 4 orders
- −$48.15
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$4.4
- Costs to cover
- 0.562%
- Break-even
- 7.6 days
Slippage from Pacifica: live order book, 14 min ago; Lighter: live order book, 12 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 Pacifica live order book, 14 min ago | 5.91 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 5.32 bp | 9.8 bp −$10 | 33.1 bp −$331 | 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-INTX | −0.0464% | 1h | 0.4196 | −0.211% | $117K | $40K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4211 | +0.153% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4206 | +0.027% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.256% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4199 | −0.128% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4208 | +0.077% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4209 | +0.110% | $166K | $91K | 10x | as long as short |
| Pacifica LDOlong | +0.0100% | 1h | 0.4205 | long leg | $107K | $27K | 10x | |
| Binance LDOUSDT | +0.0100% | 8h | 0.4206 | +0.031% | $17.7M | $30.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4205 | +0.003% | $15.9M | $10.1M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Binance LDOUSDT
Bybit LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4206 | +0.027% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4207 | +0.050% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4206 | +0.027% | $7.2M | $5.8M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4208 | +0.074% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4203 | −0.045% | $3.2M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4207 | +0.050% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4207 | +0.060% | $89K | $180K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4215 | +0.237% | $198K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4217 | +0.288% | $304K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4220 | +0.360% | $32K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4206 | +0.020% | $26K | $368K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4304 | +2.357% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4204 | −0.024% | $253K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4205 | −0.004% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0130% | 8h | 0.4210 | +0.122% | $897K | $256K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4204 | −0.015% | $23K | — | 100x | as long as short |
| Lighter LDOshort | +0.0328% | 1h | 0.4213 | +0.200% | $849K | $265K | 10x | |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4203 | −0.053% | $293K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0601% | 1h | 0.4208 | +0.072% | $1.1M | $655K | 50x | as long as short |
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
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD