Funding you earn now, next payment 10:00 UTC+0.0480%/8h= +52.6% APRnext payment +$0.60 per $10,000 · paid last 24h +0.340%
Price spread now: Lighter against Coinbase International+0.576%7-day average +0.288% · you sell dearer than you buy
Net, funding: paid 7d − costs−$347as in the Funding arb table
Net, price: spread back to 7d avg − costs−$399as in the Price arb table
costs, in and out, $10k−$4274.274% of the position
Funding, last 7 days+0.801%+$80 on $10k
+Price spread, last 4 days (all we have)−0.571%−$57 · spread now +0.576%, 7d avg +0.288%
=Together, before fees+0.229%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.289% dearer against Coinbase International than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.288%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International LDO-PERP-INTX | 0.4146 | −0.0384 | get 0.0048% / 1h | 55m 27s | $114K | $47K | 50x |
| Short | Lighter LDO | 0.4170 | 0.0096 | get 0.0012% / 1h | 55m 27s | $841K | $243K | 10x |
Coinbase International LDO-PERP-INTX
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- $100.8
- Price spread: +0.576% → +0.288%
- $28.88
- Slippage, 4 orders
- −$417.44
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$297.76
- Costs to cover
- 4.274%
- Break-even
- 27.7 days
Slippage from Coinbase International: live order book, 55 min ago; Lighter: live order book, 52 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 Coinbase International live order book, 55 min ago | 14.40 bp | 121.5 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 min ago | 7.96 bp | 9.2 bp −$9 | 48.0 bp −$480 | 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-INTXlong | −0.0384% | 1h | 0.4146 | long leg | $114K | $47K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4162 | +0.384% | $80K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4162 | +0.386% | $7K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −0.868% | $4K | $10 | 12x | as long as short |
| BloFin LDO-USDT | +0.0090% | 8h | 0.4174 | +0.675% | $881K | $267K | 75x | as long as short |
| Lighter LDOshort | +0.0096% | 1h | 0.4170 | +0.576% | $841K | $243K | 10x | |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4161 | +0.350% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4163 | +0.405% | $11.4M | $2.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4165 | +0.454% | $163K | $53K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4163 | +0.420% | $105K | $7K | 10x | as long as short |
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4160 | +0.343% | $17.5M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4159 | +0.314% | $16.0M | $9.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4160 | +0.338% | $4.0M | $6.0M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4163 | +0.410% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4161 | +0.362% | $6.3M | $5.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4163 | +0.410% | $2.6M | $2.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4160 | +0.338% | $3.2M | $2.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4160 | +0.338% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4163 | +0.417% | $86K | $170K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4160 | +0.348% | $198K | $51K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4167 | +0.508% | $295K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4170 | +0.579% | $31K | $632K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4163 | +0.410% | $24K | $309K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4262 | +2.798% | $1K | $1.1M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4160 | +0.347% | $251K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4163 | +0.398% | $37K | — | 3x | as long as short |
| Reya LDORUSDPERP | +0.0349% | 1h | 0.4158 | +0.296% | $290K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0363% | 1h | 0.4165 | +0.455% | $1.0M | $743K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0384% / S −0.0308% | 1h | 0.4163 | +0.407% | $29K | — | 100x | as long as short |
Binance LDOUSDT
Bybit 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
Extended LDO-USD
Aevo LDO-PERP
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]