Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: Lighter against Gate+0.330%7-day average +0.209% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$1221.223% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.330%, 7d avg +0.209%
Together, before fees+0.194%+ Points / potential airdropLighter: Season 3 · farm board+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.121% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.209%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate LDO_USDT0.43340.0100pay 0.0100% / 8h2h 10m$1.4M$1.1M50x
ShortLighter LDO0.43480.0096get 0.0012% / 1h10m 38s$882K$266K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.84
Price spread: +0.330% → +0.209%
$12.07
Slippage, 4 orders
−$107.29
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
−$111.06
Costs to cover
1.223%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago4.62 bp27.2 bp −$27161.5 bp −$1,615doesn't fitdoesn't fit
Sell Lighter live order book, 9 min ago7.44 bp12.4 bp −$1240.6 bp −$406doesn't fitdoesn't fit

LDO on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LDO-PERP-INTX−0.0688%1h0.4290−1.015%$116K$54K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0442%1h0.4333−0.023%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD−0.0328%1h0.4337+0.063%$1.1M$556K50xas long as short
dYdX LDO-USD+0.0015%1h0.4336+0.044%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.477%$4K$1112xas long as short
BloFin LDO-USDT+0.0080%8h0.4335+0.023%$797K$229K75xas long as short
Lighter LDOshort+0.0096%1h0.4348+0.330%$882K$266K10x
Paradex LDO-USD-PERP+0.0100%8h0.4332−0.050%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4338+0.095%$12.1M$3.7M5xas long as short
Aster LDOUSDT+0.0100%8h0.4334+0.009%$170K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4333−0.023%$111K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4333−0.023%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4331−0.069%$16.8M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4329−0.115%$4.1M$9.1M50xas long as short
Gate LDO_USDTlong+0.0100%8h0.4334long leg$1.4M$1.1M50x
MEXC LDO_USDT+0.0100%8h0.4333−0.023%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.43340.000%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.43340.000%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4332−0.046%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4334−0.002%$86K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4352+0.422%$203K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4339+0.115%$308K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4350+0.369%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.43340.000%$22K$739K5xas long as short
SunX LDO-USDT+0.0100%8h0.4432+2.261%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4331−0.070%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4334−0.008%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4333−0.020%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4331−0.073%$302K15xas long as short