Funding you earn now, next payment 07:00 UTC−0.0187%/8h= −20.5% APRnext payment −$0.23 per $10,000 · paid last 24h +0.042%
Price spread now: Lighter against Kraken Futures+0.031%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.031%, 7d avg +0.124%
=Together, before fees+0.174%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.093% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.124%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.136%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_LDOUSD | 0.4235 | 0.0379 | pay 0.0047% / 1h | 23m 30s | $1.1M | $712K | 50x |
| Short | Lighter LDO | 0.4236 | 0.0192 | get 0.0024% / 1h | 23m 30s | $854K | $272K | 10x |
Kraken Futures PF_LDOUSD
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- −$39.34
- Price spread: +0.031% → +0.124%
- −$9.31
- Slippage, 4 orders
- −$82.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$140.85
- Costs to cover
- 0.922%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Lighter: live order book, 16 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 Kraken Futures live order book, 5 min ago | 7.12 bp | 37.1 bp −$37 | 151.1 bp −$1,511 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 16 min ago | 4.26 bp | 10.8 bp −$11 | 42.7 bp −$427 | 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 | −0.0648% | 1h | 0.4193 | −0.992% | $117K | $40K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4225 | −0.238% | $82K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.952% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0074% | 8h | 0.4231 | −0.094% | $892K | $259K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4224 | −0.257% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4232 | −0.073% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4227 | −0.178% | $166K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4230 | −0.118% | $107K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4226 | −0.202% | $17.7M | $30.8M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4224 | −0.260% | $16.0M | $9.9M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
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 | 0.4224 | −0.260% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4230 | −0.118% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4227 | −0.189% | $6.7M | $6.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4228 | −0.165% | $2.7M | $3.4M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4227 | −0.189% | $3.3M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4228 | −0.165% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4230 | −0.120% | $89K | $177K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4230 | −0.124% | $197K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4220 | −0.344% | $301K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4220 | −0.354% | $31K | $637K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4228 | −0.156% | $22K | $376K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4331 | +2.267% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4223 | −0.290% | $254K | $1.1M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4231 | −0.086% | $37K | — | 3x | as long as short |
| Lighter LDOshort | +0.0192% | 1h | 0.4236 | +0.031% | $854K | $272K | 10x | |
| Deribit LDO_USDC-PERPETUAL | +0.0223% | 1h | 0.4234 | −0.024% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4228 | −0.156% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0344% | 1h | 0.4233 | −0.038% | $295K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSDlong | +0.0379% | 1h | 0.4235 | long leg | $1.1M | $712K | 50x |
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
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP