Funding you earn now, next payment 20:00 UTC−0.0204%/8hpaid last 24h −0.001%
Price spread now: Binance against Lighter−0.197%7-day average −0.168% · you buy dearer than you sell
to open and close $10k−$66fees + slippage, both legs, in and out
costs, in % of the position0.662%what the two incomes have to cover
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.197%, 7d avg −0.168%
=Together, before fees−0.105%+ Points / potential airdropLighter: Season 3 · farm board−$10 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 Binance is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.168%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment. 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 | 0.4325 | 0.0304 | pay 0.0038% / 1h | 40m 48s | $879K | $260K | 10x |
| Short | Binance LDOUSDT | 0.4316 | 0.0100 | get 0.0100% / 8h | 4h 40m | $18.0M | $38.4M | 75x |
Lighter LDO
Binance LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- −$42.84
- Price spread: −0.197% → −0.168%
- −$2.91
- Slippage, 4 orders
- −$56.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$111.92
- Costs to cover
- 0.662%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; Binance: live order book, 10 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 Lighter live order book, 9 min ago | 5.33 bp | 33.8 bp −$34 | 72.5 bp −$725 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.16 bp | 9.1 bp −$9 | 17.3 bp −$173 | 116.4 bp −$11.6K | 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 | −0.1112% | 1h | 0.4296 | −0.664% | $116K | $52K | 50x | as long as short |
| Backpack LDO_USDC_PERP | −0.0490% | 1h | 0.4316 | −0.190% | $87K | $196K | 10x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0255% | 1h | 0.4317 | −0.180% | $1.1M | $531K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4314 | −0.257% | $83K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4316 | −0.201% | $3K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.265% | $4K | $28K | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4313 | −0.272% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4320 | −0.099% | $12.0M | $3.4M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4319 | −0.142% | $166K | $146K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4315 | −0.224% | $111K | $185K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Backpack LDO_USDC_PERP
Kraken Futures PF_LDOUSD
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDTshort | +0.0100% | 8h | 0.4316 | −0.197% | $18.0M | $38.4M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4314 | −0.247% | $16.7M | $13.1M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4313 | −0.271% | $4.0M | $9.3M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4315 | −0.224% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4316 | −0.201% | $9.2M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4317 | −0.178% | $2.7M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4312 | −0.294% | $3.3M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4315 | −0.224% | — | $3.9M | — | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4301 | −0.538% | $201K | $125K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4315 | −0.227% | $302K | $3.6M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4320 | −0.109% | $32K | $645K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4318 | −0.164% | $23K | $692K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4414 | +2.065% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4312 | −0.289% | $259K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4315 | −0.213% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0105% | 8h | 0.4315 | −0.224% | $804K | $215K | 75x | as long as short |
| Lighter LDOlong | +0.0304% | 1h | 0.4325 | long leg | $879K | $260K | 10x | |
| GMX LDO/USD [ETH-USDC] | L +0.0314% / S −0.0196% | 1h | 0.4316 | −0.198% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0329% | 1h | 0.4313 | −0.278% | $301K | — | 15x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
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