Funding you earn now, next payment 10:00 UTC−0.0480%/8h= −52.6% APRnext payment −$0.60 per $10,000 · paid last 24h −0.328%
Price spread now: Coinbase International against Lighter−0.372%7-day average −0.288% · you buy dearer than you sell
Net, funding: paid 7d − costs−$507as in the Funding arb table
Net, price: spread back to 7d avg − costs−$436as in the Price arb table
costs, in and out, $10k−$4274.274% of the position
Funding, last 7 days−0.797%−$80 on $10k
+Price spread, last 4 days (all we have)+0.367%+$37 · spread now −0.372%, 7d avg −0.288%
=Together, before fees−0.430%+ Points / potential airdropLighter: Season 3 · farm board−$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Coinbase International is 0.085% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.288%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4162 | 0.0096 | pay 0.0012% / 1h | 52m 27s | $839K | $243K | 10x |
| Short | Coinbase International LDO-PERP-INTX | 0.4146 | −0.0384 | pay 0.0048% / 1h | 52m 27s | $114K | $47K | 50x |
Lighter LDO
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$100.8
- Price spread: −0.372% → −0.288%
- −$8.48
- Slippage, 4 orders
- −$417.44
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$536.72
- Costs to cover
- 4.274%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 55 min ago; Coinbase International: live order book, 58 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, 55 min ago | 7.96 bp | 26.3 bp −$26 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 58 min ago | 14.40 bp | 270.4 bp −$270 | doesn't fit | 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-INTXshort | −0.0384% | 1h | 0.4146 | −0.372% | $114K | $47K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4157 | −0.108% | $80K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4158 | −0.084% | $7K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.238% | $4K | $10 | 12x | as long as short |
| BloFin LDO-USDT | +0.0078% | 8h | 0.4157 | −0.108% | $878K | $266K | 75x | as long as short |
| Backpack LDO_USDC_PERP | +0.0094% | 1h | 0.4156 | −0.127% | $86K | $171K | 10x | as long as short |
| Lighter LDOlong | +0.0096% | 1h | 0.4162 | long leg | $839K | $243K | 10x | |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4153 | −0.213% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4157 | −0.101% | $11.4M | $2.8M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4160 | −0.036% | $163K | $54K | 10x | as long as short |
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Backpack LDO_USDC_PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDTShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4156 | −0.134% | $105K | $7K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4156 | −0.132% | $17.5M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4154 | −0.180% | $16.0M | $9.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4155 | −0.156% | $4.0M | $6.0M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4157 | −0.108% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4157 | −0.108% | $6.3M | $5.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4154 | −0.180% | $2.6M | $2.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4152 | −0.228% | $3.2M | $2.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4154 | −0.180% | — | $10.0M | — | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4160 | −0.025% | $198K | $51K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4160 | −0.032% | $294K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4160 | −0.036% | $31K | $632K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4156 | −0.123% | $24K | $309K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4255 | +2.247% | $1K | $1.1M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4152 | −0.225% | $251K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4158 | −0.084% | $37K | — | 3x | as long as short |
| Reya LDORUSDPERP | +0.0349% | 1h | 0.4152 | −0.228% | $290K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0363% | 1h | 0.4162 | +0.004% | $1.0M | $744K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0384% / S −0.0308% | 1h | 0.4159 | −0.069% | $29K | — | 100x | as long as short |
Pacifica LDO
Binance LDOUSDT
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
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]