Funding you earn now, next payment 11:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.084%
Price spread now: Deribit against Lighter−0.185%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.185% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter LDO | 0.4164 | 0.0096 | pay 0.0012% / 1h | 51m 53s | $840K | $243K | 10x |
| Short | Deribit LDO_USDC-PERPETUAL | 0.4156 | 0 | get 0.0000% / 1h | 51m 53s | $7K | $10K | 25x |
Lighter LDO
Deribit LDO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: −0.185% → 0.000%
- −$18.49
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$45.65
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 56 min ago; Deribit: no order-book sample. Net counts fees only.
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, 56 min ago | 7.96 bp | 26.3 bp −$26 | 66.9 bp −$669 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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-INTX | −0.0384% | 1h | 0.4146 | −0.425% | $114K | $47K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4157 | −0.161% | $80K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUALshort | 0.0000% | 1h | 0.4156 | −0.185% | $7K | $10K | 25x | |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.290% | $4K | $10 | 12x | as long as short |
| Backpack LDO_USDC_PERP | +0.0077% | 1h | 0.4157 | −0.173% | $85K | $171K | 10x | as long as short |
| BloFin LDO-USDT | +0.0078% | 8h | 0.4157 | −0.161% | $878K | $266K | 75x | as long as short |
| Lighter LDOlong | +0.0096% | 1h | 0.4164 | long leg | $840K | $243K | 10x | |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4153 | −0.266% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4159 | −0.108% | $11.4M | $2.8M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4158 | −0.132% | $163K | $54K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Backpack LDO_USDC_PERP
BloFin LDO-USDT
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 | −0.187% | $105K | $7K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4152 | −0.271% | $17.5M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4150 | −0.329% | $16.0M | $9.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4150 | −0.329% | $4.0M | $5.9M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4157 | −0.161% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4154 | −0.233% | $6.3M | $5.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4156 | −0.185% | $2.6M | $2.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4154 | −0.233% | $3.2M | $2.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4153 | −0.257% | — | $10.0M | — | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4160 | −0.078% | $198K | $51K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4160 | −0.085% | $294K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4160 | −0.089% | $31K | $632K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4156 | −0.175% | $24K | $309K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4252 | +2.121% | $1K | $1.1M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4151 | −0.296% | $251K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4156 | −0.185% | $37K | — | 3x | as long as short |
| Reya LDORUSDPERP | +0.0349% | 1h | 0.4152 | −0.280% | $290K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0364% | 1h | 0.4159 | −0.123% | $1.0M | $744K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0384% / S −0.0308% | 1h | 0.4157 | −0.156% | $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]