Funding you earn now, next payment 05:00 UTC−0.0360%/8h= −39.4% APRnext payment −$0.45 per $10,000 · paid last 24h −0.026%
Price spread now: Extended against Lighter−0.378%7-day average −0.272% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$540.545% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.378%, 7d avg −0.272%
=Together, before fees+0.015%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Extended is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.272%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 per $10,000. 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 | 0.4270 | 0.0464 | pay 0.0058% / 1h | 26m 33s | $874K | $250K | 10x |
| Short | Extended LDO-USD | 0.4254 | 0.0104 | get 0.0013% / 1h | 26m 33s | $255K | $1.3M | 25x |
Lighter LDO
Extended LDO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$75.6
- Price spread: −0.378% → −0.272%
- −$10.62
- Slippage, 4 orders
- −$49.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$140.68
- Costs to cover
- 0.545%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 24 min ago; Extended: live order book, 2 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, 24 min ago | 2.68 bp | 12.5 bp −$13 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 5.87 bp | 15.0 bp −$15 | 59.5 bp −$595 | 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 | −0.0352% | 1h | 0.4253 | −0.396% | $118K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4257 | −0.298% | $82K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.745% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0077% | 8h | 0.4262 | −0.185% | $907K | $252K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4255 | −0.354% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4259 | −0.248% | $11.6M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4261 | −0.198% | $168K | $100K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4259 | −0.256% | $109K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4258 | −0.275% | $17.9M | $30.5M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4255 | −0.349% | $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 | 0.4255 | −0.349% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4259 | −0.255% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4258 | −0.279% | $7.7M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4261 | −0.208% | $2.7M | $3.6M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4257 | −0.302% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4258 | −0.279% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4258 | −0.283% | $90K | $175K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4274 | +0.090% | $201K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4265 | −0.115% | $305K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4270 | +0.002% | $33K | $643K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4259 | −0.253% | $21K | $246K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4357 | +2.040% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USDshort | +0.0104% | 1h | 0.4254 | −0.378% | $255K | $1.3M | 25x | |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4258 | −0.273% | $38K | — | 3x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0220% | 1h | 0.4259 | −0.255% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4257 | −0.294% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0342% | 1h | 0.4254 | −0.372% | $297K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0395% | 1h | 0.4262 | −0.191% | $1.1M | $653K | 50x | as long as short |
| Lighter LDOlong | +0.0464% | 1h | 0.4270 | long leg | $874K | $250K | 10x |
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
Aevo LDO-PERP
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD