Funding you earn now, next payment 05:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.027%
Price spread now: Gate against Lighter−0.157%7-day average −0.209% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$730.734% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now −0.157%, 7d avg −0.209%
=Together, before fees−0.297%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.053% dearer against Lighter than usual: you sell high and buy low (spread −0.157% now, against its 7-day average of −0.209%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.093% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.093% in total (about -4.9% 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 | 0.4275 | 0.0464 | pay 0.0058% / 1h | 29m 06s | $875K | $249K | 10x |
| Short | Gate LDO_USDT | 0.4268 | 0.0100 | get 0.0100% / 8h | 3h 29m | $1.5M | $1.0M | 50x |
Lighter LDO
Gate LDO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$76.44
- Price spread: −0.157% → −0.209%
- $5.27
- Slippage, 4 orders
- −$58.4
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$144.56
- Costs to cover
- 0.734%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 21 min ago; Gate: live order book, 3 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, 21 min ago | 2.68 bp | 12.5 bp −$13 | 67.1 bp −$671 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.35 bp | 25.5 bp −$26 | 200.1 bp −$2,001 | 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 | −0.508% | $118K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4265 | −0.222% | $82K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.853% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4260 | −0.346% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4268 | −0.168% | $11.6M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4267 | −0.178% | $168K | $100K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4268 | −0.161% | $110K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4265 | −0.222% | $17.9M | $30.5M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4263 | −0.274% | $16.1M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4263 | −0.274% | $4.0M | $6.8M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDTshort | +0.0100% | 8h | 0.4268 | −0.157% | $1.5M | $1.0M | 50x | |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4264 | −0.250% | $7.7M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4267 | −0.180% | $2.7M | $3.6M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4261 | −0.320% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4267 | −0.180% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4265 | −0.229% | $91K | $175K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4274 | −0.022% | $201K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4275 | +0.013% | $306K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4270 | −0.110% | $33K | $643K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4267 | −0.178% | $21K | $246K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4363 | +2.066% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4261 | −0.332% | $255K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4265 | −0.236% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0115% | 8h | 0.4265 | −0.227% | $911K | $252K | 75x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0219% | 1h | 0.4265 | −0.227% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4264 | −0.249% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0342% | 1h | 0.4262 | −0.297% | $297K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0394% | 1h | 0.4268 | −0.168% | $1.1M | $653K | 50x | as long as short |
| Lighter LDOlong | +0.0464% | 1h | 0.4275 | long leg | $875K | $249K | 10x |
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
BloFin LDO-USDT
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD