Funding you earn now, next payment 01:00 UTC+0.0524%/8h= +57.4% APRnext payment +$0.66 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Polymarket Perps+0.095%7-day average +0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days+0.345%+$34 on $10k
+Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.095%, 7d avg +0.165%
=Together, before fees+0.382%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.070% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.095% now, against its 7-day average of +0.165%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.345% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.345% in total (about 18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.66 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 | Polymarket Perps LDO-USD | 0.4311 | 0.0100 | pay 0.0013% / 1h | 30m 52s | $23K | $736K | 5x |
| Short | Lighter LDO | 0.4315 | 0.0624 | get 0.0078% / 1h | 30m 52s | $876K | $267K | 10x |
Polymarket Perps LDO-USD
Lighter LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket Perps. 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
- $110.04
- Price spread: +0.095% → +0.165%
- −$7.01
- Slippage, 4 orders
- −$36.72
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $58.31
- Costs to cover
- 0.447%
- Break-even
- 3.3 days
Slippage from Polymarket Perps: live order book, 42 min ago; Lighter: live order book, 39 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 Polymarket Perps live order book, 42 min ago | 2.80 bp | 6.9 bp −$7 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 5.34 bp | 10.7 bp −$11 | 41.7 bp −$417 | 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 | −0.0752% | 1h | 0.4300 | −0.257% | $117K | $53K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4303 | −0.193% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.665% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4307 | −0.087% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4308 | −0.079% | $12.0M | $4.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4308 | −0.080% | $169K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4310 | −0.022% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4305 | −0.137% | $18.1M | $38.0M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4302 | −0.211% | $16.3M | $12.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4302 | −0.211% | $4.1M | $9.1M | 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_USDT | +0.0100% | 8h | 0.4304 | −0.165% | $1.4M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4305 | −0.141% | $7.9M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4305 | −0.141% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4305 | −0.141% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4304 | −0.165% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4304 | −0.155% | $87K | $148K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4302 | −0.215% | $201K | $81K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4301 | −0.234% | $306K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4310 | −0.026% | $35K | $644K | 50x | as long as short |
| Polymarket Perps LDO-USDlong | +0.0100% | 1h | 0.4311 | long leg | $23K | $736K | 5x | |
| SunX LDO-USDT | +0.0100% | 8h | 0.4407 | +2.224% | $2K | $1.5M | 20x | as long as short |
| BloFin LDO-USDT | +0.0100% | 8h | 0.4307 | −0.095% | $791K | $221K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4301 | −0.226% | $263K | $1.6M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4306 | −0.113% | $38K | — | 3x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0197% | 1h | 0.4309 | −0.043% | $1.1M | $525K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4305 | −0.148% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0336% | 1h | 0.4304 | −0.173% | $300K | — | 15x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0447% | 1h | 0.4308 | −0.072% | $3K | $10K | 25x | as long as short |
| Lighter LDOshort | +0.0624% | 1h | 0.4315 | +0.095% | $876K | $267K | 10x |
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
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Deribit LDO_USDC-PERPETUAL