# Utilizing Market Opportunities: stETH / LDO trade **URL:** \ **Category:** Proposals\ **Created:** [March 27, 2026, 2:41pm UTC](https://research.lido.fi/t/utilizing-market-opportunities-steth-ldo-trade/11358 "2026-03-27T14:41:43Z")\ **Posts on this page:** 1\ **Showing post:** 108
**Author:** ![lidoecosystem-ops](https://avatars.discourse-cdn.com/v4/letter/l/a88e57/32.png) [@lidoecosystem-ops](https://research.lido.fi/u/lidoecosystem-ops)\ **Post date:** [September 25, 2026, 7:38am UTC](https://research.lido.fi/t/utilizing-market-opportunities-steth-ldo-trade/11358/108 "2026-09-25T07:38:39Z")
**Batch 3 (Phase II):** 680 stETH at or below LDO/ETH 0.000153 **Execution Statistics** **volume weighted av. LDO/ETH execution ratio** (before fees) **:** 0.000148 **volume weighted av. LDO/USD execution price** (before fees) **:** $0.37 **LDO acquired (after fees) | 3. Batch (Phase II):** 4,583,558.65 **Used Budget | 3. batch (stETH):** 680 **Residual Budget | 3. batch (stETH):** 0 **Total Available Budget under the Program (stETH):** 7,000 **Tx Hash returned LDO & stETH (yield):** [0x60ccdd81c55a4e2dad9b5c6c6634f0f8a892f1e1f8dd7cf932216ccee75aeee3](https://etherscan.io/tx/0x60ccdd81c55a4e2dad9b5c6c6634f0f8a892f1e1f8dd7cf932216ccee75aeee3) ![Aug. 31 - Sept. 23, 2026 LDOETH ratio](https://europe1.discourse-cdn.com/flex013/uploads/lido/original/2X/a/af688f0e722eddfd7972e2cd691ae59f77e841d0.png) **LDO/ETH ratio over execution period (Aug. 31, 2026 - Sept. 23, 2026), source [Coingecko](https://www.coingecko.com/en/coins/lido-dao/eth?chart=type%3Dprice%26mode%3Dline%26from%3D1788120000000%26to%3D1790193599999)** Overall, the 3. Batch was executed within the the given Price Cap. On an individual trade level, some trades have been executed above the Price Cap but overall within the 3% Slippage Threshold. --- _[View the full topic](https://research.lido.fi/t/utilizing-market-opportunities-steth-ldo-trade/11358)._