Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against Backpack−0.024%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.024%, 7d avg −0.064%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.041% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4229 | 0.0100 | pay 0.0013% / 1h | 8m 57s | $91K | $178K | 10x |
| Short | Bybit LDOUSDT | 0.4228 | 0.0100 | get 0.0100% / 8h | 3h 08m | $16.0M | $10.0M | 50x |
Backpack LDO_USDC_PERP
Bybit LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Backpack. 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
- $0
- Price spread: −0.024% → −0.064%
- $4.07
- Slippage, 4 orders
- −$35.95
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.88
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 44 min ago; Bybit: live order book, 4 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 Backpack live order book, 44 min ago | 4.78 bp | 15.3 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.18 bp | 12.7 bp −$13 | 35.2 bp −$352 | 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 | 0.4227 | −0.047% | $118K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4236 | +0.170% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4228 | −0.024% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.814% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0086% | 8h | 0.4231 | +0.047% | $686K | $254K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4232 | +0.069% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4232 | +0.071% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4234 | +0.126% | $167K | $93K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4235 | +0.153% | $108K | $27K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4231 | +0.047% | $17.8M | $30.7M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDTshort | +0.0100% | 8h | 0.4228 | −0.024% | $16.0M | $10.0M | 50x | |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4229 | 0.000% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4230 | +0.024% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4230 | +0.024% | $7.5M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4230 | +0.024% | $2.7M | $3.6M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4230 | +0.024% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4230 | +0.024% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4229 | long leg | $91K | $178K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4235 | +0.135% | $199K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4246 | +0.395% | $302K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4250 | +0.497% | $32K | $640K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4234 | +0.106% | $21K | $246K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4333 | +2.459% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4227 | −0.050% | $254K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4229 | −0.003% | $37K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4228 | −0.027% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0342% | 1h | 0.4228 | −0.028% | $295K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0398% | 1h | 0.4234 | +0.128% | $1.1M | $658K | 50x | as long as short |
| Lighter LDO | +0.0464% | 1h | 0.4239 | +0.236% | $853K | $269K | 10x | as long as short |
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
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD
Lighter LDO