Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Gate against Backpack−0.068%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$830.831% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.068%, 7d avg −0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.043% cheaper against Backpack than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4273 | 0.0100 | pay 0.0013% / 1h | 57m 22s | $93K | $176K | 10x |
| Short | Gate LDO_USDT | 0.4270 | 0.0100 | get 0.0100% / 8h | 4h 57m | $1.5M | $1.0M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.068% → −0.024%
- −$4.35
- Slippage, 4 orders
- −$58.14
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.49
- Costs to cover
- 0.831%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 1 min ago; Gate: live order book, 5 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, 1 min ago | 2.58 bp | 13.2 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.50 bp | 26.7 bp −$27 | 176.0 bp −$1,760 | 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 | −0.0416% | 1h | 0.4304 | +0.728% | $120K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4271 | −0.041% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4277 | +0.096% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.812% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0075% | 8h | 0.4281 | +0.190% | $920K | $253K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4263 | −0.234% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4274 | +0.014% | $11.7M | $3.2M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4270 | −0.067% | $168K | $116K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4269 | −0.100% | $110K | $86K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4274 | +0.021% | $17.9M | $31.0M | 75x | as long as short |
Show all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4272 | −0.021% | $16.1M | $10.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4274 | +0.026% | $4.0M | $6.9M | 50x | as long as short |
| Gate LDO_USDTshort | +0.0100% | 8h | 0.4270 | −0.068% | $1.5M | $1.0M | 50x | |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4271 | −0.044% | $7.7M | $6.4M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4268 | −0.115% | $2.7M | $3.8M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4269 | −0.091% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4271 | −0.044% | — | $9.9M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4273 | long leg | $93K | $176K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4284 | +0.251% | $202K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4281 | +0.198% | $301K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4290 | +0.400% | $33K | $641K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4273 | +0.005% | $23K | $516K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4381 | +2.530% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4263 | −0.225% | $257K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4277 | +0.088% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0176% | 1h | 0.4276 | +0.084% | $869K | $265K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4274 | +0.023% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0340% | 1h | 0.4270 | −0.077% | $298K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0493% | 1h | 0.4280 | +0.167% | $1.2M | $683K | 50x | as long as short |
Backpack LDO_USDC_PERP
Gate LDO_USDT
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
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
Lighter LDO
GMX LDO/USD [ETH-USDC]
Kraken Futures PF_LDOUSD