Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%
Price spread now: GRVT against Backpack−0.269%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 4 days (all we have)+0.694%+$69 · spread now −0.269%, 7d avg +0.014%
=Together, before fees+0.855%+ Points / potential airdropGRVT: Active · farm board+$86 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.283% cheaper against Backpack than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4293 | 0.0100 | pay 0.0013% / 1h | 10m 22s | $88K | $156K | 10x |
| Short | GRVT LDO_USDT_Perp | 0.4281 | 0.0100 | get 0.0100% / 8h | 6h 10m | $302K | $3.4M | 10x |
Backpack LDO_USDC_PERP
GRVT LDO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.269% → +0.014%
- −$28.26
- Slippage, 4 orders
- −$46.71
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$93.97
- Costs to cover
- 0.657%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 58 min ago; GRVT: 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 Backpack live order book, 58 min ago | 1.27 bp | 12.8 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 1.17 bp | 12.2 bp −$12 | 62.9 bp −$629 | doesn't fit | doesn't fit |
LDO on 28 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 | 0.4259 | −0.780% | $119K | $44K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4284 | −0.193% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4282 | −0.245% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.252% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0099% | 8h | 0.4285 | −0.180% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4287 | −0.123% | $11.7M | $3.7M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4290 | −0.061% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4287 | −0.129% | $110K | $159K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4285 | −0.177% | $17.9M | $33.1M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4279 | −0.315% | $16.1M | $10.8M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4279 | −0.315% | $4.0M | $7.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4286 | −0.151% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4283 | −0.221% | $7.6M | $7.2M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4287 | −0.128% | $2.7M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4284 | −0.198% | $3.3M | $3.3M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4284 | −0.198% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4293 | long leg | $88K | $156K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4287 | −0.134% | $201K | $70K | — | as long as short |
| GRVT LDO_USDT_Perpshort | +0.0100% | 8h | 0.4281 | −0.269% | $302K | $3.4M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | −0.291% | $33K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4287 | −0.135% | $23K | $717K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4393 | +2.341% | $2K | $1.3M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4279 | −0.316% | $259K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4282 | −0.250% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0272% | 1h | 0.4295 | +0.063% | $872K | $268K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4281 | −0.258% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0338% | 1h | 0.4282 | −0.249% | $299K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0562% | 1h | 0.4286 | −0.150% | $1.2M | $774K | 50x | as long as short |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Variational Omni LDO
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD