Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.417%
Price spread now: Injective against Backpack−3.972%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.273%−$127 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.972% cheaper against Backpack than usual: you would sell low and buy high (−$397 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4280 | 0.0100 | pay 0.0013% / 1h | 9m 51s | $88K | $156K | 10x |
| Short | Injective LDO/USDC PERP | 0.4110 | 0.0033 | get 0.0004% / 1h | 9m 51s | $4K | $13 | 12x |
Backpack LDO_USDC_PERP
Injective LDO/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −3.972% → 0.000%
- −$397.2
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$421.22
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 58 min ago; Injective: no order-book sample. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.491% | $119K | $44K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4284 | +0.099% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4282 | +0.047% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERPshort | +0.0033% | 1h | 0.4110 | −3.972% | $4K | $13 | 12x | |
| Paradex LDO-USD-PERP | +0.0099% | 8h | 0.4285 | +0.111% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4283 | +0.058% | $11.7M | $3.4M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4285 | +0.127% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4287 | +0.163% | $110K | $159K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4281 | +0.013% | $17.9M | $33.1M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4278 | −0.047% | $16.1M | $10.8M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
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 | 0.4278 | −0.047% | $4.0M | $7.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4285 | +0.117% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4280 | 0.000% | $7.6M | $7.2M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4283 | +0.070% | $2.7M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4283 | +0.070% | $3.3M | $3.3M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4282 | +0.047% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4280 | long leg | $88K | $156K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4287 | +0.158% | $201K | $70K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4281 | +0.023% | $302K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | 0.000% | $33K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4287 | +0.157% | $23K | $717K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4393 | +2.640% | $2K | $1.3M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4276 | −0.101% | $259K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4282 | +0.042% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0272% | 1h | 0.4287 | +0.168% | $871K | $268K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4281 | +0.033% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0338% | 1h | 0.4282 | +0.042% | $299K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0562% | 1h | 0.4286 | +0.142% | $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
GRVT LDO_USDT_Perp
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