Funding you earn now, next payment 03:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h −0.048%
Price spread now: Deribit against Binance+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.036% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LDOUSDT | 0.4289 | 0.0100 | pay 0.0100% / 8h | 5h 42m | $17.9M | $32.0M | 75x |
| Short | Deribit LDO_USDC-PERPETUAL | 0.4291 | 0.0216 | get 0.0027% / 1h | 42m 44s | $7K | $20K | 25x |
Binance LDOUSDT
Deribit LDO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- $24.43
- Price spread: +0.036% → 0.000%
- $3.63
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $11.06
- Costs to cover
- 0.170%
- Break-even
- 3.8 days
Slippage unknown: Binance: live order book, 14 min ago; Deribit: 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 Binance live order book, 14 min ago | 2.32 bp | 10.1 bp −$10 | 23.6 bp −$236 | 245.5 bp −$24.6K | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: 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 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 | −0.0512% | 1h | 0.4259 | −0.710% | $119K | $43K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4287 | −0.053% | $83K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.183% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4286 | −0.069% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4292 | +0.053% | $11.7M | $3.3M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4293 | +0.083% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4291 | +0.032% | $110K | $131K | 10x | as long as short |
| Binance LDOUSDTlong | +0.0100% | 8h | 0.4289 | long leg | $17.9M | $32.0M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4286 | −0.080% | $16.1M | $10.5M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4287 | −0.057% | $4.0M | $7.2M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4288 | −0.034% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4289 | −0.010% | $7.8M | $6.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4289 | −0.010% | $2.7M | $4.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4287 | −0.057% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4288 | −0.034% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4290 | +0.025% | $90K | $142K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4268 | −0.506% | $200K | $68K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4268 | −0.497% | $303K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | −0.220% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4287 | −0.050% | $23K | $686K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4391 | +2.368% | $2K | $1.2M | 20x | as long as short |
| BloFin LDO-USDT | +0.0103% | 8h | 0.4290 | +0.013% | $919K | $256K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4286 | −0.072% | $258K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4290 | +0.019% | $38K | — | 3x | as long as short |
| Deribit LDO_USDC-PERPETUALshort | +0.0216% | 1h | 0.4291 | +0.036% | $7K | $20K | 25x | |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4289 | −0.013% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4286 | −0.078% | $299K | — | 15x | as long as short |
| Lighter LDO | +0.0392% | 1h | 0.4299 | +0.227% | $873K | $265K | 10x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0575% | 1h | 0.4294 | +0.104% | $1.2M | $711K | 50x | as long as short |
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO
Kraken Futures PF_LDOUSD