Funding you earn now, next payment 02:00 UTC−0.0612%/8h= −67.0% APRpaid last 24h −0.325%
Price spread now: Coinbase International against Bitget−0.440%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days−0.736%−$74 on $10k
+Price spread, last 4 days (all we have)+0.717%+$72 · spread now −0.440%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Coinbase International is 0.407% cheaper against Bitget than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget LDOUSDT | 0.4323 | 0.0100 | pay 0.0100% / 8h | 5h 18m | $3.4M | $3.2M | 75x |
| Short | Coinbase International LDO-PERP-INTX | 0.4304 | −0.0512 | pay 0.0064% / 1h | 18m 14s | $120K | $41K | 50x |
Bitget LDOUSDT
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- −$128.52
- Price spread: −0.440% → −0.033%
- −$40.65
- Slippage, 4 orders
- −$52.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$243.83
- Costs to cover
- 0.747%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 44 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 Bitget live order book, 5 min ago | 3.47 bp | 14.6 bp −$15 | 38.2 bp −$382 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 44 min ago | 13.96 bp | 19.0 bp −$19 | doesn't fit | 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-INTXshort | −0.0512% | 1h | 0.4304 | −0.440% | $120K | $41K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4320 | −0.069% | $83K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.927% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0072% | 8h | 0.4327 | +0.093% | $917K | $256K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4323 | −0.005% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4328 | +0.109% | $11.8M | $3.3M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4326 | +0.069% | $170K | $116K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4326 | +0.060% | $111K | $86K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4326 | +0.061% | $18.2M | $31.2M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4321 | −0.046% | $16.2M | $10.0M | 50x | as long as short |
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4321 | −0.046% | $4.0M | $7.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4325 | +0.046% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4324 | +0.023% | $7.9M | $7.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4325 | +0.046% | $2.8M | $3.9M | 50x | as long as short |
| Bitget LDOUSDTlong | +0.0100% | 8h | 0.4323 | long leg | $3.4M | $3.2M | 75x | |
| BingX LDO-USDT | +0.0100% | 8h | 0.4325 | +0.046% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4325 | +0.046% | $94K | $175K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4316 | −0.169% | $203K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4312 | −0.254% | $304K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4320 | −0.069% | $33K | $640K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4327 | +0.083% | $23K | $552K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4426 | +2.383% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4320 | −0.072% | $259K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4324 | +0.012% | $38K | — | 3x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0213% | 1h | 0.4325 | +0.046% | $8K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0321% / S −0.0201% | 1h | 0.4324 | +0.018% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4321 | −0.040% | $301K | — | 15x | as long as short |
| Lighter LDO | +0.0456% | 1h | 0.4333 | +0.238% | $880K | $265K | 10x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0571% | 1h | 0.4327 | +0.087% | $1.2M | $678K | 50x | as long as short |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO
Kraken Futures PF_LDOUSD