Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against Bybit−0.070%52s7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.495% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.070%, 7d avg +0.082%
=Funding pays, the price is against you. BloFin is 0.152% cheaper against Bybit than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.082%). If the spread goes back, that is −$15 on $10k: about 22 days of funding at the current rate (+$1 a day). The two prices were read 52 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 | Bybit LDOUSDT | 0.4286 | 0.0100 | pay 0.0100% / 8h | 4h 00m | $16.2M | $9.9M | 50x |
| Short | BloFin LDO-USDT | 0.4283 | 0.0123 | get 0.0123% / 8h | 4h 00m | $913K | $253K | 75x |
Bybit LDOUSDT
BloFin LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $4.77
- Price spread: −0.070% → +0.082%
- −$15.19
- Slippage, 4 orders
- −$26.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$59.96
- Costs to cover
- 0.495%
- Break-even
- 95.0 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 32 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 Bybit live order book, 3 min ago | 1.17 bp | 11.6 bp −$12 | 34.2 bp −$342 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 32 min ago | 3.50 bp | 14.8 bp −$15 | 36.0 bp −$360 | 98.9 bp −$9,891 | 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 | 0.4277 | −0.210% | $119K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4281 | −0.112% | $83K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.106% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4287 | +0.028% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4291 | +0.124% | $11.7M | $3.2M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4292 | +0.137% | $169K | $120K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4289 | +0.070% | $110K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4289 | +0.070% | $18.0M | $30.9M | 75x | as long as short |
| Bybit LDOUSDTlong | +0.0100% | 8h | 0.4286 | long leg | $16.2M | $9.9M | 50x | |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4287 | +0.023% | $4.0M | $6.9M | 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
Binance 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 | +0.047% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4288 | +0.047% | $7.7M | $6.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4288 | +0.047% | $2.8M | $3.7M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4287 | +0.023% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4289 | +0.070% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4287 | +0.033% | $91K | $176K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4284 | −0.052% | $201K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4276 | −0.233% | $306K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | −0.140% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4290 | +0.105% | $23K | $511K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4391 | +2.450% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4286 | −0.010% | $260K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4288 | +0.044% | $38K | — | 3x | as long as short |
| BloFin LDO-USDTshort | +0.0123% | 8h | 0.4283 | −0.070% | $913K | $253K | 75x | |
| Deribit LDO_USDC-PERPETUAL | +0.0217% | 1h | 0.4286 | 0.000% | $7K | $20K | 25x | as long as short |
| Lighter LDO | +0.0296% | 1h | 0.4297 | +0.264% | $876K | $267K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4287 | +0.020% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0341% | 1h | 0.4286 | +0.008% | $299K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0492% | 1h | 0.4287 | +0.021% | $1.2M | $678K | 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
Extended LDO-USD
Aevo LDO-PERP
Deribit LDO_USDC-PERPETUAL
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD