Funding you earn now, next payment 02:00 UTC+0.0612%/8h= +67.0% APRnext payment +$0.77 per $10,000 · paid last 24h +0.329%
Price spread now: Hyperliquid against Coinbase International+0.312%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs+$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$630.632% of the position
Funding, last 7 days+0.738%+$74 on $10k
+Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.312%, 7d avg +0.163%
=Together, before fees+0.317%+ Points / potential airdropHyperliquid: Season 2 · farm board+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.150% dearer against Coinbase International than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.163%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International LDO-PERP-INTX | 0.4259 | −0.0512 | get 0.0064% / 1h | 45m 57s | $119K | $43K | 50x |
| Short | Hyperliquid LDO | 0.4272 | 0.0100 | get 0.0013% / 1h | 45m 57s | $11.7M | $3.3M | 5x |
Coinbase International LDO-PERP-INTX
Hyperliquid LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. 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: +0.312% → +0.163%
- $14.97
- Slippage, 4 orders
- −$44.19
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $80.3
- Costs to cover
- 0.632%
- Break-even
- 2.6 days
Slippage from Coinbase International: live order book, 17 min ago; Hyperliquid: live order book, 7 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 Coinbase International live order book, 17 min ago | 13.96 bp | 25.4 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 0.12 bp | 10.9 bp −$11 | 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-INTXlong | −0.0512% | 1h | 0.4259 | long leg | $119K | $43K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4271 | +0.286% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4275 | +0.376% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.498% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0072% | 8h | 0.4268 | +0.211% | — | $254K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4263 | +0.100% | $3K | — | 20x | as long as short |
| Hyperliquid LDOshort | +0.0100% | 1h | 0.4272 | +0.312% | $11.7M | $3.3M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4271 | +0.290% | $168K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4268 | +0.223% | $110K | $131K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4270 | +0.269% | $17.9M | $32.0M | 75x | as long as short |
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4266 | +0.164% | $16.0M | $10.5M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4266 | +0.164% | $4.0M | $7.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4271 | +0.282% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4270 | +0.258% | $7.6M | $6.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4270 | +0.258% | $2.7M | $4.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4267 | +0.188% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4269 | +0.235% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4271 | +0.277% | $89K | $142K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4268 | +0.206% | $200K | $68K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4293 | +0.808% | $302K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4280 | +0.493% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4273 | +0.338% | $23K | $686K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4366 | +2.512% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4264 | +0.123% | $258K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4275 | +0.367% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4274 | +0.353% | $23K | — | 100x | as long as short |
| Lighter LDO | +0.0336% | 1h | 0.4279 | +0.472% | $869K | $265K | 10x | as long as short |
| Reya LDORUSDPERP | +0.0338% | 1h | 0.4270 | +0.249% | $298K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0578% | 1h | 0.4274 | +0.344% | $1.1M | $711K | 50x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
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
GMX LDO/USD [ETH-USDC]
Lighter LDO
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD