LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0788%/8h= +86.3% APRnext payment +$0.98 per $10,000 · paid last 24h +0.351%

Price spread now: Polymarket Perps against Coinbase International−0.150%7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.150%, 7d avg +0.082%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.232% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of +0.082%). If the spread goes back, that is −$23 on $10k: about 24 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.368% in total) that is about 4.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.368% in total (about 19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LDO-PERP-INTX	0.4325	−0.0688	get 0.0086% / 1h	45m 15s	$117K	$55K	50x
Short	Polymarket Perps LDO-USD	0.4319	0.0100	get 0.0013% / 1h	45m 15s	$34K	$696K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.150%Rate

Funding earned: $165.48
Price spread: −0.150% → +0.082%: −$23.25
Slippage, 4 orders: −$40.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $83.67
Costs to cover: 0.586%
Break-even: 3.5 days

Slippage from Coinbase International: live order book, 42 min ago; Polymarket Perps: live order book, 42 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, 42 min ago	13.79 bp	23.0 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 42 min ago	2.87 bp	9.8 bp −$10	10.2 bp −$102	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	−0.0688%	1h	0.4325	long leg	$117K	$55K	50x
Kraken Futures PF_LDOUSD	−0.0329%	1h	0.4320	−0.111%	$1.1M	$557K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4321	−0.099%	$83K	$17K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4318	−0.162%	$3K	$10K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4270	−1.272%	$4K	$11	12x	as long as short
BloFin LDO-USDT	+0.0082%	8h	0.4328	+0.069%	$795K	$229K	75x	as long as short
Lighter LDO	+0.0096%	1h	0.4329	+0.095%	$878K	$264K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4314	−0.246%	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4320	−0.118%	$11.9M	$3.5M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4319	−0.131%	$170K	$144K	10x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LDO	+0.0100%	1h	0.4318	−0.152%	$111K	$182K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4318	−0.172%	$18.0M	$38.0M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4315	−0.231%	$16.7M	$12.9M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4313	−0.277%	$4.1M	$9.1M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4316	−0.208%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4318	−0.162%	$8.8M	$7.5M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4318	−0.162%	$2.9M	$4.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4315	−0.231%	$3.4M	$3.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4316	−0.208%	—	$3.9M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4317	−0.183%	$89K	$186K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4319	−0.150%	$201K	$89K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4319	−0.128%	$309K	$3.5M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4320	−0.116%	$35K	$647K	50x	as long as short
Polymarket Perps LDO-USDshort	+0.0100%	1h	0.4319	−0.150%	$34K	$696K	5x
SunX LDO-USDT	+0.0100%	8h	0.4416	+2.104%	$1K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4314	−0.264%	$259K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4317	−0.187%	$38K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0319% / S −0.0201%	1h	0.4317	−0.177%	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0332%	1h	0.4315	−0.239%	$301K	—	15x	as long as short