Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Backpack against Gate+0.011%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$790.793% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.011%, 7d avg +0.024%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate LDO_USDT | 0.4358 | 0.0100 | pay 0.0100% / 8h | 1h 02m | $1.4M | $1.1M | 50x |
| Short | Backpack LDO_USDC_PERP | 0.4359 | 0.0100 | get 0.0013% / 1h | 2m 18s | $86K | $179K | 10x |
Gate LDO_USDT
Backpack LDO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Gate. 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
- $0
- Price spread: +0.011% → +0.024%
- −$1.28
- Slippage, 4 orders
- −$54.31
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$80.58
- Costs to cover
- 0.793%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Backpack: live order book, 16 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 Gate live order book, 5 min ago | 3.45 bp | 28.6 bp −$29 | 191.5 bp −$1,915 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 16 min ago | 1.04 bp | 11.4 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERP | −0.0851% | 1h | 0.4110 | −5.691% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.0600% | 1h | 0.4363 | +0.115% | $118K | $55K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4357 | −0.014% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4359 | +0.023% | $3K | $10K | 25x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4356 | −0.053% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4365 | +0.161% | $12.3M | $3.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4360 | +0.036% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4358 | +0.004% | $112K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4360 | +0.036% | $18.1M | $37.7M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4354 | −0.092% | $16.5M | $12.8M | 50x | as long as short |
Injective LDO/USDC PERP
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
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 | 0.4353 | −0.115% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDTlong | +0.0100% | 8h | 0.4358 | long leg | $1.4M | $1.1M | 50x | |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4358 | 0.000% | $8.5M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4358 | 0.000% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4357 | −0.023% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4355 | −0.069% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERPshort | +0.0100% | 1h | 0.4359 | +0.011% | $86K | $179K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4348 | −0.231% | $203K | $83K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4355 | −0.064% | $306K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4350 | −0.184% | $35K | $649K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4359 | +0.030% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4461 | +2.363% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4354 | −0.100% | $261K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4360 | +0.037% | $39K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0122% | 8h | 0.4358 | 0.000% | $787K | $225K | 75x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0294% | 1h | 0.4360 | +0.053% | $1.1M | $527K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4359 | +0.014% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0334% | 1h | 0.4354 | −0.098% | $304K | — | 15x | as long as short |
| Lighter LDO | +0.0384% | 1h | 0.4368 | +0.234% | $886K | $268K | 10x | as long as short |
OKX LDO-USDT-SWAP
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO