Funding you earn now, next payment 05:00 UTC−0.0564%/8h= −61.8% APRpaid last 24h −0.297%
Price spread now: Coinbase International against Gate−0.262%50s7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$315as 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−$2472.473% of the position
Funding, last 7 days−0.680%−$68 on $10k
+Price spread, last 4 days (all we have)+0.540%+$54 · spread now −0.262%, 7d avg −0.064%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Coinbase International is 0.198% cheaper against Gate than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.064%). Swap the legs. The two prices were read 50 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 | Gate LDO_USDT | 0.4200 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $1.4M | $1.1M | 50x |
| Short | Coinbase International LDO-PERP-INTX | 0.4189 | −0.0464 | pay 0.0058% / 1h | 40m 20s | $116K | $40K | 50x |
Gate LDO_USDT
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$118.44
- Price spread: −0.262% → −0.064%
- −$19.79
- Slippage, 4 orders
- −$222.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$385.5
- Costs to cover
- 2.473%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Coinbase International: 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 Gate live order book, 2 min ago | 3.56 bp | 26.7 bp −$27 | 158.7 bp −$1,587 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 7 min ago | 27.25 bp | 158.5 bp −$158 | 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 | −0.0464% | 1h | 0.4189 | −0.262% | $116K | $40K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4204 | +0.103% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4214 | +0.333% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.143% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4205 | +0.112% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4207 | +0.174% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4207 | +0.165% | $165K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4207 | +0.155% | $107K | $27K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4206 | +0.137% | $17.7M | $30.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4203 | +0.071% | $15.9M | $10.1M | 50x | as long as short |
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
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 | 0.4204 | +0.095% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDTlong | +0.0100% | 8h | 0.4200 | long leg | $1.4M | $1.1M | 50x | |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4204 | +0.095% | $7.2M | $5.8M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4203 | +0.071% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4201 | +0.024% | $3.2M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4203 | +0.071% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4209 | +0.202% | $90K | $179K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4211 | +0.258% | $198K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4217 | +0.415% | $299K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4220 | +0.476% | $32K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4206 | +0.138% | $27K | $368K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4313 | +2.690% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4200 | −0.003% | $253K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4206 | +0.140% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0124% | 8h | 0.4211 | +0.262% | $896K | $256K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4205 | +0.114% | $23K | — | 100x | as long as short |
| Lighter LDO | +0.0336% | 1h | 0.4212 | +0.290% | $849K | $263K | 10x | as long as short |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4203 | +0.064% | $293K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0599% | 1h | 0.4217 | +0.393% | $1.1M | $658K | 50x | as long as short |
OKX LDO-USDT-SWAP
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
BloFin LDO-USDT
GMX LDO/USD [ETH-USDC]
Lighter LDO
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD