Funding you earn now, next payment 05:00 UTC−0.0564%/8h= −61.8% APRnext payment −$0.71 per $10,000 · paid last 24h −0.301%
Price spread now: Coinbase International against Hyperliquid−1.495%7-day average −0.167% · you buy dearer than you sell
Net, funding: paid 7d − costs−$288as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$2132.127% of the position
Funding, last 7 days−0.752%−$75 on $10k
+Price spread, last 4 days (all we have)+1.669%+$167 · spread now −1.495%, 7d avg −0.167%
=Together, before fees+0.917%+ Points / potential airdropHyperliquid: Season 2 · farm board+$92 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Coinbase International is 1.327% cheaper against Hyperliquid than usual: you would sell low and buy high (−$133 if the spread goes back to its 7-day average of −0.167%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid LDO | 0.4256 | 0.0100 | pay 0.0013% / 1h | 0m 43s | $11.6M | $3.1M | 5x |
| Short | Coinbase International LDO-PERP-INTX | 0.4192 | −0.0464 | pay 0.0058% / 1h | 0m 43s | $117K | $41K | 50x |
Hyperliquid LDO
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Hyperliquid. 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: −1.495% → −0.167%
- −$132.71
- Slippage, 4 orders
- −$193.72
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$463.87
- Costs to cover
- 2.127%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Coinbase International: live order book, 47 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 Hyperliquid live order book, 2 min ago | 1.88 bp | 9.5 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 47 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 | 0.4192 | −1.495% | $117K | $41K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4254 | −0.034% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4258 | +0.056% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.421% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0073% | 8h | 0.4258 | +0.056% | $888K | $260K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4250 | −0.128% | $3K | — | 20x | as long as short |
| Hyperliquid LDOlong | +0.0100% | 1h | 0.4256 | long leg | $11.6M | $3.1M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4256 | +0.014% | $167K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4252 | −0.075% | $107K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4253 | −0.068% | $17.8M | $31.1M | 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 | 0.4250 | −0.132% | $16.1M | $10.2M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4251 | −0.108% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4254 | −0.038% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4252 | −0.085% | $7.1M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4255 | −0.014% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4254 | −0.038% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4251 | −0.108% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4256 | +0.007% | $90K | $181K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4253 | −0.068% | $198K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4256 | +0.018% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4260 | +0.103% | $32K | $637K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4258 | +0.047% | $22K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4355 | +2.336% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4247 | −0.191% | $259K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4257 | +0.036% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0232% | 1h | 0.4261 | +0.125% | $859K | $267K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4256 | +0.003% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4253 | −0.065% | $297K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0593% | 1h | 0.4259 | +0.080% | $1.1M | $662K | 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
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD