Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Backpack against ApeX Omni+0.120%7-day average −0.114% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 3 days (all we have)−0.835%−$83 · spread now +0.120%, 7d avg −0.114%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.234% dearer against ApeX Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni LDOUSDT | 0.4320 | 0.0100 | pay 0.0013% / 1h | 6m 24s | $33K | $646K | 50x |
| Short | Backpack LDO_USDC_PERP | 0.4325 | 0.0100 | get 0.0013% / 1h | 6m 24s | $85K | $193K | 10x |
ApeX Omni LDOUSDT
Backpack LDO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. 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: +0.120% → −0.114%
- $23.41
- Slippage, 4 orders
- −$38.37
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.96
- Costs to cover
- 0.584%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 26 min ago; Backpack: live order book, 26 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 ApeX Omni live order book, 26 min ago | 6.93 bp | 15.6 bp −$16 | 111.6 bp −$1,116 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 26 min ago | 0.81 bp | 16.3 bp −$16 | 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-INTX | −0.1112% | 1h | 0.4317 | −0.069% | $116K | $52K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0255% | 1h | 0.4323 | +0.071% | $1.1M | $520K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4326 | +0.139% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0004% | 1h | 0.4324 | +0.093% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.157% | $4K | $28K | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4319 | −0.033% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4326 | +0.132% | $12.0M | $3.4M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4325 | +0.106% | $170K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4324 | +0.093% | $111K | $182K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4322 | +0.049% | $18.0M | $38.2M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
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 | 0.4320 | 0.000% | $16.7M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4318 | −0.046% | $4.0M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4324 | +0.093% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4322 | +0.046% | $9.0M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4323 | +0.069% | $2.7M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4317 | −0.069% | $3.3M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4322 | +0.046% | — | $3.8M | — | as long as short |
| Backpack LDO_USDC_PERPshort | +0.0100% | 1h | 0.4325 | +0.120% | $85K | $193K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4322 | +0.057% | $202K | $119K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4324 | +0.093% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDTlong | +0.0100% | 1h | 0.4320 | long leg | $33K | $646K | 50x | |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4324 | +0.090% | $23K | $692K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4425 | +2.431% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4317 | −0.060% | $259K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4327 | +0.151% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0118% | 8h | 0.4326 | +0.139% | $803K | $227K | 75x | as long as short |
| Lighter LDO | +0.0264% | 1h | 0.4332 | +0.275% | $878K | $263K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0317% / S −0.0198% | 1h | 0.4325 | +0.113% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0330% | 1h | 0.4318 | −0.047% | $301K | — | 15x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Variational Omni LDO
GRVT LDO_USDT_Perp
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP