Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Binance against Backpack+0.072%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$460.463% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.072%, 7d avg +0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.056% dearer against Backpack than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4227 | 0.0100 | pay 0.0013% / 1h | 16m 20s | $89K | $181K | 10x |
| Short | Binance LDOUSDT | 0.4230 | 0.0100 | get 0.0100% / 8h | 2h 16m | $17.7M | $31.1M | 75x |
Backpack LDO_USDC_PERP
Binance LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Backpack. 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: +0.072% → +0.016%
- $5.62
- Slippage, 4 orders
- −$26.29
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.67
- Costs to cover
- 0.463%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 32 min ago; Binance: live order book, 10 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 Backpack live order book, 32 min ago | 0.83 bp | 13.7 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.19 bp | 12.6 bp −$13 | 31.3 bp −$313 | 129.4 bp −$12.9K | 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 | −0.0464% | 1h | 0.4192 | −0.819% | $117K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4226 | −0.008% | $82K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4228 | +0.033% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.759% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0072% | 8h | 0.4230 | +0.080% | $887K | $258K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4224 | −0.066% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4232 | +0.130% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4232 | +0.124% | $167K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4228 | +0.023% | $107K | $28K | 10x | as long as short |
| Binance LDOUSDTshort | +0.0100% | 8h | 0.4230 | +0.072% | $17.7M | $31.1M | 75x |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4226 | −0.014% | $16.0M | $10.2M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4227 | +0.009% | $4.0M | $6.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4229 | +0.057% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4229 | +0.057% | $7.2M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4229 | +0.057% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4226 | −0.014% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4227 | +0.009% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4227 | long leg | $89K | $181K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4215 | −0.280% | $196K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4231 | +0.105% | $298K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4230 | +0.080% | $32K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4230 | +0.080% | $22K | $380K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4329 | +2.423% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4224 | −0.053% | $254K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4228 | +0.021% | $37K | — | 3x | as long as short |
| Lighter LDO | +0.0200% | 1h | 0.4236 | +0.215% | $854K | $267K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4228 | +0.025% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4227 | +0.001% | $295K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0598% | 1h | 0.4230 | +0.071% | $1.1M | $660K | 50x | 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
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