Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Bybit against Backpack+0.124%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.124%, 7d avg −0.062%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.186% dearer against Backpack than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4205 | 0.0100 | pay 0.0013% / 1h | 58m 36s | $91K | $177K | 10x |
| Short | Bybit LDOUSDT | 0.4210 | 0.0100 | get 0.0100% / 8h | 7h 58m | $16.1M | $10.0M | 50x |
Backpack LDO_USDC_PERP
Bybit LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: +0.124% → −0.062%
- $18.61
- Slippage, 4 orders
- −$30.21
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$32.6
- Costs to cover
- 0.512%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 39 min ago; Bybit: live order book, 5 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, 39 min ago | 0.36 bp | 13.6 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.19 bp | 15.1 bp −$15 | 41.5 bp −$415 | 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 | −0.0952% | 1h | 0.4198 | −0.162% | $117K | $39K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0369% | 1h | 0.4203 | −0.035% | $1.1M | $728K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4208 | +0.085% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4205 | +0.005% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.255% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0079% | 8h | 0.4206 | +0.029% | $882K | $257K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4208 | +0.083% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4212 | +0.176% | $11.4M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4211 | +0.154% | $166K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4208 | +0.082% | $106K | $28K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4212 | +0.178% | $17.7M | $31.0M | 75x | as long as short |
| Bybit LDOUSDTshort | +0.0100% | 8h | 0.4210 | +0.124% | $16.1M | $10.0M | 50x | |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4211 | +0.147% | $4.0M | $6.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4211 | +0.147% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4211 | +0.147% | $6.7M | $5.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4208 | +0.076% | $2.6M | $3.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4210 | +0.124% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4208 | +0.076% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4205 | long leg | $91K | $177K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4202 | −0.068% | $200K | $66K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4207 | +0.057% | $298K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4210 | +0.124% | $31K | $634K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4203 | −0.055% | $24K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4300 | +2.264% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4209 | +0.110% | $252K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4204 | −0.013% | $37K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4204 | −0.012% | $23K | — | 100x | as long as short |
| Lighter LDO | +0.0320% | 1h | 0.4217 | +0.288% | $850K | $271K | 10x | as long as short |
| Reya LDORUSDPERP | +0.0346% | 1h | 0.4203 | −0.038% | $293K | — | 15x | as long as short |
Binance 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
GMX LDO/USD [ETH-USDC]
Lighter LDO
Reya LDORUSDPERP