Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: MEXC against Backpack+0.007%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$370.365% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.007%, 7d avg +0.002%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4302 | 0.0100 | pay 0.0013% / 1h | 13m 09s | $94K | $175K | 10x |
| Short | MEXC LDO_USDT | 0.4302 | 0.0100 | get 0.0100% / 8h | 5h 13m | $7.8M | $7.0M | 200x |
Backpack LDO_USDC_PERP
MEXC LDO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.007% → +0.002%
- $0.5
- Slippage, 4 orders
- −$26.53
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$36.03
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 50 min ago; MEXC: 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, 50 min ago | 0.47 bp | 12.4 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 1.16 bp | 4.4 bp −$4 | 14.2 bp −$142 | 95.9 bp −$9,589 | 154.8 bp −$77.4K |
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 | −0.0512% | 1h | 0.4304 | +0.053% | $120K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4310 | +0.196% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4305 | +0.077% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.456% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4307 | +0.131% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4312 | +0.232% | $11.8M | $3.3M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4313 | +0.274% | $170K | $116K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4311 | +0.216% | $111K | $86K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4303 | +0.024% | $18.1M | $31.2M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4298 | −0.086% | $16.1M | $10.0M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
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 | 0.4297 | −0.109% | $4.0M | $7.0M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4310 | +0.193% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDTshort | +0.0100% | 8h | 0.4302 | +0.007% | $7.8M | $7.0M | 200x | |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4306 | +0.100% | $2.8M | $3.9M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4300 | −0.040% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4307 | +0.123% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4302 | long leg | $94K | $175K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4317 | +0.359% | $203K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4323 | +0.495% | $306K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4320 | +0.425% | $33K | $640K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4312 | +0.235% | $23K | $530K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4411 | +2.541% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4300 | −0.048% | $259K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4306 | +0.100% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0114% | 8h | 0.4306 | +0.100% | $914K | $255K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4306 | +0.099% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4305 | +0.072% | $300K | — | 15x | as long as short |
| Lighter LDO | +0.0432% | 1h | 0.4313 | +0.260% | $876K | $265K | 10x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0574% | 1h | 0.4307 | +0.125% | $1.2M | $678K | 50x | as long as short |
OKX LDO-USDT-SWAP
Gate 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
BloFin LDO-USDT
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO
Kraken Futures PF_LDOUSD