Funding you earn now, next payment 00:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.10 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Binance+0.046%91s7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.046%, 7d avg +0.012%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.034% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 91 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance LDOUSDT | 0.4344 | 0.0100 | pay 0.0100% / 8h | 1h 07m | $18.1M | $37.7M | 75x |
| Short | BloFin LDO-USDT | 0.4346 | 0.0110 | get 0.0110% / 8h | 1h 07m | $788K | $224K | 75x |
Binance LDOUSDT
BloFin LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $2.07
- Price spread: +0.046% → +0.012%
- $3.42
- Slippage, 4 orders
- −$29.77
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$46.29
- Costs to cover
- 0.518%
- Break-even
- 163.7 days
Slippage from Binance: live order book, 4 min ago; BloFin: live order book, 9 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 Binance live order book, 4 min ago | 1.15 bp | 9.1 bp −$9 | 19.9 bp −$199 | 190.6 bp −$19.1K | doesn't fit |
| Sell BloFin live order book, 9 min ago | 3.46 bp | 19.1 bp −$19 | 31.9 bp −$319 | 80.4 bp −$8,043 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LDO/USDC PERP | −0.0851% | 1h | 0.4110 | −5.387% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTX | −0.0600% | 1h | 0.4312 | −0.737% | $117K | $55K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4343 | −0.014% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4344 | 0.000% | $3K | $10K | 25x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4345 | +0.016% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4349 | +0.124% | $12.2M | $3.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4343 | −0.016% | $171K | $152K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4348 | +0.092% | $112K | $178K | 10x | as long as short |
| Binance LDOUSDTlong | +0.0100% | 8h | 0.4344 | long leg | $18.1M | $37.7M | 75x | |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4338 | −0.138% | $16.5M | $12.9M | 50x | as long as short |
Injective LDO/USDC PERP
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
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 | 0.4337 | −0.161% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4341 | −0.069% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4343 | −0.023% | $8.5M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4342 | −0.046% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4343 | −0.023% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4340 | −0.092% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4343 | −0.030% | $86K | $180K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4336 | −0.186% | $203K | $83K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4333 | −0.251% | $309K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4340 | −0.092% | $35K | $649K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4346 | +0.039% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4446 | +2.348% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4338 | −0.147% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4344 | −0.005% | $38K | — | 3x | as long as short |
| BloFin LDO-USDTshort | +0.0110% | 8h | 0.4346 | +0.046% | $788K | $224K | 75x | |
| Kraken Futures PF_LDOUSD | +0.0295% | 1h | 0.4345 | +0.022% | $1.1M | $527K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4344 | −0.010% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0334% | 1h | 0.4338 | −0.145% | $303K | — | 15x | as long as short |
| Lighter LDO | +0.0336% | 1h | 0.4352 | +0.177% | $883K | $268K | 10x | as long as short |
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
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO