Funding you earn now, next payment 06:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.297%
Price spread now: Coinbase International against Bitget−0.356%47s7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$444as 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−$3693.688% of the position
Funding, last 7 days−0.755%−$75 on $10k
+Price spread, last 4 days (all we have)+0.569%+$57 · spread now −0.356%, 7d avg −0.057%
=Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Coinbase International is 0.300% cheaper against Bitget than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 47 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 | Bitget LDOUSDT | 0.4208 | 0.0100 | pay 0.0100% / 8h | 1h 31m | $3.2M | $3.0M | 75x |
| Short | Coinbase International LDO-PERP-INTX | 0.4193 | −0.0648 | pay 0.0081% / 1h | 31m 32s | $117K | $40K | 50x |
Bitget LDOUSDT
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bitget. 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
- −$157.08
- Price spread: −0.356% → −0.057%
- −$29.95
- Slippage, 4 orders
- −$346.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$555.78
- Costs to cover
- 3.688%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 11 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 Bitget live order book, 1 min ago | 2.38 bp | 18.4 bp −$18 | 45.7 bp −$457 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 11 min ago | 24.88 bp | 153.3 bp −$153 | 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-INTXshort | −0.0648% | 1h | 0.4193 | −0.356% | $117K | $40K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4210 | +0.048% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4209 | +0.024% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.329% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4209 | +0.018% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4216 | +0.200% | $11.5M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4213 | +0.114% | $166K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4211 | +0.064% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4212 | +0.096% | $17.6M | $30.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4209 | +0.024% | $15.9M | $10.0M | 50x | as long as short |
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 | 0.4210 | +0.048% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4207 | −0.024% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4211 | +0.071% | $6.7M | $6.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4211 | +0.071% | $2.7M | $3.4M | 50x | as long as short |
| Bitget LDOUSDTlong | +0.0100% | 8h | 0.4208 | long leg | $3.2M | $3.0M | 75x | |
| BingX LDO-USDT | +0.0100% | 8h | 0.4209 | +0.024% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4207 | −0.019% | $88K | $178K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4214 | +0.137% | $197K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4212 | +0.102% | $300K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4210 | +0.048% | $31K | $637K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4216 | +0.185% | $22K | $376K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4307 | +2.353% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4210 | +0.047% | $253K | $1.1M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4209 | +0.032% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0115% | 8h | 0.4215 | +0.166% | $888K | $257K | 75x | as long as short |
| Lighter LDO | +0.0128% | 1h | 0.4218 | +0.245% | $850K | $271K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4208 | +0.011% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0344% | 1h | 0.4210 | +0.051% | $294K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0382% | 1h | 0.4210 | +0.049% | $1.1M | $714K | 50x | as long as short |
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
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
BloFin LDO-USDT
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD