Funding you earn now, next payment 08:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against Bybit+0.309%102s7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as 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−$550.552% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.309%, 7d avg +0.076%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.233% dearer against Bybit than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.076%. The two prices were read 102 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 | Bybit LDOUSDT | 0.4202 | 0.0100 | pay 0.0100% / 8h | 59m 37s | $15.9M | $9.9M | 50x |
| Short | BloFin LDO-USDT | 0.4215 | 0.0120 | get 0.0120% / 8h | 59m 37s | $888K | $258K | 75x |
Bybit LDOUSDT
BloFin LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $4.17
- Price spread: +0.309% → +0.076%
- $23.3
- Slippage, 4 orders
- −$32.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$27.74
- Costs to cover
- 0.552%
- Break-even
- 53.6 days
Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 12 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 Bybit live order book, 4 min ago | 1.19 bp | 14.7 bp −$15 | 35.0 bp −$350 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 12 min ago | 2.37 bp | 10.5 bp −$10 | 14.3 bp −$143 | 53.8 bp −$5,384 | 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 | −0.0648% | 1h | 0.4193 | −0.214% | $117K | $39K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4206 | +0.100% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4208 | +0.143% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.189% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4203 | +0.022% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4208 | +0.140% | $11.5M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4206 | +0.088% | $165K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4205 | +0.075% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4206 | +0.088% | $17.6M | $30.7M | 75x | as long as short |
| Bybit LDOUSDTlong | +0.0100% | 8h | 0.4202 | long leg | $15.9M | $9.9M | 50x |
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 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 | 0.4204 | +0.048% | $4.0M | $6.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4203 | +0.024% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4205 | +0.071% | $6.7M | $5.4M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4206 | +0.095% | $2.7M | $3.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4202 | 0.000% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4204 | +0.048% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4205 | +0.071% | $89K | $175K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4204 | +0.042% | $196K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4209 | +0.167% | $299K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4210 | +0.190% | $31K | $635K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4212 | +0.233% | $22K | $376K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4308 | +2.523% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4203 | +0.020% | $253K | $1.1M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4208 | +0.136% | $37K | — | 3x | as long as short |
| BloFin LDO-USDTshort | +0.0120% | 8h | 0.4215 | +0.309% | $888K | $258K | 75x | |
| Lighter LDO | +0.0304% | 1h | 0.4213 | +0.271% | $849K | $270K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4208 | +0.149% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0345% | 1h | 0.4203 | +0.032% | $293K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0382% | 1h | 0.4208 | +0.142% | $1.1M | $706K | 50x | 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
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD