Funding you earn now, next payment 23:00 UTC+0.1116%/8h= +122.2% APRpaid last 24h +0.348%
Price spread now: Binance against Coinbase International−0.115%7-day average +0.085% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.621%+$62 on $10k
+Price spread, last 3 days (all we have)−0.087%−$9 · spread now −0.115%, 7d avg +0.085%
=Funding pays, the price is against you. Binance is 0.201% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of +0.085%). If the spread goes back, that is −$20 on $10k: about 14 hours of funding at the current rate (+$33 a day). At the pace of the last 7 days (+0.621% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.621% in total (about 32.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International LDO-PERP-INTX | 0.4333 | −0.1016 | get 0.0127% / 1h | 26m 07s | $118K | $53K | 50x |
| Short | Binance LDOUSDT | 0.4328 | 0.0100 | get 0.0100% / 8h | 26m 07s | $18.0M | $37.6M | 75x |
Coinbase International LDO-PERP-INTX
Binance LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $234.36
- Price spread: −0.115% → +0.085%
- −$20.08
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $194.28
- Costs to cover
- 0.200%
- Break-even
- 1.2 days
Slippage unknown: Coinbase International: live order book, 52 min ago; Binance: live order book, 16 min ago. Net counts fees only.
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 Coinbase International live order book, 52 min ago | 39.29 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.15 bp | 10.1 bp −$10 | 22.8 bp −$228 | 130.1 bp −$13.0K | 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 | −0.5000% | 1h | 0.4110 | −5.147% | $4K | $14 | 12x | as long as short |
| Coinbase International LDO-PERP-INTXlong | −0.1016% | 1h | 0.4333 | long leg | $118K | $53K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4338 | +0.121% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4329 | −0.092% | $3K | $10K | 25x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0026% | 1h | 0.4331 | −0.043% | $1.1M | $526K | 50x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4333 | +0.006% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4335 | +0.039% | $12.1M | $4.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4332 | −0.019% | $170K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4336 | +0.076% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDTshort | +0.0100% | 8h | 0.4328 | −0.115% | $18.0M | $37.6M | 75x |
Injective LDO/USDC PERP
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Kraken Futures PF_LDOUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4325 | −0.185% | $16.4M | $12.5M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4324 | −0.208% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4330 | −0.069% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4329 | −0.092% | $8.4M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4330 | −0.069% | $2.8M | $4.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4332 | −0.023% | $3.4M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4328 | −0.115% | — | $3.7M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4329 | −0.104% | $88K | $178K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4331 | −0.046% | $203K | $82K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4341 | +0.185% | $308K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4340 | +0.162% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4334 | +0.014% | $23K | $736K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4431 | +2.262% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4325 | −0.185% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4331 | −0.043% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0122% | 8h | 0.4332 | −0.023% | $794K | $219K | 75x | as long as short |
| Lighter LDO | +0.0200% | 1h | 0.4338 | +0.120% | $880K | $268K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4330 | −0.062% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0335% | 1h | 0.4329 | −0.103% | $302K | — | 15x | as long as short |
Bybit LDOUSDT
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
BloFin LDO-USDT
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP