Funding you earn now, next payment 03:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.050%
Price spread now: BingX against GMX−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.100% cheaper against GMX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX LDO/USD [ETH-USDC] | 0.4300 | L +0.0320% / S −0.0201% | pay 0.0040% / 1h | 7m 57s | $23K | — | 100x |
| Short | BingX LDO-USDT | 0.4296 | 0.0100 | get 0.0100% / 8h | 5h 07m | — | $9.9M | — |
GMX LDO/USD [ETH-USDC]
BingX LDO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against GMX. 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
- −$46.15
- Price spread: −0.100% → 0.000%
- −$10
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$78.15
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; BingX: live order book, 10 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 GMX no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 10 min ago | 3.47 bp | 14.5 bp −$14 | 33.2 bp −$332 | 99.8 bp −$9,975 | 414.9 bp −$207.4K |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.086% | $120K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4300 | −0.007% | $83K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4301 | +0.016% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.425% | $4K | $13 | 12x | as long as short |
| BloFin LDO-USDT | +0.0088% | 8h | 0.4303 | +0.063% | $921K | $254K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4296 | −0.103% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4300 | −0.012% | $11.7M | $3.2M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4302 | +0.046% | $169K | $116K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4297 | −0.065% | $110K | $86K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4296 | −0.093% | $18.0M | $31.1M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4292 | −0.193% | $16.1M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4292 | −0.193% | $4.0M | $7.0M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4298 | −0.053% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4296 | −0.100% | $7.8M | $7.0M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4299 | −0.030% | $2.8M | $3.8M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4296 | −0.100% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDTshort | +0.0100% | 8h | 0.4296 | −0.100% | — | $9.9M | — | |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4298 | −0.049% | $94K | $175K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4301 | +0.008% | $202K | $62K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4310 | +0.236% | $305K | $3.3M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4310 | +0.226% | $33K | $639K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4299 | −0.033% | $23K | $516K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4402 | +2.365% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4293 | −0.162% | $258K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4299 | −0.038% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC]long | L +0.0320% / S −0.0201% | 1h | 0.4300 | long leg | $23K | — | 100x | |
| Reya LDORUSDPERP | +0.0339% | 1h | 0.4296 | −0.094% | $300K | — | 15x | as long as short |
| Lighter LDO | +0.0400% | 1h | 0.4308 | +0.186% | $875K | $265K | 10x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0574% | 1h | 0.4303 | +0.071% | $1.2M | $685K | 50x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
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
Reya LDORUSDPERP
Lighter LDO
Kraken Futures PF_LDOUSD