Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Backpack against KuCoin+0.274%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$930.935% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)−0.338%−$34 · spread now +0.274%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.279% dearer against KuCoin than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin LDOUSDTM | 0.4232 | 0.0100 | pay 0.0100% / 8h | 3h 22m | $2.7M | $3.6M | 50x |
| Short | Backpack LDO_USDC_PERP | 0.4244 | 0.0100 | get 0.0013% / 1h | 22m 27s | $90K | $176K | 10x |
KuCoin LDOUSDTM
Backpack LDO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. 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
- $0
- Price spread: +0.274% → −0.005%
- $27.86
- Slippage, 4 orders
- −$71.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$65.6
- Costs to cover
- 0.935%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Backpack: live order book, 31 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 KuCoin live order book, 5 min ago | 1.17 bp | 33.0 bp −$33 | 826.7 bp −$8,267 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 31 min ago | 4.78 bp | 17.3 bp −$17 | 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-INTX | −0.0352% | 1h | 0.4253 | +0.496% | $118K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4239 | +0.171% | $82K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.883% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4233 | +0.034% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4238 | +0.151% | $11.6M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4239 | +0.157% | $167K | $93K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4237 | +0.116% | $109K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4237 | +0.118% | $17.8M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4234 | +0.047% | $16.0M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4235 | +0.071% | $4.0M | $6.7M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4234 | +0.047% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4234 | +0.047% | $7.5M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTMlong | +0.0100% | 8h | 0.4232 | long leg | $2.7M | $3.6M | 50x | |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4233 | +0.024% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4234 | +0.047% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPshort | +0.0100% | 1h | 0.4244 | +0.274% | $90K | $176K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4256 | +0.560% | $200K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4254 | +0.520% | $304K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4260 | +0.662% | $32K | $641K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4238 | +0.137% | $21K | $246K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4343 | +2.623% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4231 | −0.028% | $254K | $1.1M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4236 | +0.101% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0116% | 8h | 0.4245 | +0.307% | $906K | $251K | 75x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0221% | 1h | 0.4246 | +0.331% | $7K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4235 | +0.071% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0342% | 1h | 0.4235 | +0.062% | $295K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0396% | 1h | 0.4251 | +0.439% | $1.1M | $654K | 50x | as long as short |
| Lighter LDO | +0.0456% | 1h | 0.4245 | +0.312% | $870K | $250K | 10x | as long as short |
Gate LDO_USDT
MEXC LDO_USDT
Bitget LDOUSDT
BingX LDO-USDT
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
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD
Lighter LDO