Funding you earn now, next payment 10:00 UTC−0.0484%/8h= −53.0% APRpaid last 24h −0.287%
Price spread now: Coinbase International against KuCoin−0.558%51s7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$324as 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−$2662.662% of the position
Funding, last 7 days−0.575%−$57 on $10k
+Price spread, last 4 days (all we have)+0.768%+$77 · spread now −0.558%, 7d avg −0.116%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Coinbase International is 0.442% cheaper against KuCoin than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.116%). Swap the legs. The two prices were read 51 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 | KuCoin LDOUSDTM | 0.4122 | 0.0100 | pay 0.0100% / 8h | 5h 03m | $2.5M | $2.9M | 50x |
| Short | Coinbase International LDO-PERP-INTX | 0.4099 | −0.0384 | pay 0.0048% / 1h | 3m 28s | $112K | $47K | 50x |
KuCoin LDOUSDTM
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$101.64
- Price spread: −0.558% → −0.116%
- −$44.22
- Slippage, 4 orders
- −$244.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$412.11
- Costs to cover
- 2.662%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Coinbase International: live order book, 42 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, 2 min ago | 2.43 bp | 36.8 bp −$37 | 888.7 bp −$8,887 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 42 min ago | 35.09 bp | 156.1 bp −$156 | doesn't fit | doesn't fit | doesn't fit |
LDO on 29 exchanges
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 | −0.0384% | 1h | 0.4099 | −0.558% | $112K | $47K | 50x | |
| Deribit LDO_USDC-PERPETUAL | −0.0235% | 1h | 0.4121 | −0.024% | $7K | $10K | 25x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4123 | +0.023% | $79K | $2K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −0.291% | $4K | $10 | 12x | as long as short |
| BloFin LDO-USDT | +0.0082% | 8h | 0.4121 | −0.024% | $869K | $267K | 75x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4127 | +0.129% | $828K | $251K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4120 | −0.060% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4124 | +0.039% | $11.3M | $2.8M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4125 | +0.074% | $162K | $56K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4123 | +0.024% | $104K | $7K | 10x | as long as short |
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Lighter LDO
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4121 | −0.014% | $17.3M | $30.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4120 | −0.049% | $15.9M | $9.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4122 | 0.000% | $3.9M | $5.8M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4124 | +0.049% | $1.5M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4121 | −0.024% | $6.3M | $5.2M | 200x | as long as short |
| KuCoin LDOUSDTMlong | +0.0100% | 8h | 0.4122 | long leg | $2.5M | $2.9M | 50x | |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4121 | −0.024% | $3.1M | $2.5M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4121 | −0.024% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4122 | −0.012% | $84K | $166K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4121 | −0.014% | $196K | $49K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4121 | −0.024% | $290K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4120 | −0.049% | $20K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4123 | +0.034% | $24K | $309K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4218 | +2.329% | $2K | $1.1M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4119 | −0.075% | $253K | $1.5M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4121 | −0.036% | $36K | — | 3x | as long as short |
| Reya LDORUSDPERP | +0.0350% | 1h | 0.4119 | −0.062% | $287K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0367% | 1h | 0.4123 | +0.020% | $1.0M | $724K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0383% / S −0.0308% | 1h | 0.4125 | +0.065% | $29K | — | 100x | as long as short |
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
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
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]