Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: Backpack against MEXC−0.070%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$360.363% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.070%, 7d avg −0.001%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.069% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC LDO_USDT | 0.4298 | 0.0100 | pay 0.0100% / 8h | 5h 59m | $7.7M | $7.2M | 200x |
| Short | Backpack LDO_USDC_PERP | 0.4295 | 0.0100 | get 0.0013% / 1h | 59m 53s | $88K | $156K | 10x |
MEXC LDO_USDT
Backpack LDO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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: −0.070% → −0.001%
- −$6.87
- Slippage, 4 orders
- −$26.27
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$43.14
- Costs to cover
- 0.363%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Backpack: live order book, 3 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 MEXC live order book, 3 min ago | 1.16 bp | 4.8 bp −$5 | 11.2 bp −$112 | 73.7 bp −$7,372 | 152.9 bp −$76.4K |
| Sell Backpack live order book, 3 min ago | 0.47 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
LDO on 28 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 | −0.0416% | 1h | 0.4259 | −0.907% | $119K | $43K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4296 | −0.047% | $7K | $20K | 25x | as long as short |
| dYdX LDO-USD | +0.0004% | 1h | 0.4295 | −0.063% | $83K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −4.374% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4294 | −0.085% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4302 | +0.095% | $11.8M | $3.4M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4300 | +0.043% | $169K | $134K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4300 | +0.048% | $110K | $158K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4299 | +0.022% | $18.0M | $32.6M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4297 | −0.023% | $16.1M | $10.6M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4297 | −0.023% | $4.0M | $7.4M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4300 | +0.047% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDTlong | +0.0100% | 8h | 0.4298 | long leg | $7.7M | $7.2M | 200x | |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4299 | +0.023% | $2.8M | $4.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4295 | −0.070% | $3.3M | $3.2M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4299 | +0.023% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERPshort | +0.0100% | 1h | 0.4295 | −0.070% | $88K | $156K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4295 | −0.076% | $202K | $68K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4299 | +0.022% | $303K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4300 | +0.047% | $33K | $638K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4299 | +0.021% | $23K | $687K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4395 | +2.257% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4295 | −0.076% | $260K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4295 | −0.059% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0296% | 1h | 0.4305 | +0.170% | $874K | $268K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4295 | −0.058% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0338% | 1h | 0.4293 | −0.121% | $299K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0560% | 1h | 0.4298 | +0.007% | $1.2M | $734K | 50x | as long as short |
OKX LDO-USDT-SWAP
Gate LDO_USDT
KuCoin LDOUSDTM
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
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Kraken Futures PF_LDOUSD