Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Backpack against Pacifica+0.007%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.007%, 7d avg −0.027%
=Together, before fees−0.346%+ Points / potential airdropPacifica: Active · farm board−$35 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.034% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica LDO | 0.4206 | 0.0100 | pay 0.0013% / 1h | 0m 03s | $106K | $28K | 10x |
| Short | Backpack LDO_USDC_PERP | 0.4207 | 0.0100 | get 0.0013% / 1h | 0m 03s | $91K | $177K | 10x |
Pacifica LDO
Backpack LDO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. 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: +0.007% → −0.027%
- $3.38
- Slippage, 4 orders
- −$38.29
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$52.9
- Costs to cover
- 0.563%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 37 min ago; Backpack: live order book, 38 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 Pacifica live order book, 37 min ago | 8.35 bp | 15.1 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 38 min ago | 0.36 bp | 10.6 bp −$11 | 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 | −0.0920% | 1h | 0.4198 | −0.198% | $117K | $39K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4208 | +0.048% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4206 | −0.007% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.290% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0088% | 8h | 0.4207 | +0.016% | $884K | $257K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4204 | −0.063% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4210 | +0.095% | $11.5M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4208 | +0.033% | $166K | $91K | 10x | as long as short |
| Pacifica LDOlong | +0.0100% | 1h | 0.4206 | long leg | $106K | $28K | 10x | |
| Binance LDOUSDT | +0.0100% | 8h | 0.4206 | −0.007% | $17.6M | $31.0M | 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
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4203 | −0.079% | $16.1M | $10.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4204 | −0.055% | $4.0M | $6.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4208 | +0.040% | $1.5M | $1.2M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4207 | +0.016% | $6.7M | $5.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4206 | −0.007% | $2.6M | $3.2M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4205 | −0.031% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4206 | −0.007% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERPshort | +0.0100% | 1h | 0.4207 | +0.007% | $91K | $177K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4202 | −0.104% | $200K | $66K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4210 | +0.088% | $298K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4210 | +0.088% | $31K | $634K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4208 | +0.028% | $24K | $375K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4304 | +2.322% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4202 | −0.102% | $252K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4207 | +0.027% | $37K | — | 3x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0225% | 1h | 0.4205 | −0.035% | $1.1M | $728K | 50x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4205 | −0.028% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0346% | 1h | 0.4204 | −0.050% | $293K | — | 15x | as long as short |
| Lighter LDO | +0.0384% | 1h | 0.4216 | +0.221% | $850K | $273K | 10x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC 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
Kraken Futures PF_LDOUSD
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO