Funding you earn now, next payment 05:00 UTC−0.0564%/8h= −61.8% APRnext payment −$0.71 per $10,000 · paid last 24h −0.296%
Price spread now: Coinbase International against ApeX Omni−0.831%75s7-day average −0.185% · you buy dearer than you sell
Net, funding: paid 7d − costs−$295as 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−$2242.238% of the position
Funding, last 7 days−0.712%−$71 on $10k
+Price spread, last 4 days (all we have)+0.951%+$95 · spread now −0.831%, 7d avg −0.185%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Coinbase International is 0.647% cheaper against ApeX Omni than usual: you would sell low and buy high (−$65 if the spread goes back to its 7-day average of −0.185%). Swap the legs. The two prices were read 75 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 | ApeX Omni LDOUSDT | 0.4210 | 0.0100 | pay 0.0013% / 1h | 28m 18s | $32K | $639K | 50x |
| Short | Coinbase International LDO-PERP-INTX | 0.4175 | −0.0464 | pay 0.0058% / 1h | 28m 18s | $116K | $40K | 50x |
ApeX Omni LDOUSDT
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against ApeX Omni. 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
- −$118.44
- Price spread: −0.831% → −0.185%
- −$64.68
- Slippage, 4 orders
- −$203.79
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$406.91
- Costs to cover
- 2.238%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 20 min ago; Coinbase International: live order book, 19 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 ApeX Omni live order book, 20 min ago | 7.09 bp | 15.0 bp −$15 | 110.1 bp −$1,101 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 19 min ago | 27.25 bp | 158.5 bp −$158 | 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-INTXshort | −0.0464% | 1h | 0.4175 | −0.831% | $116K | $40K | 50x | |
| dYdX LDO-USD | 0.0000% | 1h | 0.4194 | −0.372% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4196 | −0.333% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.375% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0090% | 8h | 0.4201 | −0.214% | $893K | $255K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4192 | −0.432% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4196 | −0.325% | $11.4M | $3.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4196 | −0.326% | $165K | $91K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4195 | −0.368% | $107K | $27K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4193 | −0.405% | $17.6M | $31.0M | 75x | as long as short |
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 | 0.4191 | −0.451% | $15.9M | $10.1M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4192 | −0.428% | $4.0M | $6.7M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4196 | −0.333% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4195 | −0.356% | $7.2M | $5.9M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4193 | −0.404% | $2.7M | $3.5M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4192 | −0.428% | $3.2M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4193 | −0.404% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4198 | −0.278% | $89K | $181K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4203 | −0.170% | $197K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4205 | −0.128% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDTlong | +0.0100% | 1h | 0.4210 | long leg | $32K | $639K | 50x | |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4194 | −0.373% | $22K | $384K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4293 | +1.971% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4191 | −0.455% | $253K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4194 | −0.380% | $37K | — | 3x | as long as short |
| Lighter LDO | +0.0264% | 1h | 0.4202 | −0.181% | $847K | $265K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0318% / S −0.0201% | 1h | 0.4194 | −0.387% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0343% | 1h | 0.4191 | −0.460% | $292K | — | 15x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0602% | 1h | 0.4198 | −0.282% | $1.1M | $656K | 50x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
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