Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Gate against Backpack+0.030%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$780.779% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.030%, 7d avg −0.024%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.053% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LDO_USDC_PERP | 0.4336 | 0.0100 | pay 0.0013% / 1h | 15m 02s | $89K | $149K | 10x |
| Short | Gate LDO_USDT | 0.4337 | 0.0100 | get 0.0100% / 8h | 7h 15m | $1.5M | $1.0M | 50x |
Backpack LDO_USDC_PERP
Gate LDO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Backpack. 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: +0.030% → −0.024%
- $5.35
- Slippage, 4 orders
- −$52.87
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$72.52
- Costs to cover
- 0.779%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 58 min ago; Gate: live order book, 2 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 Backpack live order book, 58 min ago | 0.58 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.46 bp | 26.3 bp −$26 | 228.8 bp −$2,288 | 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 | −0.0752% | 1h | 0.4333 | −0.062% | $118K | $53K | 50x | as long as short |
| dYdX LDO-USD | +0.0032% | 1h | 0.4341 | +0.115% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −5.206% | $4K | $14 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4336 | −0.002% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4338 | +0.046% | $12.0M | $4.1M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4342 | +0.146% | $171K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4342 | +0.134% | $111K | $178K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4336 | +0.007% | $18.2M | $37.5M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4331 | −0.108% | $16.4M | $12.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4330 | −0.131% | $4.1M | $9.0M | 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_USDTshort | +0.0100% | 8h | 0.4337 | +0.030% | $1.5M | $1.0M | 50x | |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4334 | −0.039% | $8.0M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4337 | +0.030% | $2.8M | $4.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4335 | −0.016% | $3.4M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4335 | −0.016% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERPlong | +0.0100% | 1h | 0.4336 | long leg | $89K | $149K | 10x | |
| Variational Omni LDO | +0.0100% | 8h | 0.4335 | −0.020% | $204K | $82K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4332 | −0.083% | $306K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4330 | −0.131% | $35K | $645K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4341 | +0.118% | $23K | $731K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4440 | +2.406% | $2K | $1.4M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4332 | −0.096% | $264K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4338 | +0.061% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0117% | 8h | 0.4339 | +0.076% | $789K | $216K | 75x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0195% | 1h | 0.4341 | +0.120% | $1.1M | $526K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | +0.0211% | 1h | 0.4339 | +0.076% | $8K | $20K | 25x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4329 | −0.164% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0337% | 1h | 0.4336 | +0.010% | $302K | — | 15x | as long as short |
| Lighter LDO | +0.0592% | 1h | 0.4348 | +0.272% | $882K | $267K | 10x | as long as short |
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
BloFin LDO-USDT
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP
Lighter LDO