Funding you earn now, next payment 21:00 UTC−0.0788%/8h= −86.3% APRpaid last 24h −0.341%
Price spread now: Coinbase International against Bybit−0.809%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$158as in the Price arb table
costs, in and out, $10k−$780.775% of the position
Funding, last 7 days−0.596%−$60 on $10k
+Price spread, last 3 days (all we have)+1.011%+$101 · spread now −0.809%, 7d avg −0.006%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Coinbase International is 0.803% cheaper against Bybit than usual: you would sell low and buy high (−$80 if the spread goes back to its 7-day average of −0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LDOUSDT | 0.4325 | 0.0100 | pay 0.0100% / 8h | 2h 07m | $16.8M | $12.8M | 50x |
| Short | Coinbase International LDO-PERP-INTX | 0.4290 | −0.0688 | pay 0.0086% / 1h | 7m 12s | $116K | $54K | 50x |
Bybit LDOUSDT
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Bybit. 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
- −$165.48
- Price spread: −0.809% → −0.006%
- −$80.33
- Slippage, 4 orders
- −$56.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$323.35
- Costs to cover
- 0.775%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Coinbase International: live order book, 16 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 Bybit live order book, 1 min ago | 2.31 bp | 17.9 bp −$18 | 40.8 bp −$408 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 16 min ago | 14.91 bp | 19.9 bp −$20 | 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 | −0.0688% | 1h | 0.4290 | −0.809% | $116K | $54K | 50x | |
| Kraken Futures PF_LDOUSD | −0.0329% | 1h | 0.4330 | +0.121% | $1.1M | $556K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | −0.0212% | 1h | 0.4328 | +0.069% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0014% | 1h | 0.4340 | +0.343% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.272% | $4K | $11 | 12x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4343 | +0.407% | $881K | $266K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4329 | +0.103% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4332 | +0.162% | $12.0M | $3.6M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4332 | +0.158% | $170K | $144K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4332 | +0.165% | $111K | $178K | 10x | as long as short |
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Lighter LDO
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4327 | +0.046% | $18.0M | $38.0M | 75x | as long as short |
| Bybit LDOUSDTlong | +0.0100% | 8h | 0.4325 | long leg | $16.8M | $12.8M | 50x | |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4324 | −0.023% | $4.1M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4328 | +0.069% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4326 | +0.023% | $8.6M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4328 | +0.069% | $2.8M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4323 | −0.046% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4328 | +0.069% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4327 | +0.044% | $86K | $186K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4331 | +0.148% | $202K | $88K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4334 | +0.203% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4340 | +0.347% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4332 | +0.166% | $22K | $739K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4425 | +2.312% | $2K | $1.5M | 20x | as long as short |
| BloFin LDO-USDT | +0.0102% | 8h | 0.4331 | +0.139% | $796K | $229K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4325 | −0.008% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4328 | +0.075% | $38K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4331 | +0.133% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0333% | 1h | 0.4327 | +0.047% | $302K | — | 15x | as long as short |
Binance 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
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP