Funding you earn now, next payment 19:00 UTC+0.1212%/8hpaid last 24h +0.365%
Price spread now: Binance against Coinbase International+0.100%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$650.649% of the position
Funding, last 7 days+0.596%+$60 on $10k
+Price spread, last 3 days (all we have)−0.296%−$30 · spread now +0.100%, 7d avg +0.075%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Binance is 0.025% dearer against Coinbase International than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.075%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.596% in total (about 31.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International LDO-PERP-INTX | 0.4317 | −0.1112 | get 0.0139% / 1h | 6m 04s | $116K | $52K | 50x |
| Short | Binance LDOUSDT | 0.4321 | 0.0100 | get 0.0100% / 8h | 4h 06m | $18.0M | $38.2M | 75x |
Coinbase International LDO-PERP-INTX
Binance LDOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Coinbase International. 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
- $254.52
- Price spread: +0.100% → +0.075%
- $2.52
- Slippage, 4 orders
- −$44.9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $192.15
- Costs to cover
- 0.649%
- Break-even
- 1.7 days
Slippage from Coinbase International: live order book, 26 min ago; Binance: live order book, 10 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 Coinbase International live order book, 26 min ago | 9.24 bp | 27.7 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 1.15 bp | 11.5 bp −$11 | 30.7 bp −$307 | 148.5 bp −$14.8K | 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-INTXlong | −0.1112% | 1h | 0.4317 | long leg | $116K | $52K | 50x | |
| Kraken Futures PF_LDOUSD | −0.0255% | 1h | 0.4320 | +0.067% | $1.1M | $520K | 50x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4322 | +0.116% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0004% | 1h | 0.4324 | +0.162% | $83K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.089% | $4K | $28K | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4319 | +0.037% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4326 | +0.204% | $12.1M | $3.4M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4324 | +0.169% | $170K | $149K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4324 | +0.162% | $111K | $182K | 10x | as long as short |
| Binance LDOUSDTshort | +0.0100% | 8h | 0.4321 | +0.100% | $18.0M | $38.2M | 75x |
Kraken Futures PF_LDOUSD
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4320 | +0.069% | $16.7M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4318 | +0.023% | $4.0M | $9.1M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4324 | +0.162% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4321 | +0.093% | $9.0M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4322 | +0.116% | $2.7M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4317 | 0.000% | $3.3M | $3.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4321 | +0.093% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4322 | +0.118% | $85K | $193K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4322 | +0.127% | $202K | $119K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4324 | +0.162% | $303K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4320 | +0.069% | $33K | $646K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4324 | +0.160% | $23K | $692K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4423 | +2.455% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4318 | +0.016% | $259K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4325 | +0.175% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0118% | 8h | 0.4326 | +0.208% | $803K | $227K | 75x | as long as short |
| Lighter LDO | +0.0264% | 1h | 0.4332 | +0.343% | $878K | $263K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0317% / S −0.0198% | 1h | 0.4323 | +0.136% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0330% | 1h | 0.4318 | +0.023% | $301K | — | 15x | 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
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP