Funding you earn now, next payment 09:00 UTC−0.0716%/8h= −78.4% APRnext payment −$0.89 per $10,000 · paid last 24h −0.302%
Price spread now: Coinbase International against Polymarket Perps−0.166%7-day average −0.117% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.442%−$44 on $10k
+Price spread, last 4 days (all we have)+0.443%+$44 · spread now −0.166%, 7d avg −0.117%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Coinbase International is 0.049% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.117%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.442% in total (about -23.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 per $10,000. 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 | Polymarket Perps LDO-USD | 0.4226 | 0.0100 | pay 0.0013% / 1h | 58m 07s | $25K | $319K | 5x |
| Short | Coinbase International LDO-PERP-INTX | 0.4219 | −0.0616 | pay 0.0077% / 1h | 58m 07s | $115K | $41K | 50x |
Polymarket Perps LDO-USD
Coinbase International LDO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Polymarket Perps. 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
- −$150.36
- Price spread: −0.166% → −0.117%
- −$4.87
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$173.23
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: no order-book sample; Coinbase International: live order book, 35 min ago. Net counts fees only.
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 Polymarket Perps no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 35 min ago | 4.78 bp | 180.0 bp −$180 | doesn't fit | doesn't fit | doesn't fit |
Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0616% | 1h | 0.4219 | −0.166% | $115K | $41K | 50x | |
| Kraken Futures PF_LDOUSD | −0.0178% | 1h | 0.4226 | +0.005% | $1.1M | $741K | 50x | as long as short |
| Backpack LDO_USDC_PERP | −0.0027% | 1h | 0.4221 | −0.121% | $92K | $171K | 10x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4230 | +0.098% | $81K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4225 | −0.024% | $7K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −2.745% | $4K | $10 | 12x | as long as short |
| BloFin LDO-USDT | +0.0099% | 8h | 0.4224 | −0.047% | $894K | $260K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4221 | −0.112% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4229 | +0.059% | $11.5M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4226 | −0.003% | $166K | $83K | 10x | as long as short |
Kraken Futures PF_LDOUSD
Backpack LDO_USDC_PERP
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4224 | −0.052% | $107K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4224 | −0.047% | $18.0M | $30.7M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4220 | −0.142% | $16.2M | $9.8M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4221 | −0.118% | $4.0M | $6.3M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4222 | −0.095% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4224 | −0.047% | $6.5M | $5.2M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4223 | −0.071% | $2.7M | $3.1M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4219 | −0.166% | $3.2M | $2.6M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4222 | −0.095% | — | $10.2M | — | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4229 | +0.064% | $203K | $65K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4234 | +0.189% | $299K | $3.5M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4240 | +0.331% | $31K | $636K | 50x | as long as short |
| Polymarket Perps LDO-USDlong | +0.0100% | 1h | 0.4226 | long leg | $25K | $319K | 5x | |
| SunX LDO-USDT | +0.0100% | 8h | 0.4323 | +2.295% | $2K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4222 | −0.104% | $258K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4225 | −0.028% | $37K | — | 3x | as long as short |
| Lighter LDO | +0.0296% | 1h | 0.4232 | +0.147% | $853K | $259K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0317% / S −0.0201% | 1h | 0.4234 | +0.185% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0347% | 1h | 0.4225 | −0.023% | $295K | — | 15x | as long as short |
Pacifica LDO
Binance LDOUSDT
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
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP