Settings8H · net · $10k
Funding arb · Price arb /

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.005%
Price spread now: Lighter against Aevo+0.192%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.192% dearer against Aevo than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo LDO-PERP0.43340.0104pay 0.0013% / 1h22m 08s$38K3x
ShortLighter LDO0.43430.0248get 0.0031% / 1h22m 08s$880K$268K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aevo. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$30.24
Price spread: +0.192% → 0.000%
$19.22
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Lighter: 0 bp × 2 orders
$0
Net
$33.46
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 58 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell Lighter live order book, 58 min ago7.44 bp12.4 bp −$1240.6 bp −$406doesn't fitdoesn't fit
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective LDO/USDC PERP−0.0851%1h0.4110−5.174%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4299−0.814%$117K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4330−0.099%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4334−0.006%$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4329−0.128%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4340+0.128%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4333−0.024%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4330−0.090%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4335+0.011%$18.0M$38.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4331−0.075%$16.5M$13.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4333−0.029%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4332−0.052%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4333−0.029%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4332−0.052%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4334−0.006%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4329−0.122%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4335+0.015%$85K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4324−0.238%$202K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4328−0.145%$305K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4330−0.099%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4335+0.005%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4433+2.278%$2K$1.5M20xas long as short
BloFin LDO-USDT+0.0100%8h0.4327−0.168%$789K$223K75xas long as short
Extended LDO-USD+0.0104%1h0.4329−0.118%$260K$1.0M25xas long as short
Aevo LDO-PERPlong+0.0104%1h0.4334long leg$38K3x
Lighter LDOshort+0.0248%1h0.4343+0.192%$880K$268K10x
Kraken Futures PF_LDOUSD+0.0296%1h0.4335+0.019%$1.1M$552K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4333−0.019%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4329−0.122%$302K15xas long as short