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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Bitget against ApeX Omni+0.139%53s7-day average −0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$600.600% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 3 days (all we have)−0.350%−$35 · spread now +0.139%, 7d avg −0.151%
Together, before fees−0.310%−$31 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.291% dearer against ApeX Omni than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.151%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43100.0100pay 0.0013% / 1h18m 43s$35K$644K50x
ShortBitget LDOUSDT0.43160.0100get 0.0100% / 8h7h 18m$3.4M$3.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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
$0
Price spread: +0.139% → −0.151%
$29.06
Slippage, 4 orders
−$37.99
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$30.93
Costs to cover
0.600%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 54 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 54 min ago6.99 bp15.0 bp −$15105.0 bp −$1,050doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.32 bp11.0 bp −$1133.8 bp −$338doesn't fitdoesn't fit

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
Coinbase International LDO-PERP-INTX−0.0752%1h0.4316+0.139%$118K$53K50xas long as short
dYdX LDO-USD0.0000%1h0.4320+0.232%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4325+0.348%$3K$10K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.640%$4K$1412xas long as short
BloFin LDO-USDT+0.0086%8h0.4319+0.209%$790K$217K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4316+0.146%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4322+0.283%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4323+0.306%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4319+0.207%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4319+0.216%$18.1M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4315+0.116%$16.4M$12.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4314+0.093%$4.1M$9.0M50xas long as short
Gate LDO_USDT+0.0100%8h0.4322+0.278%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4318+0.186%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4319+0.209%$2.8M$4.1M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.4316+0.139%$3.4M$3.6M75x
BingX LDO-USDT+0.0100%8h0.4317+0.162%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4321+0.258%$90K$149K10xas long as short
Variational Omni LDO+0.0100%8h0.4309−0.028%$202K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4313+0.071%$309K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4310long leg$35K$644K50x
Polymarket Perps LDO-USD+0.0100%1h0.4326+0.381%$23K$731K5xas long as short
SunX LDO-USDT+0.0100%8h0.4425+2.668%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4315+0.106%$263K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4325+0.344%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0196%1h0.4325+0.338%$1.1M$526K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4327+0.386%$24K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4323+0.311%$302K15xas long as short
Lighter LDO+0.0600%1h0.4329+0.448%$879K$267K10xas long as short