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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0026%/8h= +2.9% APRpaid last 24h 0.000%
Price spread now: BloFin against ApeX Omni+0.115%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$600.602% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 3 days (all we have)−0.254%−$25 · spread now +0.115%, 7d avg −0.081%
Together, before fees−0.273%−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.197% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43300.0100pay 0.0013% / 1h29m 10s$35K$648K50x
ShortBloFin LDO-USDT0.43350.0126get 0.0126% / 8h2h 29m$791K$229K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$5.49
Price spread: +0.115% → −0.081%
$19.65
Slippage, 4 orders
−$38.17
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$35.02
Costs to cover
0.602%
Break-even
51.6 days
Slippage from ApeX Omni: live order book, 59 min ago; BloFin: live order book, 57 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, 59 min ago6.88 bp15.0 bp −$15102.7 bp −$1,027doesn't fitdoesn't fit
Sell BloFin live order book, 57 min ago4.60 bp12.1 bp −$1219.5 bp −$19560.5 bp −$6,054doesn'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−0.0688%1h0.4290−0.924%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0328%1h0.4336+0.140%$1.1M$556K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0211%1h0.4334+0.092%$3K$10K25xas long as short
dYdX LDO-USD+0.0024%1h0.4335+0.110%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.386%$4K$1112xas long as short
Lighter LDO+0.0096%1h0.4348+0.423%$882K$264K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4331+0.019%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4338+0.192%$12.0M$3.5M5xas long as short
Aster LDOUSDT+0.0100%8h0.4334+0.102%$170K$144K10xas long as short
Pacifica LDO+0.0100%1h0.4335+0.122%$111K$182K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4337+0.155%$18.1M$37.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4335+0.115%$16.8M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4332+0.046%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4334+0.092%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4336+0.139%$8.8M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4335+0.115%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4335+0.115%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4334+0.092%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4338+0.180%$87K$187K10xas long as short
Variational Omni LDO+0.0100%8h0.4332+0.053%$202K$89Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4333+0.069%$308K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4330long leg$35K$648K50x
Polymarket Perps LDO-USD+0.0100%1h0.4336+0.141%$34K$697K5xas long as short
SunX LDO-USDT+0.0100%8h0.4435+2.425%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4331+0.033%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4335+0.115%$38K3xas long as short
BloFin LDO-USDTshort+0.0126%8h0.4335+0.115%$791K$229K75x
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4335+0.114%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4332+0.048%$302K15xas long as short