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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Bybit against ApeX Omni−0.093%69s7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.590% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 4 days (all we have)−0.400%−$40 · spread now −0.093%, 7d avg −0.181%
Together, before fees−0.470%−$47 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: Bybit is 0.088% dearer against ApeX Omni than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.181%. The two prices were read 69 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43200.0100pay 0.0013% / 1h16m 26s$33K$640K50x
ShortBybit LDOUSDT0.43160.0100get 0.0100% / 8h5h 16m$16.2M$10.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.093% → −0.181%
$8.8
Slippage, 4 orders
−$37.96
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$50.17
Costs to cover
0.590%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 47 min ago; Bybit: live order book, 2 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, 47 min ago6.98 bp16.3 bp −$16105.1 bp −$1,051doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.16 bp14.0 bp −$1434.8 bp −$348doesn'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−0.0512%1h0.4304−0.370%$120K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.43200.000%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.861%$4K$1312xas long as short
BloFin LDO-USDT+0.0080%8h0.4327+0.162%$917K$256K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4320+0.009%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4325+0.125%$11.8M$3.3M5xas long as short
Aster LDOUSDT+0.0100%8h0.4326+0.136%$170K$116K10xas long as short
Pacifica LDO+0.0100%1h0.4324+0.088%$111K$86K10xas long as short
Binance LDOUSDT+0.0100%8h0.4324+0.093%$18.1M$31.2M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4316−0.093%$16.2M$10.0M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4316−0.093%$4.0M$7.0M50xas long as short
Gate LDO_USDT+0.0100%8h0.4324+0.093%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4323+0.069%$7.9M$7.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4323+0.069%$2.8M$3.9M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4323+0.069%$3.4M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4322+0.046%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4323+0.076%$94K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4316−0.100%$203K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4325+0.119%$308K$3.3M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4320long leg$33K$640K50x
Polymarket Perps LDO-USD+0.0100%1h0.4324+0.097%$23K$540K5xas long as short
SunX LDO-USDT+0.0100%8h0.4423+2.384%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4316−0.101%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4319−0.013%$38K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0213%1h0.4325+0.116%$8K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4323+0.074%$24K100xas long as short
Reya LDORUSDPERP+0.0339%1h0.4320−0.010%$301K15xas long as short
Lighter LDO+0.0448%1h0.4332+0.278%$879K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0571%1h0.4325+0.120%$1.2M$678K50xas long as short