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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.15 per $10,000 · paid last 24h −0.047%
Price spread now: Deribit against ApeX Omni+0.140%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.140% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42800.0100pay 0.0013% / 1h0m 20s$33K$639K50x
ShortDeribit LDO_USDC-PERPETUAL0.42860.0217get 0.0027% / 1h0m 20s$7K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$24.54
Price spread: +0.140% → 0.000%
$14.02
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$21.56
Costs to cover
0.170%
Break-even
0.9 days
Slippage unknown: ApeX Omni: live order book, 58 min ago; Deribit: no order-book sample. 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 ApeX Omni live order book, 58 min ago7.03 bp15.0 bp −$15101.4 bp −$1,014doesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: 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
Coinbase International LDO-PERP-INTX−0.0416%1h0.4277−0.070%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4281+0.028%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.972%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4287+0.168%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4291+0.264%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4292+0.277%$169K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4289+0.210%$110K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4289+0.210%$18.0M$30.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4286+0.140%$16.2M$9.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4287+0.164%$4.0M$6.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4288+0.187%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4288+0.187%$7.7M$6.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4288+0.187%$2.8M$3.7M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4287+0.164%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4289+0.210%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4287+0.173%$91K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4284+0.088%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4276−0.093%$306K$3.4M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4280long leg$33K$639K50x
Polymarket Perps LDO-USD+0.0100%1h0.4290+0.245%$23K$511K5xas long as short
SunX LDO-USDT+0.0100%8h0.4391+2.593%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4286+0.130%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4288+0.184%$38K3xas long as short
BloFin LDO-USDT+0.0123%8h0.4283+0.070%$913K$253K75xas long as short
Deribit LDO_USDC-PERPETUALshort+0.0217%1h0.4286+0.140%$7K$20K25x
Lighter LDO+0.0296%1h0.4297+0.404%$876K$267K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4287+0.160%$23K100xas long as short
Reya LDORUSDPERP+0.0341%1h0.4286+0.148%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0492%1h0.4287+0.162%$1.2M$678K50xas long as short