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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.011%
Price spread now: GMX against ApeX Omni−0.080%68s7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.080% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.080% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 days of funding at the current rate (+$3 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43400.0100pay 0.0013% / 1h12m 04s$35K$644K50x
ShortGMX LDO/USD [ETH-USDC]0.4337L +0.0320% / S −0.0201%get 0.0025% / 1h12m 04s$24K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$21.26
Price spread: −0.080% → 0.000%
−$8.02
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$8.76
Costs to cover
0.220%
Break-even
9.9 days
Slippage unknown: ApeX Omni: live order book, 61 min ago; GMX: 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, 61 min ago6.99 bp15.0 bp −$15105.0 bp −$1,050doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.0752%1h0.4333−0.161%$118K$50K50xas long as short
dYdX LDO-USD+0.0030%1h0.4336−0.085%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−5.300%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4335−0.109%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4338−0.041%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4341+0.029%$171K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4340−0.007%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4337−0.069%$18.2M$37.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4332−0.184%$16.4M$11.8M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4333−0.161%$4.1M$8.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4338−0.046%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4335−0.115%$8.0M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4339−0.023%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4338−0.046%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4335−0.115%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4335−0.104%$87K$150K10xas long as short
Variational Omni LDO+0.0100%8h0.4335−0.119%$204K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4337−0.069%$309K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4340long leg$35K$644K50x
Polymarket Perps LDO-USD+0.0100%1h0.4340+0.009%$23K$731K5xas long as short
SunX LDO-USDT+0.0100%8h0.4440+2.304%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4334−0.149%$264K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4337−0.069%$38K3xas long as short
BloFin LDO-USDT+0.0120%8h0.43400.000%$790K$213K75xas long as short
Kraken Futures PF_LDOUSD+0.0195%1h0.4341+0.018%$1.1M$516K50xas long as short
Deribit LDO_USDC-PERPETUAL+0.0211%1h0.4338−0.046%$8K$20K25xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0320% / S −0.0201%1h0.4337−0.080%$24K100x
Reya LDORUSDPERP+0.0337%1h0.4335−0.124%$302K15xas long as short
Lighter LDO+0.0592%1h0.4347+0.157%$882K$267K10xas long as short