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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Hyperliquid against ApeX Omni+0.248%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$530.531% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.041%+$4 on $10k
Price spread, last 4 days (all we have)−0.878%−$88 · spread now +0.248%, 7d avg −0.029%
Together, before fees−0.837%+ Points / potential airdropHyperliquid: Season 2 · farm board−$84 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: Hyperliquid is 0.277% dearer against ApeX Omni than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42800.0100pay 0.0013% / 1h32m 42s$33K$643K50x
ShortHyperliquid LDO0.42910.0100get 0.0013% / 1h32m 42s$11.9M$3.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.248% → −0.029%
$27.67
Slippage, 4 orders
−$34.12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$25.45
Costs to cover
0.531%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; Hyperliquid: live order book, 10 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, 35 min ago6.90 bp15.6 bp −$16109.7 bp −$1,097doesn't fitdoesn't fit
Sell Hyperliquid live order book, 10 min ago1.52 bp9.4 bp −$9doesn't fitdoesn't fitdoesn't fit

LDO on 28 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%1h0.4266−0.327%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4287+0.171%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4278−0.047%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.972%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4285+0.120%$3K20xas long as short
Hyperliquid LDOshort+0.0100%1h0.4291+0.248%$11.9M$3.7M5x
Aster LDOUSDT+0.0100%8h0.4286+0.130%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4291+0.256%$110K$160K10xas long as short
Binance LDOUSDT+0.0100%8h0.4290+0.223%$17.9M$34.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4289+0.210%$16.2M$11.0M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4288+0.187%$4.0M$7.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4282+0.047%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4291+0.257%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4288+0.187%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4290+0.234%$3.3M$3.3M75xas long as short
BingX LDO-USDT+0.0100%8h0.42800.000%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4276−0.096%$88K$158K10xas long as short
Variational Omni LDO+0.0100%8h0.4280+0.008%$201K$78Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4282+0.046%$306K$3.4M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4280long leg$33K$643K50x
Polymarket Perps LDO-USD+0.0100%1h0.4278−0.054%$23K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4377+2.266%$2K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4279−0.026%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4278−0.043%$38K3xas long as short
Lighter LDO+0.0208%1h0.4301+0.486%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4278−0.053%$23K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4274−0.143%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0562%1h0.4279−0.031%$1.2M$784K50xas long as short