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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: KuCoin against ApeX Omni+0.118%7-day average −0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 4 days (all we have)−0.346%−$35 · spread now +0.118%, 7d avg −0.104%
Together, before fees−0.491%−$49 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: KuCoin is 0.222% dearer against ApeX Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42300.0100pay 0.0013% / 1h12m 53s$32K$638K50x
ShortKuCoin LDOUSDTM0.42350.0100get 0.0100% / 8h2h 12m$2.7M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.118% → −0.104%
$22.22
Slippage, 4 orders
−$83.33
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$83.11
Costs to cover
1.053%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 35 min ago; KuCoin: live order book, 4 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 ago7.09 bp15.0 bp −$15110.1 bp −$1,101doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago1.18 bp46.9 bp −$47271.1 bp −$2,711doesn'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−0.0464%1h0.4192−0.898%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4234+0.098%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4234+0.095%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.837%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4233+0.077%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4237+0.175%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4234+0.095%$167K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4236+0.135%$107K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4234+0.095%$17.7M$31.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4231+0.024%$16.1M$10.2M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4233+0.071%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4231+0.024%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4233+0.071%$7.2M$5.9M200xas long as short
KuCoin LDOUSDTMshort+0.0100%8h0.4235+0.118%$2.7M$3.5M50x
Bitget LDOUSDT+0.0100%8h0.4231+0.024%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4233+0.071%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4234+0.087%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4225−0.123%$197K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4232+0.047%$301K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4230long leg$32K$638K50x
Polymarket Perps LDO-USD+0.0100%1h0.4236+0.149%$22K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4335+2.482%$1K$1.2M20xas long as short
BloFin LDO-USDT+0.0102%8h0.4233+0.071%$887K$259K75xas long as short
Extended LDO-USD+0.0104%1h0.4230−0.004%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4233+0.059%$37K3xas long as short
Lighter LDO+0.0192%1h0.4241+0.258%$855K$267K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4233+0.078%$23K100xas long as short
Reya LDORUSDPERP+0.0343%1h0.4232+0.056%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0597%1h0.4235+0.126%$1.1M$661K50xas long as short