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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$0.18 per $10,000 · paid last 24h +0.037%
Price spread now: Lighter against ApeX Omni+0.348%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$680.678% 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)−0.880%−$88 · spread now +0.348%, 7d avg +0.077%
Together, before fees−0.810%+ Points / potential airdropLighter: Season 3 · farm board−$81 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.271% dearer against ApeX Omni than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.077%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42200.0100pay 0.0013% / 1h40m 51s$31K$633K50x
ShortLighter LDO0.42350.0240get 0.0030% / 1h40m 51s$853K$270K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$29.4
Price spread: +0.348% → +0.077%
$27.12
Slippage, 4 orders
−$57.8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$11.28
Costs to cover
0.678%
Break-even
9.7 days
Slippage from ApeX Omni: live order book, 62 min ago; Lighter: live order book, 59 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, 62 min ago5.92 bp16.5 bp −$16110.5 bp −$1,105doesn't fitdoesn't fit
Sell Lighter live order book, 59 min ago4.26 bp10.8 bp −$1142.7 bp −$427doesn'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−0.0920%1h0.4180−0.948%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4225+0.122%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4226+0.142%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.607%$4K$1112xas long as short
BloFin LDO-USDT+0.0094%8h0.4224+0.095%$891K$258K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4224+0.091%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4232+0.273%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4228+0.178%$166K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4227+0.156%$107K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4227+0.172%$17.7M$30.7M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4224+0.095%$16.0M$9.8M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4224+0.095%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4227+0.166%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4226+0.142%$6.7M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4226+0.142%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4226+0.142%$3.3M$2.9M75xas long as short
BingX LDO-USDT+0.0100%8h0.4223+0.071%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4226+0.152%$91K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4223+0.075%$201K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4216−0.096%$300K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4220long leg$31K$633K50x
Polymarket Perps LDO-USD+0.0100%1h0.4229+0.225%$22K$371K5xas long as short
SunX LDO-USDT+0.0100%8h0.4325+2.488%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4223+0.068%$257K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4226+0.131%$37K3xas long as short
Kraken Futures PF_LDOUSD+0.0224%1h0.4228+0.183%$1.1M$711K50xas long as short
Lighter LDOshort+0.0240%1h0.4235+0.348%$853K$270K10x
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4227+0.166%$23K100xas long as short
Reya LDORUSDPERP+0.0345%1h0.4225+0.114%$295K15xas long as short