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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Polymarket Perps against ApeX Omni+0.289%7-day average −0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$470.467% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.297%−$30 on $10k
Price spread, last 3 days (all we have)−0.529%−$53 · spread now +0.289%, 7d avg −0.096%
Together, before fees−0.826%−$83 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: Polymarket Perps is 0.385% dearer against ApeX Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43200.0100pay 0.0013% / 1h32m 56s$35K$647K50x
ShortPolymarket Perps LDO-USD0.43330.0100get 0.0013% / 1h32m 56s$34K$697K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.289% → −0.096%
$38.52
Slippage, 4 orders
−$28.71
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$8.2
Costs to cover
0.467%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 55 min ago; Polymarket Perps: live order book, 54 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, 55 min ago6.88 bp15.0 bp −$15102.7 bp −$1,027doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 54 min ago2.87 bp9.8 bp −$1010.2 bp −$102doesn'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−0.0688%1h0.4290−0.694%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0328%1h0.4332+0.281%$1.1M$556K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0211%1h0.4332+0.278%$3K$10K25xas long as short
dYdX LDO-USD+0.0028%1h0.4322+0.043%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.157%$4K$1112xas long as short
BloFin LDO-USDT+0.0084%8h0.4330+0.231%$793K$229K75xas long as short
Lighter LDO+0.0096%1h0.4342+0.514%$880K$264K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4331+0.247%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4333+0.308%$11.9M$3.5M5xas long as short
Aster LDOUSDT+0.0100%8h0.4329+0.212%$170K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4330+0.230%$111K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4330+0.229%$18.1M$37.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4330+0.231%$16.8M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4325+0.116%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4329+0.208%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4328+0.185%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4329+0.208%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4326+0.139%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4330+0.231%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4332+0.271%$87K$187K10xas long as short
Variational Omni LDO+0.0100%8h0.4320+0.008%$202K$89Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4327+0.161%$304K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4320long leg$35K$647K50x
Polymarket Perps LDO-USDshort+0.0100%1h0.4333+0.289%$34K$697K5x
SunX LDO-USDT+0.0100%8h0.4431+2.569%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4324+0.098%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4330+0.241%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4333+0.290%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4328+0.188%$302K15xas long as short