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% APRpaid last 24h −0.006%
Price spread now: Backpack against Aster−0.062%45s7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1041.040% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.049%−$5 on $10k
Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.062%, 7d avg −0.063%
Together, before fees−0.323%+ Points / potential airdropAster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster LDOUSDT0.43560.0100pay 0.0100% / 8h2h 18m$171K$144K10x
ShortBackpack LDO_USDC_PERP0.43530.0100get 0.0013% / 1h18m 23s$86K$186K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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: −0.062% → −0.063%
$0.13
Slippage, 4 orders
−$85.95
Fee Aster: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$103.82
Costs to cover
1.040%
Break-even
never at this rate
Slippage from Aster: live order book, 3 min ago; Backpack: live order book, 5 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 Aster live order book, 3 min ago8.02 bp54.2 bp −$54doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 5 min ago1.83 bp16.2 bp −$16doesn't fitdoesn'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%1h0.4290−1.517%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0327%1h0.4358+0.037%$1.1M$556K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4355−0.025%$3K$10K25xas long as short
dYdX LDO-USD+0.0018%1h0.4359+0.064%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.976%$4K$1112xas long as short
BloFin LDO-USDT+0.0088%8h0.4350−0.140%$790K$230K75xas long as short
Lighter LDO+0.0096%1h0.4369+0.303%$886K$265K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4352−0.095%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4357+0.028%$12.1M$3.6M5xas long as short
Aster LDOUSDTlong+0.0100%8h0.4356long leg$171K$144K10x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4355−0.025%$112K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4354−0.048%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4352−0.094%$16.9M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4352−0.094%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4356−0.002%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4353−0.071%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4354−0.048%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4350−0.140%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4353−0.071%$3.9Mas long as short
Backpack LDO_USDC_PERPshort+0.0100%1h0.4353−0.062%$86K$186K10x
Variational Omni LDO+0.0100%8h0.4359+0.073%$204K$89Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4358+0.044%$310K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4360+0.090%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4356+0.003%$22K$739K5xas long as short
SunX LDO-USDT+0.0100%8h0.4455+2.271%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4351−0.127%$262K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4354−0.048%$39K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4354−0.037%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4352−0.102%$303K15xas long as short