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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against Aster−0.171%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$990.986% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.081%−$8 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.171%, 7d avg −0.126%
Together, before fees−0.089%+ Points / potential airdropAster: Stage 5 · farm board−$9 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: Bybit is 0.045% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.126%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster LDOUSDT0.41930.0100pay 0.0100% / 8h7h 40m$165K$91K10x
ShortBybit LDOUSDT0.41860.0100get 0.0100% / 8h7h 40m$16.0M$10.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.171% → −0.126%
−$4.53
Slippage, 4 orders
−$79.56
Fee Aster: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$103.09
Costs to cover
0.986%
Break-even
never at this rate
Slippage from Aster: live order book, 56 min ago; Bybit: live order book, 3 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, 56 min ago8.35 bp57.0 bp −$57doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago1.19 bp11.9 bp −$1232.6 bp −$326doesn'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−0.0952%1h0.4186−0.171%$116K$39K50xas long as short
Kraken Futures PF_LDOUSD−0.0370%1h0.4190−0.086%$1.1M$739K50xas long as short
dYdX LDO-USD0.0000%1h0.4191−0.045%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4189−0.100%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.984%$4K$1112xas long as short
BloFin LDO-USDT+0.0088%8h0.4192−0.028%$880K$256K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4187−0.137%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4193−0.016%$11.4M$3.0M5xas long as short
Aster LDOUSDTlong+0.0100%8h0.4193long leg$165K$91K10x
Pacifica LDO+0.0100%1h0.4190−0.064%$106K$29K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4190−0.085%$17.6M$31.0M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4186−0.171%$16.0M$10.0M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4188−0.124%$4.0M$6.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.4190−0.076%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4190−0.076%$6.9M$5.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4190−0.076%$2.6M$3.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4191−0.052%$3.2M$2.9M75xas long as short
BingX LDO-USDT+0.0100%8h0.4187−0.148%$10.2Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4191−0.050%$89K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4188−0.128%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4195+0.043%$299K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4200+0.162%$31K$635K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4189−0.100%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4286+2.213%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4186−0.168%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4189−0.112%$37K3xas long as short
Lighter LDO+0.0216%1h0.4199+0.134%$846K$272K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4195+0.040%$23K100xas long as short
Reya LDORUSDPERP+0.0347%1h0.4186−0.168%$292K15xas long as short