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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h −0.312%
Price spread now: Coinbase International against Aster−1.026%54s7-day average −0.124% · 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−$1211.207% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.470%−$47 on $10k
Price spread, last 4 days (all we have)+1.116%+$112 · spread now −1.026%, 7d avg −0.124%
Together, before fees+0.646%+ Points / potential airdropAster: Stage 5 · farm board+$65 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Coinbase International is 0.902% cheaper against Aster than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of −0.124%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster LDOUSDT0.42840.0100pay 0.0100% / 8h4h 31m$168K$120K10x
ShortCoinbase International LDO-PERP-INTX0.4240−0.0416pay 0.0052% / 1h31m 20s$118K$41K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
−$108.36
Price spread: −1.026% → −0.124%
−$90.17
Slippage, 4 orders
−$102.69
Fee Aster: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$319.22
Costs to cover
1.207%
Break-even
never at this rate
Slippage from Aster: live order book, 25 min ago; Coinbase International: live order book, 26 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, 25 min ago9.33 bp56.7 bp −$57doesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 26 min ago15.23 bp20.2 bp −$20doesn'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-INTXshort−0.0416%1h0.4240−1.026%$118K$41K50x
dYdX LDO-USD0.0000%1h0.4280−0.087%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4275−0.209%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.060%$4K$1312xas long as short
BloFin LDO-USDT+0.0082%8h0.4266−0.419%$908K$252K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4284+0.009%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4288+0.085%$11.7M$3.2M5xas long as short
Aster LDOUSDTlong+0.0100%8h0.4284long leg$168K$120K10x
Pacifica LDO+0.0100%1h0.4285+0.026%$110K$46K10xas long as short
Binance LDOUSDT+0.0100%8h0.4286+0.048%$18.0M$31.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4283−0.022%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4282−0.045%$4.0M$6.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4287+0.071%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4285+0.025%$7.7M$6.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4286+0.048%$2.7M$3.8M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4283−0.022%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4282−0.045%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4277−0.162%$91K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4242−0.985%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4252−0.757%$301K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4260−0.559%$32K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4286+0.060%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4378+2.196%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4282−0.049%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4274−0.226%$38K3xas long as short
Lighter LDO+0.0184%1h0.4292+0.193%$872K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4285+0.019%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4282−0.037%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0493%1h0.4278−0.147%$1.1M$684K50xas long as short