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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Aevo against Backpack−0.111%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.111% cheaper against Backpack than usual: you would sell low and buy high, −$11 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack LDO_USDC_PERP0.43060.0103pay 0.0013% / 1h56m 32s$86K$186K10x
ShortAevo LDO-PERP0.43020.0104get 0.0013% / 1h56m 32s$38K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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
$0.19
Price spread: −0.111% → 0.000%
−$11.05
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$36.86
Costs to cover
0.260%
Break-even
1374.6 days
Slippage unknown: Backpack: live order book, 27 min ago; Aevo: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 27 min ago1.83 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective LDO/USDC PERP−0.0851%1h0.4270−0.848%$4K$1312xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−0.801%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4301−0.137%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4302−0.104%$3K$10K25xas long as short
Lighter LDO+0.0096%1h0.4325+0.432%$878K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4309+0.068%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4315+0.207%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4312+0.123%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4312+0.128%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4313+0.143%$17.9M$38.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4307+0.012%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4307+0.012%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4307+0.012%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4312+0.128%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4311+0.104%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4309+0.058%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4310+0.081%$3.9Mas long as short
Variational Omni LDO+0.0100%8h0.4292−0.330%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4296−0.244%$308K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300−0.151%$34K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4314+0.170%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4403+2.241%$1K$1.5M20xas long as short
Backpack LDO_USDC_PERPlong+0.0103%1h0.4306long leg$86K$186K10x
Extended LDO-USD+0.0104%1h0.4309+0.048%$259K$1.0M25xas long as short
Aevo LDO-PERPshort+0.0104%1h0.4302−0.111%$38K3x
BloFin LDO-USDT+0.0117%8h0.4298−0.197%$788K$227K75xas long as short
Kraken Futures PF_LDOUSD+0.0298%1h0.4305−0.035%$1.1M$564K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4301−0.133%$23K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4295−0.261%$300K15xas long as short