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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Pacifica against Backpack+0.016%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$600.597% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.218%+$22 on $10k
Price spread, last 4 days (all we have)+0.190%+$19 · spread now +0.016%, 7d avg +0.027%
Together, before fees+0.408%+ Points / potential airdropPacifica: Active · farm board+$41 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack LDO_USDC_PERP0.43230.0100pay 0.0013% / 1h41m 13s$86K$182K10x
ShortPacifica LDO0.43240.0100get 0.0013% / 1h41m 13s$111K$178K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
Price spread: +0.016% → +0.027%
−$1.07
Slippage, 4 orders
−$41.69
Fee Backpack: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$60.76
Costs to cover
0.597%
Break-even
never at this rate
Slippage from Backpack: live order book, 42 min ago; Pacifica: live order book, 42 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 Backpack live order book, 42 min ago1.83 bp13.6 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 42 min ago3.44 bp15.9 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
Injective LDO/USDC PERP−0.0851%1h0.4110−4.934%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−1.187%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4323−0.018%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4326+0.062%$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4322−0.035%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4327+0.086%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4329+0.140%$170K$152K10xas long as short
Pacifica LDOshort+0.0100%1h0.4324+0.016%$111K$178K10x
Binance LDOUSDT+0.0100%8h0.4326+0.062%$18.0M$38.3M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4320−0.076%$16.5M$13.3M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4321−0.053%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4324+0.016%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4325+0.039%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4325+0.039%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4322−0.030%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4323−0.007%$3.8Mas long as short
Backpack LDO_USDC_PERPlong+0.0100%1h0.4323long leg$86K$182K10x
Variational Omni LDO+0.0100%8h0.4311−0.282%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4322−0.024%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4320−0.076%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4325+0.046%$23K$741K5xas long as short
SunX LDO-USDT+0.0100%8h0.4428+2.422%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4321−0.061%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4326+0.068%$38K3xas long as short
BloFin LDO-USDT+0.0110%8h0.4326+0.062%$788K$229K75xas long as short
Lighter LDO+0.0160%1h0.4335+0.259%$880K$267K10xas long as short
Kraken Futures PF_LDOUSD+0.0297%1h0.4327+0.084%$1.1M$562K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4326+0.072%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4320−0.067%$301K15xas long as short