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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.021%
Price spread now: GMX against Binance−0.008%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance LDOUSDT0.42280.0100pay 0.0100% / 8h1h 38m$17.7M$30.9M75x
ShortGMX LDO/USD [ETH-USDC]0.4228L +0.0318% / S −0.0201%get 0.0025% / 1h38m 55s$23K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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
$21.26
Price spread: −0.008% → 0.000%
−$0.75
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$1.49
Costs to cover
0.220%
Break-even
7.5 days
Slippage unknown: Binance: live order book, 3 min ago; GMX: 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 Binance live order book, 3 min ago1.18 bp11.1 bp −$1126.1 bp −$261229.1 bp −$22.9Kdoesn't fit
Sell GMX no order-book sample
GMX: 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
Coinbase International LDO-PERP-INTX−0.0648%1h0.4206−0.527%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4230+0.040%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4227−0.030%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.798%$4K$1112xas long as short
Lighter LDO+0.0096%1h0.4236+0.187%$854K$270K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4220−0.194%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4229+0.019%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4230+0.030%$166K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4222−0.147%$106K$28K10xas long as short
Binance LDOUSDTlong+0.0100%8h0.4228long leg$17.7M$30.9M75x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4223−0.125%$16.0M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4226−0.054%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4226−0.054%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4227−0.030%$6.7M$5.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4229+0.017%$2.7M$3.4M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4226−0.054%$3.3M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4226−0.054%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4227−0.040%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4223−0.131%$197K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4228−0.007%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4230+0.040%$31K$636K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4227−0.042%$22K$370K5xas long as short
SunX LDO-USDT+0.0100%8h0.4324+2.264%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4225−0.067%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4227−0.034%$37K3xas long as short
BloFin LDO-USDT+0.0127%8h0.4228−0.007%$894K$258K75xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0318% / S −0.0201%1h0.4228−0.008%$23K100x
Reya LDORUSDPERP+0.0344%1h0.4222−0.146%$294K15xas long as short
Kraken Futures PF_LDOUSD+0.0380%1h0.4230+0.032%$1.1M$680K50xas long as short