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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Polymarket Perps against Binance+0.172%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$380.376% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.231%−$23 on $10k
Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.172%, 7d avg +0.006%
Together, before fees−0.431%−$43 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: Polymarket Perps is 0.166% dearer against Binance than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance LDOUSDT0.42280.0100pay 0.0100% / 8h1h 42m$17.7M$31.0M75x
ShortPolymarket Perps LDO-USD0.42350.0100get 0.0013% / 1h42m 53s$22K$375K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$0
Price spread: +0.172% → +0.006%
$16.58
Slippage, 4 orders
−$19.64
Fee Binance: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$21.06
Costs to cover
0.376%
Break-even
never at this rate
Slippage from Binance: live order book, 14 min ago; Polymarket Perps: live order book, 64 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 Binance live order book, 14 min ago1.18 bp11.2 bp −$1125.3 bp −$253236.4 bp −$23.6Kdoesn't fit
Sell Polymarket Perps live order book, 64 min ago3.67 bp7.7 bp −$88.1 bp −$81doesn'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−0.0648%1h0.4213−0.353%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4230+0.049%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4233+0.120%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.790%$4K$1112xas long as short
BloFin LDO-USDT+0.0093%8h0.4232+0.096%$895K$259K75xas long as short
Lighter LDO+0.0096%1h0.4238+0.228%$854K$270K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4229+0.019%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4231+0.077%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4230+0.054%$166K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4230+0.048%$107K$28K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDTlong+0.0100%8h0.4228long leg$17.7M$31.0M75x
Bybit LDOUSDT+0.0100%8h0.4223−0.117%$16.0M$10.1M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4222−0.140%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4230+0.049%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4229+0.025%$6.8M$5.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4228+0.001%$2.7M$3.4M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4226−0.046%$3.3M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4228+0.001%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4230+0.042%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4226−0.052%$197K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4234+0.154%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4240+0.285%$32K$636K50xas long as short
Polymarket Perps LDO-USDshort+0.0100%1h0.4235+0.172%$22K$375K5x
SunX LDO-USDT+0.0100%8h0.4333+2.485%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4225−0.074%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4232+0.091%$37K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4232+0.107%$23K100xas long as short
Reya LDORUSDPERP+0.0344%1h0.4230+0.040%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0380%1h0.4226−0.044%$1.1M$662K50xas long as short