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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against BingX+0.213%68s7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$530.534% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+0.519%+$52 · spread now +0.213%, 7d avg +0.134%
Together, before fees+0.481%+$48 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: ApeX Omni is 0.079% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.134%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LDO-USDT0.42210.0100pay 0.0100% / 8h44m 22s$10.1M
ShortApeX Omni LDOUSDT0.42300.0100get 0.0013% / 1h44m 22s$31K$634K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: +0.213% → +0.134%
$7.94
Slippage, 4 orders
−$33.42
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$45.48
Costs to cover
0.534%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; ApeX Omni: live order book, 59 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 BingX live order book, 9 min ago2.38 bp12.2 bp −$1222.2 bp −$222204.3 bp −$20.4K427.5 bp −$213.7K
Sell ApeX Omni live order book, 59 min ago5.92 bp13.5 bp −$1391.6 bp −$916doesn'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−0.0920%1h0.4180−0.971%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4225+0.098%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4223+0.047%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.630%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4212−0.202%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4224+0.071%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4223+0.057%$166K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4220−0.024%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4222+0.024%$17.7M$30.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4220−0.024%$16.0M$9.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.42210.000%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.42210.000%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4220−0.024%$6.7M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4220−0.024%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4218−0.071%$3.2M$3.0M75xas long as short
BingX LDO-USDTlong+0.0100%8h0.4221long leg$10.1M
Backpack LDO_USDC_PERP+0.0100%1h0.4218−0.066%$91K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4220−0.031%$201K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4223+0.047%$299K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4230+0.213%$31K$634K50x
Polymarket Perps LDO-USD+0.0100%1h0.4222+0.019%$22K$371K5xas long as short
SunX LDO-USDT+0.0100%8h0.4314+2.203%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4219−0.051%$254K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4219−0.042%$37K3xas long as short
BloFin LDO-USDT+0.0108%8h0.4220−0.024%$888K$258K75xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4220−0.026%$1.1M$711K50xas long as short
Lighter LDO+0.0256%1h0.4228+0.159%$852K$270K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4220−0.014%$23K100xas long as short
Reya LDORUSDPERP+0.0345%1h0.4217−0.087%$294K15xas long as short