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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: GRVT against BingX−0.179%84s7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$660.657% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 days+0.275%+$27 · spread now −0.179%, 7d avg +0.048%
Together, before fees+0.222%+ Points / potential airdropGRVT: Active · farm board+$22 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: GRVT is 0.227% cheaper against BingX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 84 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LDO-USDT0.43300.0100pay 0.0100% / 8h1h 40m$3.8M
ShortGRVT LDO_USDT_Perp0.43220.0100get 0.0100% / 8h1h 40m$306K$3.5M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.179% → +0.048%
−$22.66
Slippage, 4 orders
−$46.74
Fee BingX: 5 bp × 2 orders
−$10
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$88.41
Costs to cover
0.657%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; GRVT: live order book, 4 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, 10 min ago3.48 bp10.4 bp −$1018.4 bp −$184123.2 bp −$12.3K441.5 bp −$220.8K
Sell GRVT live order book, 4 min ago3.47 bp28.0 bp −$28105.9 bp −$1,059doesn'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%1h0.4110−5.081%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−1.339%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4326−0.083%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.43300.000%$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4327−0.067%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4334+0.085%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4332+0.046%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4329−0.023%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4330+0.002%$18.0M$38.3M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4325−0.115%$16.5M$13.3M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4327−0.069%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.43300.000%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4329−0.023%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4329−0.023%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.43300.000%$3.4M$3.8M75xas long as short
BingX LDO-USDTlong+0.0100%8h0.4330long leg$3.8M
Backpack LDO_USDC_PERP+0.0100%1h0.4332+0.048%$86K$182K10xas long as short
Variational Omni LDO+0.0100%8h0.4318−0.277%$202K$85Kas long as short
GRVT LDO_USDT_Perpshort+0.0100%8h0.4322−0.179%$306K$3.5M10x
ApeX Omni LDOUSDT+0.0100%1h0.4320−0.231%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.43300.000%$23K$741K5xas long as short
SunX LDO-USDT+0.0100%8h0.4432+2.356%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4325−0.124%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4331+0.021%$38K3xas long as short
BloFin LDO-USDT+0.0110%8h0.4326−0.092%$788K$229K75xas long as short
Lighter LDO+0.0160%1h0.4337+0.171%$880K$267K10xas long as short
Kraken Futures PF_LDOUSD+0.0296%1h0.4331+0.026%$1.1M$562K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4330+0.005%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4325−0.111%$302K15xas long as short