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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.068%
Price spread now: Reya against BingX−0.241%50s7-day average −0.035% · 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)+0.196%+$20 on $10k
Price spread, last 4 days (all we have)+0.287%+$29 · spread now −0.241%, 7d avg −0.035%
Together, before fees+0.483%+ Points / potential airdropReya: Active · farm board+$48 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.206% cheaper against BingX than usual: you would sell low and buy high (spread −0.241% now, against its 7-day average of −0.035%). If the spread goes back, that is −$21 on $10k: about 2.8 days of funding at the current rate (+$7 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LDO-USDT0.42050.0100pay 0.0100% / 8h2h 22m$10.0M
ShortReya LDORUSDPERP0.41950.0343get 0.0043% / 1h22m 34s$293K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$51.03
Price spread: −0.241% → −0.035%
−$20.63
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$14.4
Costs to cover
0.160%
Break-even
5.0 days
Slippage unknown: BingX: live order book, 16 min ago; Reya: 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 BingX live order book, 16 min ago3.56 bp12.6 bp −$1324.5 bp −$245189.0 bp −$18.9K415.3 bp −$207.6K
Sell Reya no order-book sample
Reya: 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−0.0464%1h0.4192−0.309%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4204−0.021%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4200−0.119%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.259%$4K$1112xas long as short
BloFin LDO-USDT+0.0085%8h0.4202−0.071%$892K$257K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4205−0.008%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4208+0.076%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4210+0.123%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4209+0.095%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4210+0.128%$17.6M$31.2M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4210+0.119%$16.0M$10.2M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4211+0.143%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4207+0.048%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4211+0.143%$7.2M$5.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.42050.000%$2.7M$3.5M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4209+0.095%$3.2M$3.2M75xas long as short
BingX LDO-USDTlong+0.0100%8h0.4205long leg$10.0M
Backpack LDO_USDC_PERP+0.0100%1h0.4201−0.086%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4183−0.528%$196K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4195−0.239%$301K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4180−0.595%$32K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4199−0.155%$22K$380K5xas long as short
SunX LDO-USDT+0.0100%8h0.4298+2.212%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4206+0.032%$251K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4198−0.166%$37K3xas long as short
Lighter LDO+0.0240%1h0.4214+0.219%$850K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4198−0.177%$23K100xas long as short
Reya LDORUSDPERPshort+0.0343%1h0.4195−0.241%$293K15x
Kraken Futures PF_LDOUSD+0.0601%1h0.4203−0.048%$1.1M$660K50xas long as short