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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Bitget+0.189%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$620.619% 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)+0.095%+$10 · spread now +0.189%, 7d avg +0.153%
Together, before fees+0.057%+$6 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 0.035% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.153%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LDOUSDT0.42420.0100pay 0.0100% / 8h3h 12m$3.3M$3.1M75x
ShortApeX Omni LDOUSDT0.42500.0100get 0.0013% / 1h12m 50s$32K$639K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: +0.189% → +0.153%
$3.52
Slippage, 4 orders
−$39.92
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$58.41
Costs to cover
0.619%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 40 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 Bitget live order book, 5 min ago2.35 bp17.6 bp −$1844.5 bp −$445doesn't fitdoesn't fit
Sell ApeX Omni live order book, 40 min ago6.99 bp14.5 bp −$15118.9 bp −$1,189doesn'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−0.0352%1h0.4227−0.354%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4246+0.104%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4247+0.118%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.112%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4244+0.041%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4248+0.134%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4245+0.071%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4245+0.069%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4245+0.071%$17.8M$30.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4244+0.047%$16.1M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4244+0.047%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4243+0.024%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4246+0.094%$7.5M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4246+0.094%$2.7M$3.6M50xas long as short
Bitget LDOUSDTlong+0.0100%8h0.4242long leg$3.3M$3.1M75x
BingX LDO-USDT+0.0100%8h0.4244+0.047%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4245+0.083%$91K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4248+0.136%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4246+0.096%$303K$3.4M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4250+0.189%$32K$639K50x
Polymarket Perps LDO-USD+0.0100%1h0.4248+0.151%$21K$246K5xas long as short
SunX LDO-USDT+0.0100%8h0.4345+2.428%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4243+0.024%$256K$1.1M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4247+0.118%$38K3xas long as short
BloFin LDO-USDT+0.0129%8h0.4249+0.165%$905K$255K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4245+0.074%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4244+0.044%$296K15xas long as short
Kraken Futures PF_LDOUSD+0.0396%1h0.4250+0.184%$1.1M$658K50xas long as short
Lighter LDO+0.0472%1h0.4253+0.259%$855K$269K10xas long as short