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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0372%/8h= +40.8% APRpaid last 24h −0.047%
Price spread now: Deribit against BloFin0.000%57s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LDO-USDT0.42870.0078pay 0.0078% / 8h3h 58m$909K$253K75x
ShortDeribit LDO_USDC-PERPETUAL0.42870.0450get 0.0056% / 1h58m 08s$7K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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
$78.16
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$59.16
Costs to cover
0.190%
Break-even
1.7 days
Slippage unknown: BloFin: live order book, 34 min ago; Deribit: 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 BloFin live order book, 34 min ago3.50 bp9.5 bp −$1019.7 bp −$197122.4 bp −$12.2Kdoesn't fit
Sell Deribit no order-book sample
Deribit: 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−0.0352%1h0.4268−0.443%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4286−0.030%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.129%$4K$1312xas long as short
BloFin LDO-USDTlong+0.0078%8h0.4287long leg$909K$253K75x
Paradex LDO-USD-PERP+0.0100%8h0.4282−0.106%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4289+0.049%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4290+0.062%$169K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4287+0.007%$110K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.42870.000%$18.0M$30.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4283−0.093%$16.1M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4285−0.047%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4286−0.023%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4284−0.070%$7.7M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4285−0.047%$2.8M$3.7M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4283−0.093%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4285−0.047%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4285−0.040%$91K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4284−0.076%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4276−0.257%$306K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−0.163%$33K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4286−0.014%$23K$508K5xas long as short
SunX LDO-USDT+0.0100%8h0.4386+2.309%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4281−0.150%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4285−0.051%$38K3xas long as short
Lighter LDO+0.0256%1h0.4294+0.173%$875K$244K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4282−0.110%$23K100xas long as short
Reya LDORUSDPERP+0.0341%1h0.4280−0.155%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0393%1h0.4287+0.010%$1.2M$677K50xas long as short
Deribit LDO_USDC-PERPETUALshort+0.0450%1h0.42870.000%$7K$20K25x