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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h +0.003%
Price spread now: Pacifica against BloFin−0.123%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.059%+$6 on $10k
Price spread, last 3 days (all we have)+0.138%+$14 · spread now −0.123%, 7d avg −0.003%
Together, before fees+0.197%+ Points / potential airdropPacifica: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.120% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.003%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.059%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LDO-USDT0.43430.0128pay 0.0128% / 8h28m 57s$792K$220K75x
ShortPacifica LDO0.43380.0100get 0.0013% / 1h28m 57s$111K$178K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$5.98
Price spread: −0.123% → −0.003%
−$11.98
Slippage, 4 orders
−$43.28
Fee BloFin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$81.24
Costs to cover
0.633%
Break-even
never at this rate
Slippage from BloFin: live order book, 48 min ago; Pacifica: live order book, 49 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 BloFin live order book, 48 min ago3.46 bp11.7 bp −$1216.4 bp −$16466.4 bp −$6,639doesn't fit
Sell Pacifica live order book, 49 min ago9.23 bp15.4 bp −$15doesn't fitdoesn'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−0.5000%1h0.4110−5.365%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4332−0.253%$118K$53K50xas long as short
dYdX LDO-USD0.0000%1h0.4340−0.069%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.43430.000%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4346+0.077%$1.1M$525K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4336−0.154%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4348+0.104%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4346+0.074%$171K$149K10xas long as short
Pacifica LDOshort+0.0100%1h0.4338−0.123%$111K$178K10x
Binance LDOUSDT+0.0100%8h0.4344+0.027%$18.1M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4341−0.046%$16.5M$12.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4338−0.115%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4342−0.023%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.43430.000%$8.4M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4342−0.023%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4341−0.046%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.43430.000%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4342−0.023%$88K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4337−0.138%$203K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4341−0.046%$308K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4350+0.161%$35K$649K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4339−0.097%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4438+2.187%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4338−0.111%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4342−0.033%$38K3xas long as short
BloFin LDO-USDTlong+0.0128%8h0.4343long leg$792K$220K75x
Lighter LDO+0.0224%1h0.4352+0.210%$883K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4339−0.087%$24K100xas long as short
Reya LDORUSDPERP+0.0335%1h0.4335−0.184%$302K15xas long as short