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% APRpaid last 24h +0.012%
Price spread now: ApeX Omni against Bybit−0.069%89s7-day average +0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$650.653% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.069%+$7 on $10k
Price spread, last 3 days (all we have)+0.372%+$37 · spread now −0.069%, 7d avg +0.179%
Together, before fees+0.441%+$44 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 0.248% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.179%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.43630.0100pay 0.0100% / 8h54m 07s$16.6M$12.6M50x
ShortApeX Omni LDOUSDT0.43600.0100get 0.0013% / 1h54m 07s$35K$648K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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: −0.069% → +0.179%
−$24.81
Slippage, 4 orders
−$44.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$90.09
Costs to cover
0.653%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 24 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 Bybit live order book, 4 min ago1.15 bp18.8 bp −$1937.1 bp −$371doesn't fitdoesn't fit
Sell ApeX Omni live order book, 24 min ago6.92 bp17.3 bp −$1797.5 bp −$975doesn'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%1h0.4110−5.799%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4369+0.138%$118K$55K50xas long as short
dYdX LDO-USD0.0000%1h0.4367+0.101%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4369+0.138%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4371+0.186%$1.1M$528K50xas long as short
BloFin LDO-USDT+0.0090%8h0.4368+0.115%$791K$223K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4365+0.037%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4373+0.227%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4368+0.115%$172K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4369+0.138%$112K$178K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4369+0.132%$18.2M$37.6M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4363long leg$16.6M$12.6M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4362−0.023%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4368+0.115%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4369+0.138%$8.5M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4368+0.115%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4364+0.023%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4367+0.092%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4367+0.099%$88K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4353−0.231%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4360−0.071%$310K$3.4M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4360−0.069%$35K$648K50x
Polymarket Perps LDO-USD+0.0100%1h0.4367+0.094%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4468+2.407%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4362−0.013%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4367+0.097%$39K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4367+0.101%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4362−0.018%$304K15xas long as short
Lighter LDO+0.0504%1h0.4376+0.309%$887K$268K10xas long as short