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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Binance against Bybit+0.093%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$520.518% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 7 days−0.047%−$5 · spread now +0.093%, 7d avg +0.076%
Together, before fees−0.036%−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42910.0100pay 0.0100% / 8h6h 06m$16.1M$10.7M50x
ShortBinance LDOUSDT0.42950.0100get 0.0100% / 8h6h 06m$18.0M$33.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: +0.093% → +0.076%
$1.73
Slippage, 4 orders
−$30.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$50.07
Costs to cover
0.518%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 5 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, 1 min ago2.33 bp11.9 bp −$1232.7 bp −$327doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago1.17 bp11.2 bp −$1128.9 bp −$289130.4 bp −$13.0Kdoesn't fit

LDO on 28 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−0.0416%1h0.4259−0.746%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4286−0.113%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4294+0.070%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.218%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4291+0.003%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4295+0.100%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4293+0.056%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4294+0.075%$110K$158K10xas long as short
Binance LDOUSDTshort+0.0100%8h0.4295+0.093%$18.0M$33.0M75x
Bybit LDOUSDTlong+0.0100%8h0.4291long leg$16.1M$10.7M50x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4290−0.023%$4.0M$7.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4294+0.070%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4295+0.093%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4292+0.023%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4290−0.023%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4292+0.023%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4294+0.063%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4287−0.099%$201K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4277−0.326%$304K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−0.256%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4292+0.016%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4394+2.400%$1K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4289−0.053%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4291+0.007%$38K3xas long as short
Lighter LDO+0.0280%1h0.4301+0.240%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4292+0.017%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4288−0.068%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4297+0.133%$1.2M$774K50xas long as short