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: Bitget against Bybit−0.094%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$650.652% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.109%+$11 on $10k
Price spread, last 7 days+0.131%+$13 · spread now −0.094%, 7d avg +0.043%
Together, before fees+0.240%+$24 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: Bitget is 0.136% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42640.0100pay 0.0100% / 8h6h 55m$16.1M$11.3M50x
ShortBitget LDOUSDT0.42600.0100get 0.0100% / 8h6h 55m$3.3M$3.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.094% → +0.043%
−$13.65
Slippage, 4 orders
−$42.16
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$78.81
Costs to cover
0.652%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 2 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, 3 min ago1.17 bp15.3 bp −$1536.9 bp −$369doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.50 bp15.2 bp −$1549.7 bp −$497doesn'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−0.0416%1h0.4271+0.164%$119K$45K50xas long as short
dYdX LDO-USD0.0000%1h0.4264−0.005%$82K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4265+0.023%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.612%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4266+0.051%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4265+0.023%$11.8M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4268+0.086%$168K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4265+0.031%$109K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4265+0.023%$17.9M$34.9M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4264long leg$16.1M$11.3M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.42640.000%$4.0M$8.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4265+0.023%$1.4M$939K50xas long as short
MEXC LDO_USDT+0.0100%8h0.4269+0.117%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.42640.000%$2.8M$4.1M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.4260−0.094%$3.3M$3.4M75x
BingX LDO-USDT+0.0100%8h0.4263−0.023%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4260−0.087%$88K$153K10xas long as short
Variational Omni LDO+0.0100%8h0.4257−0.156%$200K$80Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4293+0.676%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290+0.610%$33K$645K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4266+0.056%$23K$720K5xas long as short
SunX LDO-USDT+0.0100%8h0.4361+2.275%$2K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4261−0.082%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4262−0.038%$38K3xas long as short
BloFin LDO-USDT+0.0114%8h0.4284+0.469%$920K$208K75xas long as short
Lighter LDO+0.0184%1h0.4272+0.185%$867K$267K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4263−0.033%$23K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4262−0.038%$297K15xas long as short
Kraken Futures PF_LDOUSD+0.0564%1h0.4265+0.013%$1.1M$507K50xas long as short