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: Gate against Bybit+0.070%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$89as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$930.926% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days−0.066%−$7 · spread now +0.070%, 7d avg +0.039%
Together, before fees−0.027%−$3 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: Gate is 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42770.0100pay 0.0100% / 8h6h 09m$16.1M$10.8M50x
ShortGate LDO_USDT0.42800.0100get 0.0100% / 8h6h 09m$1.5M$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.070% → +0.039%
$3.16
Slippage, 4 orders
−$66.6
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$89.44
Costs to cover
0.926%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 3 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 ago1.17 bp12.8 bp −$1330.9 bp −$309doesn't fitdoesn't fit
Sell Gate live order book, 3 min ago3.50 bp28.6 bp −$29169.7 bp −$1,697doesn't fitdoesn'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%1h0.4259−0.421%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4280+0.070%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4279+0.047%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.905%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4276−0.015%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4280+0.070%$11.7M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4282+0.106%$168K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4280+0.080%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4280+0.070%$17.9M$33.0M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4277long leg$16.1M$10.8M50x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4278+0.023%$4.0M$7.6M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.4280+0.070%$1.5M$1.0M50x
MEXC LDO_USDT+0.0100%8h0.4278+0.023%$7.6M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4279+0.047%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4275−0.047%$3.3M$3.3M75xas long as short
BingX LDO-USDT+0.0100%8h0.4281+0.094%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4276−0.014%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4287+0.228%$201K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4292+0.349%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290+0.304%$33K$637K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4279+0.054%$23K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4381+2.432%$2K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4276−0.019%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4278+0.026%$38K3xas long as short
Lighter LDO+0.0272%1h0.4287+0.234%$871K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.42770.000%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4275−0.039%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0562%1h0.4281+0.091%$1.2M$774K50xas long as short