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: KuCoin against Bybit0.000%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1101.098% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$8 on $10k
Price spread, last 7 days+0.084%+$8 · spread now 0.000%, 7d avg +0.074%
Together, before fees+0.009%+$1 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: KuCoin is 0.074% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42850.0100pay 0.0100% / 8h5h 37m$16.1M$10.4M50x
ShortKuCoin LDOUSDTM0.42850.0100get 0.0100% / 8h5h 37m$2.7M$4.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: 0.000% → +0.074%
−$7.37
Slippage, 4 orders
−$86.85
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$117.22
Costs to cover
1.098%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: 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 ago1.17 bp12.7 bp −$1335.9 bp −$359doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago2.33 bp48.1 bp −$48272.7 bp −$2,727doesn'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−0.0512%1h0.4259−0.607%$119K$43K50xas long as short
dYdX LDO-USD0.0000%1h0.4284−0.020%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.084%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4283−0.047%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4291+0.142%$11.7M$3.3M5xas long as short
Aster LDOUSDT+0.0100%8h0.4287+0.050%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4283−0.043%$110K$131K10xas long as short
Binance LDOUSDT+0.0100%8h0.4289+0.102%$17.9M$31.8M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4285long leg$16.1M$10.4M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4286+0.023%$4.0M$7.2M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4284−0.023%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4290+0.117%$7.8M$6.9M200xas long as short
KuCoin LDOUSDTMshort+0.0100%8h0.42850.000%$2.7M$4.0M50x
Bitget LDOUSDT+0.0100%8h0.4286+0.023%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4284−0.023%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4280−0.105%$87K$144K10xas long as short
Variational Omni LDO+0.0100%8h0.4279−0.136%$201K$68Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4281−0.101%$305K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−0.117%$33K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4291+0.142%$23K$686K5xas long as short
SunX LDO-USDT+0.0100%8h0.4389+2.427%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4285+0.002%$258K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4289+0.096%$38K3xas long as short
BloFin LDO-USDT+0.0115%8h0.4279−0.140%$911K$254K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0216%1h0.4290+0.117%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4290+0.105%$23K100xas long as short
Reya LDORUSDPERP+0.0339%1h0.4286+0.025%$299K15xas long as short
Lighter LDO+0.0368%1h0.4292+0.170%$872K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0576%1h0.4292+0.165%$1.2M$697K50xas long as short