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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Pacifica against Bybit+0.130%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$670.668% 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 4 days (all we have)+0.051%+$5 · spread now +0.130%, 7d avg +0.091%
Together, before fees+0.159%+ Points / potential airdropPacifica: Active · farm board+$16 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: Pacifica is 0.038% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42710.0100pay 0.0100% / 8h4h 53m$16.1M$9.9M50x
ShortPacifica LDO0.42770.0100get 0.0013% / 1h53m 33s$110K$86K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.130% → +0.091%
$3.82
Slippage, 4 orders
−$47.81
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$62.98
Costs to cover
0.668%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 4 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, 5 min ago1.17 bp14.8 bp −$1536.1 bp −$361doesn't fitdoesn't fit
Sell Pacifica live order book, 4 min ago5.84 bp19.5 bp −$19doesn't fitdoesn'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%1h0.4288+0.398%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4272+0.029%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4273+0.047%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.770%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4272+0.030%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4277+0.143%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4279+0.182%$168K$116K10xas long as short
Pacifica LDOshort+0.0100%1h0.4277+0.130%$110K$86K10x
Binance LDOUSDT+0.0100%8h0.4277+0.134%$17.9M$31.1M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4271long leg$16.1M$9.9M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4273+0.047%$4.0M$6.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4276+0.117%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4276+0.117%$7.7M$6.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4276+0.117%$2.7M$3.8M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4275+0.094%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4274+0.070%$9.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4273+0.049%$93K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4283+0.276%$201K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4279+0.188%$301K$3.3M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4270−0.023%$33K$641K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4277+0.140%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4375+2.435%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4272+0.021%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4272+0.030%$38K3xas long as short
BloFin LDO-USDT+0.0117%8h0.4278+0.164%$922K$253K75xas long as short
Lighter LDO+0.0128%1h0.4284+0.304%$870K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4273+0.058%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4273+0.054%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0493%1h0.4277+0.134%$1.1M$683K50xas long as short