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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.082%
Price spread now: Reya against Bybit−0.116%7-day average +0.005% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.212%+$21 on $10k
Price spread, last 4 days (all we have)+0.229%+$23 · spread now −0.116%, 7d avg +0.005%
Together, before fees+0.441%+ Points / potential airdropReya: Active · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Reya is 0.121% cheaper against Bybit than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.005%). If the spread goes back, that is −$12 on $10k: about 40 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42360.0100pay 0.0100% / 8h2h 57m$16.0M$10.1M50x
ShortReya LDORUSDPERP0.42310.0342get 0.0043% / 1h57m 07s$295K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$50.87
Price spread: −0.116% → +0.005%
−$12.08
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Reya: 3 bp × 2 orders
−$6
Net
$21.79
Costs to cover
0.170%
Break-even
4.0 days
Slippage unknown: Bybit: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

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 ago2.37 bp12.0 bp −$1233.8 bp −$338doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0464%1h0.4189−1.110%$116K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.4224−0.277%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.42360.000%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.975%$4K$1112xas long as short
BloFin LDO-USDT+0.0073%8h0.4231−0.118%$901K$257K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4227−0.219%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4241+0.113%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4234−0.040%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4227−0.223%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4238+0.047%$17.8M$30.9M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDTlong+0.0100%8h0.4236long leg$16.0M$10.1M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4238+0.047%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4232−0.094%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4237+0.024%$7.4M$5.8M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4234−0.047%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4237+0.024%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4235−0.024%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4239+0.071%$90K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4219−0.395%$198K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4223−0.316%$301K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4220−0.378%$32K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4233−0.073%$29K$363K5xas long as short
SunX LDO-USDT+0.0100%8h0.4335+2.337%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4233−0.080%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4236+0.011%$37K3xas long as short
Lighter LDO+0.0224%1h0.4244+0.191%$855K$263K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4234−0.059%$23K100xas long as short
Reya LDORUSDPERPshort+0.0342%1h0.4231−0.116%$295K15x
Kraken Futures PF_LDOUSD+0.0596%1h0.4238+0.052%$1.1M$657K50xas long as short