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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.325%
Price spread now: Bitget against Coinbase International+0.446%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$750.754% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.736%+$74 on $10k
Price spread, last 4 days (all we have)−0.723%−$72 · spread now +0.446%, 7d avg +0.033%
Together, before fees+0.013%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bitget is 0.413% dearer against Coinbase International than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4259−0.0512get 0.0064% / 1h44m 16s$119K$43K50x
ShortBitget LDOUSDT0.42780.0100get 0.0100% / 8h5h 44m$3.3M$3.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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
$128.52
Price spread: +0.446% → +0.033%
$41.31
Slippage, 4 orders
−$53.35
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
$94.48
Costs to cover
0.754%
Break-even
1.9 days
Slippage from Coinbase International: live order book, 18 min ago; Bitget: 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 Coinbase International live order book, 18 min ago13.96 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago2.34 bp16.5 bp −$1633.4 bp −$334doesn'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-INTXlong−0.0512%1h0.4259long leg$119K$43K50x
dYdX LDO-USD0.0000%1h0.4280+0.493%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4279+0.470%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.498%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4276+0.404%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4279+0.470%$11.7M$3.3M5xas long as short
Aster LDOUSDT+0.0100%8h0.4280+0.486%$168K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4281+0.515%$110K$131K10xas long as short
Binance LDOUSDT+0.0100%8h0.4278+0.455%$17.9M$32.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4277+0.423%$16.1M$10.5M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4280+0.493%$4.0M$7.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4279+0.470%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4281+0.517%$7.7M$6.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4278+0.446%$2.7M$4.0M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.4278+0.446%$3.3M$3.2M75x
BingX LDO-USDT+0.0100%8h0.4275+0.376%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4279+0.472%$89K$142K10xas long as short
Variational Omni LDO+0.0100%8h0.4268+0.206%$200K$68Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4268+0.214%$303K$3.3M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280+0.493%$33K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4279+0.479%$23K$686K5xas long as short
SunX LDO-USDT+0.0100%8h0.4378+2.794%$2K$1.2M20xas long as short
BloFin LDO-USDT+0.0103%8h0.4280+0.493%$255K75xas long as short
Extended LDO-USD+0.0104%1h0.4276+0.390%$258K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4278+0.440%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4276+0.393%$23K100xas long as short
Reya LDORUSDPERP+0.0339%1h0.4275+0.377%$298K15xas long as short
Lighter LDO+0.0384%1h0.4287+0.667%$871K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0577%1h0.4283+0.552%$1.2M$711K50xas long as short