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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0718%/8h= +78.7% APRpaid last 24h +0.349%
Price spread now: BloFin against Coinbase International+1.662%7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs+$88as in the Price arb table
costs, in and out, $10k−$680.679% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.650%+$65 on $10k
Price spread, last 3 days (all we have)−1.863%−$186 · spread now +1.662%, 7d avg +0.106%
Together, before fees−1.213%−$121 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BloFin is 1.555% dearer against Coinbase International than usual: you sell high and buy low: +$156 more if the spread goes back to its 7-day average of +0.106%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4272−0.0600get 0.0075% / 1h38m 36s$116K$54K50x
ShortBloFin LDO-USDT0.43430.0118get 0.0118% / 8h1h 38m$792K$230K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$150.86
Price spread: +1.662% → +0.106%
$155.55
Slippage, 4 orders
−$45.86
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$238.56
Costs to cover
0.679%
Break-even
from the start
Slippage from Coinbase International: live order book, 44 min ago; BloFin: live order book, 43 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, 44 min ago14.91 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 43 min ago6.88 bp12.9 bp −$1319.0 bp −$19061.1 bp −$6,107doesn'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
Injective LDO/USDC PERP−0.0851%1h0.4110−3.792%$4K$1412xas long as short
Coinbase International LDO-PERP-INTXlong−0.0600%1h0.4272long leg$116K$54K50x
dYdX LDO-USD0.0000%1h0.4344+1.696%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4345+1.709%$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4345+1.701%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4348+1.784%$12.0M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4344+1.691%$171K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4346+1.732%$112K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4347+1.756%$18.1M$38.3M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4343+1.662%$16.6M$13.3M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4341+1.615%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4344+1.685%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4346+1.732%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4345+1.709%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4343+1.662%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4344+1.685%$3.8Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4345+1.704%$86K$182K10xas long as short
Variational Omni LDO+0.0100%8h0.4318+1.077%$202K$85Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4324+1.217%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4330+1.358%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4337+1.524%$23K$741K5xas long as short
SunX LDO-USDT+0.0100%8h0.4439+3.909%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4342+1.633%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4345+1.720%$38K3xas long as short
BloFin LDO-USDTshort+0.0118%8h0.4343+1.662%$792K$230K75x
Lighter LDO+0.0176%1h0.4355+1.950%$884K$267K10xas long as short
Kraken Futures PF_LDOUSD+0.0295%1h0.4345+1.705%$1.1M$563K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4345+1.702%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4341+1.605%$303K15xas long as short