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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0564%/8h= +61.8% APRpaid last 24h +0.297%
Price spread now: KuCoin against Coinbase International+0.883%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2952.952% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.566%+$57 on $10k
Price spread, last 4 days (all we have)−1.123%−$112 · spread now +0.883%, 7d avg +0.088%
Together, before fees−0.557%−$56 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and KuCoin is 0.795% dearer against Coinbase International than usual: you sell high and buy low: +$80 more if the spread goes back to its 7-day average of +0.088%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4192−0.0464get 0.0058% / 1h15m 54s$117K$41K50x
ShortKuCoin LDOUSDTM0.42290.0100get 0.0100% / 8h2h 15m$2.7M$3.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$118.44
Price spread: +0.883% → +0.088%
$79.5
Slippage, 4 orders
−$273.23
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$97.29
Costs to cover
2.952%
Break-even
12.7 days
Slippage from Coinbase International: live order book, 32 min ago; KuCoin: live order book, 6 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, 32 min ago27.25 bp34.6 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago1.18 bp42.7 bp −$43279.0 bp −$2,790doesn'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−0.0464%1h0.4192long leg$117K$41K50x
dYdX LDO-USD0.0000%1h0.4226+0.818%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4228+0.859%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.956%$4K$1112xas long as short
BloFin LDO-USDT+0.0072%8h0.4230+0.906%$887K$258K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4224+0.759%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4232+0.947%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4232+0.964%$167K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4228+0.848%$107K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4232+0.964%$17.7M$31.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4229+0.883%$16.1M$10.2M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4227+0.835%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4228+0.859%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4230+0.906%$7.2M$5.9M200xas long as short
KuCoin LDOUSDTMshort+0.0100%8h0.4229+0.883%$2.7M$3.5M50x
Bitget LDOUSDT+0.0100%8h0.4226+0.811%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4229+0.883%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4228+0.866%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4215+0.543%$196K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4231+0.931%$298K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4230+0.906%$32K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4230+0.906%$22K$380K5xas long as short
SunX LDO-USDT+0.0100%8h0.4329+3.268%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4226+0.820%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4228+0.847%$37K3xas long as short
Lighter LDO+0.0200%1h0.4236+1.042%$854K$267K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4228+0.851%$23K100xas long as short
Reya LDORUSDPERP+0.0343%1h0.4227+0.826%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0598%1h0.4230+0.897%$1.1M$660K50xas long as short