Funding arb · Price arb /

LDO

all LDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.312%

Price spread now: MEXC against Coinbase International−0.094%7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$530.530% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.644%+$64 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.094%, 7d avg +0.074%

Together, before fees+0.599%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.168% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.074%). If the spread goes back, that is −$17 on $10k: about 26 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LDO-PERP-INTX	0.4261	−0.0416	get 0.0052% / 1h	47m 32s	$119K	$41K	50x
Short	MEXC LDO_USDT	0.4257	0.0100	get 0.0100% / 8h	4h 47m	$7.6M	$6.4M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now −0.094%Rate

Funding earned: $108.36
Price spread: −0.094% → +0.074%: −$16.83
Slippage, 4 orders: −$43.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $38.49
Costs to cover: 0.530%
Break-even: 4.5 days

Slippage from Coinbase International: live order book, 10 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 10 min ago	15.23 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.17 bp	3.0 bp −$3	11.0 bp −$110	42.4 bp −$4,237	140.6 bp −$70.3K

LDO on 29 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTXlong	−0.0416%	1h	0.4261	long leg	$119K	$41K	50x
dYdX LDO-USD	0.0000%	1h	0.4260	−0.023%	$82K	$5K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4258	−0.070%	$7K	$20K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−3.544%	$4K	$13	12x	as long as short
Lighter LDO	+0.0096%	1h	0.4263	+0.047%	$866K	$265K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4255	−0.136%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4255	−0.129%	$11.6M	$3.2M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4257	−0.095%	$167K	$116K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4256	−0.111%	$109K	$53K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4260	−0.032%	$17.9M	$31.1M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LDOUSDT	+0.0100%	8h	0.4254	−0.164%	$16.0M	$10.0M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4254	−0.164%	$4.0M	$6.8M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4257	−0.094%	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDTshort	+0.0100%	8h	0.4257	−0.094%	$7.6M	$6.4M	200x
KuCoin LDOUSDTM	+0.0100%	8h	0.4256	−0.117%	$2.7M	$3.8M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4256	−0.117%	$3.3M	$3.1M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4257	−0.094%	—	$9.9M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4259	−0.056%	$92K	$178K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4260	−0.017%	$200K	$60K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4256	−0.118%	$303K	$3.3M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4260	−0.023%	$32K	$640K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4263	+0.049%	$23K	$516K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4359	+2.300%	$1K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4255	−0.132%	$256K	$1.3M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4255	−0.141%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0124%	8h	0.4256	−0.117%	$915K	$252K	75x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0319% / S −0.0201%	1h	0.4260	−0.023%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0340%	1h	0.4259	−0.057%	$297K	—	15x	as long as short
Kraken Futures PF_LDOUSD	+0.0495%	1h	0.4261	−0.011%	$1.1M	$683K	50x	as long as short