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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1052%/8h= +115.2% APRpaid last 24h +0.303%
Price spread now: SunX against Coinbase International+3.173%7-day average +2.419% · you sell dearer than you buy
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 7 days+0.763%+$76 on $10k
Price spread, last 4 days (all we have)−1.139%−$114 · spread now +3.173%, 7d avg +2.419%
Together, before fees−0.376%−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and SunX is 0.754% dearer against Coinbase International than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of +2.419%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4191−0.0952get 0.0119% / 1h22m 36s$115K$40K50x
ShortSunX LDO-USDT0.43240.0100get 0.0100% / 8h7h 22m$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$220.92
Price spread: +3.173% → +2.419%
$75.43
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
$278.35
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 10 min ago; SunX: live order book, 11 min ago. 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 Coinbase International live order book, 10 min ago4.78 bp12.2 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 11 min ago255.27 bpdoesn't fitdoesn't fitdoesn'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−0.0952%1h0.4191long leg$115K$40K50x
Kraken Futures PF_LDOUSD−0.0366%1h0.4234+1.037%$1.1M$742K50xas long as short
dYdX LDO-USD0.0000%1h0.4233+1.009%$81K$3K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.933%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4230+0.921%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4234+1.024%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4233+1.002%$167K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4232+0.978%$107K$29K10xas long as short
Binance LDOUSDT+0.0100%8h0.4232+0.975%$17.9M$31.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4230+0.931%$16.3M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4228+0.883%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4234+1.026%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4233+1.002%$7.0M$5.7M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4232+0.978%$2.6M$3.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4231+0.954%$3.2M$2.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4232+0.978%$10.2Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4233+1.000%$87K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4179−0.294%$200K$67Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4196+0.117%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4190−0.024%$31K$636K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4224+0.775%$25K$375K5xas long as short
SunX LDO-USDTshort+0.0100%8h0.4324+3.173%$2K$1.2M20x
Extended LDO-USD+0.0104%1h0.4229+0.916%$254K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4228+0.891%$37K3xas long as short
BloFin LDO-USDT+0.0128%8h0.4229+0.907%$895K$260K75xas long as short
Lighter LDO+0.0200%1h0.4240+1.162%$855K$273K10xas long as short
Deribit LDO_USDC-PERPETUAL+0.0223%1h0.4230+0.931%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4229+0.896%$23K100xas long as short
Reya LDORUSDPERP+0.0347%1h0.4223+0.760%$295K15xas long as short