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

LDO

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Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.060%
Price spread now: ApeX Omni against Deribit+0.115%74s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.115% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit LDO_USDC-PERPETUAL0.43350get 0.0000% / 1h35m 47s$3K$10K25x
ShortApeX Omni LDOUSDT0.43400.0100get 0.0013% / 1h35m 47s$35K$647K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Deribit. 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
$21
Price spread: +0.115% → 0.000%
$11.53
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$15.53
Costs to cover
0.170%
Break-even
1.8 days
Slippage unknown: Deribit: no order-book sample; ApeX Omni: live order book, 47 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 Deribit no order-book sample
Sell ApeX Omni live order book, 47 min ago8.02 bp17.5 bp −$17112.6 bp −$1,126doesn't fitdoesn't fit
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.4110−5.190%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4331−0.092%$117K$55K50xas long as short
dYdX LDO-USD0.0000%1h0.4331−0.082%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUALlong0.0000%1h0.4335long leg$3K$10K25x
BloFin LDO-USDT+0.0089%8h0.4341+0.138%$786K$226K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4326−0.198%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4333−0.055%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4333−0.043%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4330−0.115%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4332−0.069%$18.0M$38.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4327−0.185%$16.5M$13.3M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4327−0.185%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4328−0.161%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4331−0.092%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4331−0.092%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4330−0.115%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4327−0.185%$3.8Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4329−0.150%$85K$182K10xas long as short
Variational Omni LDO+0.0100%8h0.4318−0.392%$202K$85Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4343+0.174%$306K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4340+0.115%$35K$647K50x
Polymarket Perps LDO-USD+0.0100%1h0.4335+0.005%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4440+2.422%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4324−0.253%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4334−0.018%$38K3xas long as short
Lighter LDO+0.0176%1h0.4341+0.145%$881K$267K10xas long as short
Kraken Futures PF_LDOUSD+0.0296%1h0.4331−0.083%$1.1M$563K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4335−0.005%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4330−0.110%$302K15xas long as short