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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.061%
Price spread now: Gate against Deribit+0.070%7-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 Gate is 0.070% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit LDO_USDC-PERPETUAL0.43150get 0.0000% / 1h54m 16s$3K$10K25x
ShortGate LDO_USDT0.43180.0100get 0.0100% / 8h1h 54m$1.4M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.070% → 0.000%
$6.95
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$5.95
Costs to cover
0.220%
Break-even
5.0 days
Slippage unknown: Deribit: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago8.13 bp27.7 bp −$28158.3 bp −$1,583doesn'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%1h0.4270−1.043%$4K$1312xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−0.997%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4315−0.008%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUALlong0.0000%1h0.4315long leg$3K$10K25x
Lighter LDO+0.0096%1h0.4327+0.283%$878K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4316+0.024%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4318+0.072%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4319+0.093%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4320+0.116%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4311−0.093%$17.9M$38.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4307−0.185%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4306−0.209%$4.1M$9.1M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.4318+0.070%$1.4M$1.1M50x
MEXC LDO_USDT+0.0100%8h0.4313−0.046%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4319+0.093%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4313−0.046%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.43150.000%$3.9Mas long as short
Variational Omni LDO+0.0100%8h0.4306−0.205%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4299−0.375%$308K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300−0.348%$34K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4318+0.074%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4417+2.364%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4309−0.138%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4313−0.046%$38K3xas long as short
BloFin LDO-USDT+0.0123%8h0.4314−0.023%$789K$228K75xas long as short
Backpack LDO_USDC_PERP+0.0201%1h0.4319+0.093%$86K$186K10xas long as short
Kraken Futures PF_LDOUSD+0.0297%1h0.4315−0.001%$1.1M$564K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4316+0.012%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4310−0.105%$301K15xas long as short