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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0413%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.075%
Price spread now: GMX against Deribit+0.012%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit LDO_USDC-PERPETUAL0.4332−0.0211get 0.0026% / 1h32m 44s$3K$10K25x
ShortGMX LDO/USD [ETH-USDC]0.4333L +0.0320% / S −0.0201%get 0.0025% / 1h32m 44s$24K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$86.67
Price spread: +0.012% → 0.000%
$1.25
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$68.92
Costs to cover
0.190%
Break-even
1.4 days
Slippage unknown: Deribit: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample
Deribit and GMX: 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
Coinbase International LDO-PERP-INTX−0.0688%1h0.4290−0.970%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0328%1h0.4332+0.003%$1.1M$556K50xas long as short
Deribit LDO_USDC-PERPETUALlong−0.0211%1h0.4332long leg$3K$10K25x
dYdX LDO-USD+0.0028%1h0.4322−0.234%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.431%$4K$1112xas long as short
BloFin LDO-USDT+0.0084%8h0.4330−0.046%$793K$229K75xas long as short
Lighter LDO+0.0096%1h0.4345+0.289%$881K$264K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4331−0.031%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4333+0.016%$11.9M$3.5M5xas long as short
Aster LDOUSDT+0.0100%8h0.4329−0.065%$170K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4330−0.048%$111K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4329−0.064%$18.1M$37.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4329−0.069%$16.8M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4326−0.139%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4329−0.069%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4328−0.092%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4329−0.069%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4326−0.139%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4329−0.069%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4332−0.007%$87K$187K10xas long as short
Variational Omni LDO+0.0100%8h0.4320−0.269%$202K$89Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4327−0.117%$304K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4320−0.277%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4333+0.012%$34K$697K5xas long as short
SunX LDO-USDT+0.0100%8h0.4431+2.285%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4324−0.179%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4330−0.037%$38K3xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0320% / S −0.0201%1h0.4333+0.012%$24K100x
Reya LDORUSDPERP+0.0332%1h0.4328−0.089%$302K15xas long as short