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% APRnext payment +$0.13 per $10,000 · paid last 24h +0.063%
Price spread now: Pacifica against Deribit+0.046%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 fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.046% dearer against Deribit than usual: you sell high and buy low: +$5 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-PERPETUAL0.43300get 0.0000% / 1h39m 42s$3K$10K25x
ShortPacifica LDO0.43320.0100get 0.0013% / 1h39m 42s$111K$178K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.046% → 0.000%
$4.62
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$10.62
Costs to cover
0.150%
Break-even
3.5 days
Slippage unknown: Deribit: no order-book sample; Pacifica: live order book, 43 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 Pacifica live order book, 43 min ago3.44 bp15.9 bp −$16doesn't fitdoesn'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%1h0.4110−5.081%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−1.339%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4326−0.083%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUALlong0.0000%1h0.4330long leg$3K$10K25x
Paradex LDO-USD-PERP+0.0100%8h0.4330−0.006%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4335+0.125%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4332+0.057%$170K$152K10xas long as short
Pacifica LDOshort+0.0100%1h0.4332+0.046%$111K$178K10x
Binance LDOUSDT+0.0100%8h0.4332+0.050%$18.0M$38.3M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4327−0.069%$16.5M$13.3M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4327−0.069%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.43300.000%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4332+0.046%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4332+0.046%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4329−0.023%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4329−0.023%$3.8Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4332+0.048%$86K$182K10xas long as short
Variational Omni LDO+0.0100%8h0.4318−0.277%$202K$85Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4322−0.179%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4320−0.231%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.43300.000%$23K$741K5xas long as short
SunX LDO-USDT+0.0100%8h0.4432+2.356%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4328−0.052%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4331+0.021%$38K3xas long as short
BloFin LDO-USDT+0.0110%8h0.4326−0.092%$788K$229K75xas long as short
Lighter LDO+0.0160%1h0.4339+0.215%$881K$267K10xas long as short
Kraken Futures PF_LDOUSD+0.0296%1h0.4331+0.026%$1.1M$562K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4330+0.005%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4325−0.111%$302K15xas long as short