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−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.055%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$540.539% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.055%, 7d avg +0.098%
Together, before fees+0.106%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.043% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.43340.0104pay 0.0013% / 1h53m 44s$261K$1.0M25x
ShortBinance LDOUSDT0.43370.0100get 0.0100% / 8h2h 53m$18.0M$38.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
−$0.84
Price spread: +0.055% → +0.098%
−$4.3
Slippage, 4 orders
−$38.93
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$59.08
Costs to cover
0.539%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Binance: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago3.46 bp15.2 bp −$1598.1 bp −$981doesn't fitdoesn't fit
Sell Binance live order book, 3 min ago1.15 bp12.7 bp −$1325.4 bp −$254137.1 bp −$13.7Kdoesn'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-INTX−0.0688%1h0.4347+0.293%$118K$55K50xas long as short
Kraken Futures PF_LDOUSD−0.0328%1h0.4339+0.118%$1.1M$554K50xas long as short
dYdX LDO-USD0.0000%1h0.4340+0.131%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4338+0.085%$3K$10K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.484%$4K$1112xas long as short
BloFin LDO-USDT+0.0096%8h0.4346+0.270%$799K$230K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4336+0.049%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4342+0.186%$12.1M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4341+0.153%$171K$148K10xas long as short
Pacifica LDO+0.0100%1h0.4343+0.195%$111K$182K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDTshort+0.0100%8h0.4337+0.055%$18.0M$38.0M75x
Bybit LDOUSDT+0.0100%8h0.4335+0.016%$16.8M$13.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4334−0.007%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4335+0.016%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4338+0.085%$9.0M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4338+0.085%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4333−0.030%$3.3M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4337+0.062%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4339+0.113%$89K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4340+0.142%$203K$119Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4341+0.149%$303K$3.6M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4340+0.131%$35K$645K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4340+0.129%$26K$688K5xas long as short
SunX LDO-USDT+0.0100%8h0.4437+2.369%$2K$1.5M20xas long as short
Extended LDO-USDlong+0.0104%1h0.4334long leg$261K$1.0M25x
Aevo LDO-PERP+0.0104%1h0.4336+0.037%$38K3xas long as short
Lighter LDO+0.0128%1h0.4349+0.334%$881K$263K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4339+0.098%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4334−0.010%$302K15xas long as short