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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: BingX against Extended+0.099%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$590.594% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.099%, 7d avg +0.057%
Together, before fees−0.024%+ Points / potential airdropExtended: Active · farm board−$2 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: BingX is 0.042% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.42690.0104pay 0.0013% / 1h53m 33s$255K$1.3M25x
ShortBingX LDO-USDT0.42730.0100get 0.0100% / 8h6h 53m$10.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: +0.099% → +0.057%
$4.2
Slippage, 4 orders
−$44.41
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$56.06
Costs to cover
0.594%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; BingX: live order book, 14 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, 5 min ago4.66 bp16.7 bp −$1786.6 bp −$866doesn't fitdoesn't fit
Sell BingX live order book, 14 min ago3.45 bp13.2 bp −$1326.6 bp −$266108.4 bp −$10.8K414.7 bp −$207.3K

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−0.0416%1h0.4245−0.557%$118K$45K50xas long as short
dYdX LDO-USD0.0000%1h0.4276+0.178%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.719%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4267−0.046%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4270+0.031%$11.8M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4269+0.008%$168K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4272+0.076%$110K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4277+0.187%$18.0M$34.8M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4274+0.123%$16.2M$11.3M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4273+0.099%$4.0M$8.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4277+0.193%$1.4M$943K50xas long as short
MEXC LDO_USDT+0.0100%8h0.4279+0.240%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4268−0.018%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4274+0.123%$3.3M$3.4M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4273+0.099%$10.0M
Backpack LDO_USDC_PERP+0.0100%1h0.4264−0.112%$88K$153K10xas long as short
Variational Omni LDO+0.0100%8h0.4257−0.268%$200K$80Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4259−0.225%$299K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290+0.497%$33K$645K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4254−0.355%$22K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4355+2.020%$1K$1.3M20xas long as short
Extended LDO-USDlong+0.0104%1h0.4269long leg$255K$1.3M25x
Aevo LDO-PERP+0.0104%1h0.4259−0.220%$38K3xas long as short
BloFin LDO-USDT+0.0111%8h0.4262−0.159%$919K$207K75xas long as short
Lighter LDO+0.0160%1h0.4279+0.240%$869K$267K10xas long as short
Deribit LDO_USDC-PERPETUAL+0.0220%1h0.4260−0.205%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4254−0.348%$23K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4248−0.495%$296K15xas long as short
Kraken Futures PF_LDOUSD+0.0564%1h0.4266−0.058%$1.1M$508K50xas long as short