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 −0.016%
Price spread now: Bybit against Extended+0.053%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$720.715% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.053%, 7d avg +0.020%
Together, before fees−0.125%+ Points / potential airdropExtended: Active · farm board−$12 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: Bybit is 0.032% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.43090.0104pay 0.0013% / 1h39m 37s$259K$1.0M25x
ShortBybit LDOUSDT0.43110.0100get 0.0100% / 8h2h 39m$16.7M$12.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.053% → +0.020%
$3.23
Slippage, 4 orders
−$55.51
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$69.12
Costs to cover
0.715%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Bybit: live order book, 4 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 ago5.80 bp17.7 bp −$1877.5 bp −$775doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago1.16 bp19.2 bp −$1939.8 bp −$398doesn't fitdoesn'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%1h0.4325+0.378%$117K$55K50xas long as short
Kraken Futures PF_LDOUSD−0.0329%1h0.4320+0.271%$1.1M$557K50xas long as short
dYdX LDO-USD0.0000%1h0.4321+0.278%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4318+0.215%$3K$10K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−0.899%$4K$1112xas long as short
BloFin LDO-USDT+0.0087%8h0.4316+0.169%$796K$228K75xas long as short
Lighter LDO+0.0096%1h0.4327+0.415%$877K$264K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4311+0.048%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4315+0.157%$11.9M$3.5M5xas long as short
Aster LDOUSDT+0.0100%8h0.4318+0.220%$170K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4315+0.151%$111K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4313+0.109%$18.0M$38.0M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4311+0.053%$16.7M$12.9M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4308−0.017%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4314+0.122%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4312+0.076%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4316+0.169%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4314+0.122%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4312+0.076%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4318+0.215%$89K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4315+0.134%$201K$89Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4316+0.168%$303K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4320+0.261%$35K$646K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4320+0.252%$34K$697K5xas long as short
SunX LDO-USDT+0.0100%8h0.4417+2.513%$2K$1.5M20xas long as short
Extended LDO-USDlong+0.0104%1h0.4309long leg$259K$1.0M25x
Aevo LDO-PERP+0.0104%1h0.4317+0.199%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4318+0.212%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4315+0.150%$301K15xas long as short