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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Gate−0.092%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.865% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 7 days+0.097%+$10 · spread now −0.092%, 7d avg −0.039%
Together, before fees+0.058%+$6 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 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate LDO_USDT0.43260.0100pay 0.0100% / 8h5h 19m$1.5M$1.0M50x
ShortBybit LDOUSDT0.43220.0100get 0.0100% / 8h5h 19m$16.2M$10.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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
Price spread: −0.092% → −0.039%
−$5.38
Slippage, 4 orders
−$60.52
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$91.9
Costs to cover
0.865%
Break-even
never at this rate
Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago4.63 bp29.6 bp −$30331.9 bp −$3,319doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.32 bp14.0 bp −$1434.2 bp −$342doesn'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−0.0512%1h0.4304−0.509%$120K$42K50xas long as short
dYdX LDO-USD0.0000%1h0.4320−0.139%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.993%$4K$1312xas long as short
BloFin LDO-USDT+0.0073%8h0.4325−0.023%$924K$256K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4320−0.133%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4326−0.009%$11.8M$3.3M5xas long as short
Aster LDOUSDT+0.0100%8h0.43260.000%$170K$116K10xas long as short
Pacifica LDO+0.0100%1h0.4320−0.141%$111K$86K10xas long as short
Binance LDOUSDT+0.0100%8h0.4327+0.023%$18.2M$31.3M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4322−0.092%$16.2M$10.0M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4323−0.069%$4.0M$7.1M50xas long as short
Gate LDO_USDTlong+0.0100%8h0.4326long leg$1.5M$1.0M50x
MEXC LDO_USDT+0.0100%8h0.43260.000%$7.9M$7.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4325−0.023%$2.8M$3.9M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4324−0.046%$3.4M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4325−0.023%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4315−0.254%$94K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4316−0.238%$203K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4312−0.323%$304K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4320−0.139%$33K$640K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4327+0.016%$23K$552K5xas long as short
SunX LDO-USDT+0.0100%8h0.4415+2.057%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4319−0.153%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4316−0.226%$38K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0214%1h0.4317−0.208%$8K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4325−0.026%$24K100xas long as short
Reya LDORUSDPERP+0.0339%1h0.4323−0.070%$301K15xas long as short
Lighter LDO+0.0456%1h0.4331+0.125%$880K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0572%1h0.4320−0.134%$1.2M$678K50xas long as short