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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.053%
Price spread now: KuCoin against GMX−0.061%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and KuCoin is 0.061% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX LDO/USD [ETH-USDC]0.4295L +0.0320% / S −0.0201%pay 0.0040% / 1h50m 52s$23K100x
ShortKuCoin LDOUSDTM0.42920.0100get 0.0100% / 8h3h 50m$2.8M$3.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against GMX. 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
−$46.17
Price spread: −0.061% → 0.000%
−$6.12
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$76.29
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 7 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 GMX no order-book sample
Sell KuCoin live order book, 7 min ago2.34 bp31.1 bp −$31250.6 bp −$2,506doesn't fitdoesn't fit
GMX: 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
Coinbase International LDO-PERP-INTX−0.0352%1h0.4268−0.620%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4290−0.108%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4294−0.015%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.299%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4290−0.099%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4294−0.003%$11.7M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4293−0.038%$169K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4292−0.067%$110K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4290−0.117%$18.0M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4288−0.154%$16.2M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4287−0.178%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4289−0.131%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4291−0.085%$7.7M$6.3M200xas long as short
KuCoin LDOUSDTMshort+0.0100%8h0.4292−0.061%$2.8M$3.6M50x
Bitget LDOUSDT+0.0100%8h0.4290−0.108%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4291−0.085%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4292−0.061%$91K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4292−0.067%$202K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4296+0.022%$302K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290−0.108%$33K$641K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4295+0.004%$21K$509K5xas long as short
SunX LDO-USDT+0.0100%8h0.4392+2.267%$1K$1.2M20xas long as short
BloFin LDO-USDT+0.0103%8h0.4291−0.085%$911K$254K75xas long as short
Extended LDO-USD+0.0104%1h0.4288−0.158%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4294−0.015%$38K3xas long as short
Lighter LDO+0.0248%1h0.4299+0.097%$877K$246K10xas long as short
GMX LDO/USD [ETH-USDC]longL +0.0320% / S −0.0201%1h0.4295long leg$23K100x
Reya LDORUSDPERP+0.0341%1h0.4294−0.018%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0392%1h0.4294−0.004%$1.2M$664K50xas long as short