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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.019%
Price spread now: BloFin against GRVT+0.159%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$670.671% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 3 days (all we have)−0.158%−$16 · spread now +0.159%, 7d avg +0.045%
Together, before fees−0.175%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.114% dearer against GRVT than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT LDO_USDT_Perp0.43320.0100pay 0.0100% / 8h7h 13m$306K$3.5M10x
ShortBloFin LDO-USDT0.43390.0117get 0.0117% / 8h7h 13m$789K$216K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GRVT. 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
$3.64
Price spread: +0.159% → +0.045%
$11.39
Slippage, 4 orders
−$46.07
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$52.04
Costs to cover
0.671%
Break-even
106.9 days
Slippage from GRVT: live order book, 5 min ago; BloFin: live order book, 58 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 GRVT live order book, 5 min ago2.32 bp23.2 bp −$2339.5 bp −$395doesn't fitdoesn't fit
Sell BloFin live order book, 58 min ago1.17 bp9.5 bp −$916.3 bp −$16356.2 bp −$5,621doesn'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−0.0752%1h0.4333+0.021%$118K$53K50xas long as short
dYdX LDO-USD+0.0031%1h0.4336+0.097%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−5.127%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4333+0.014%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4345+0.289%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4343+0.245%$171K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4336+0.091%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4340+0.182%$18.2M$37.5M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4335+0.067%$16.4M$12.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4336+0.090%$4.1M$9.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4338+0.136%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4339+0.159%$8.0M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4339+0.159%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4337+0.113%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4338+0.136%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4341+0.217%$89K$149K10xas long as short
Variational Omni LDO+0.0100%8h0.4335+0.063%$204K$82Kas long as short
GRVT LDO_USDT_Perplong+0.0100%8h0.4332long leg$306K$3.5M10x
ApeX Omni LDOUSDT+0.0100%1h0.4330−0.048%$35K$645K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4338+0.132%$23K$731K5xas long as short
SunX LDO-USDT+0.0100%8h0.4437+2.421%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4332−0.007%$264K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4341+0.196%$38K3xas long as short
BloFin LDO-USDTshort+0.0117%8h0.4339+0.159%$789K$216K75x
Kraken Futures PF_LDOUSD+0.0195%1h0.4345+0.290%$1.1M$526K50xas long as short
Deribit LDO_USDC-PERPETUAL+0.0211%1h0.4341+0.205%$8K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4339+0.155%$24K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4335+0.070%$302K15xas long as short
Lighter LDO+0.0592%1h0.4351+0.446%$883K$267K10xas long as short