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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.024%
Price spread now: Hyperliquid against GRVT−0.016%85s7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$670.674% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$5 on $10k
Price spread, last 7 days+0.028%+$3 · spread now −0.016%, 7d avg +0.046%
Together, before fees+0.083%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board+$8 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: Hyperliquid is 0.062% cheaper against GRVT than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT LDO_USDT_Perp0.43580.0100pay 0.0100% / 8h2h 18m$310K$3.5M10x
ShortHyperliquid LDO0.43570.0100get 0.0013% / 1h18m 00s$12.1M$3.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: −0.016% → +0.046%
−$6.19
Slippage, 4 orders
−$49.35
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$73.54
Costs to cover
0.674%
Break-even
never at this rate
Slippage from GRVT: live order book, 6 min ago; Hyperliquid: live order book, 5 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, 6 min ago2.29 bp22.6 bp −$2363.1 bp −$631doesn't fitdoesn't fit
Sell Hyperliquid live order book, 5 min ago1.60 bp10.4 bp −$10doesn't fitdoesn'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%1h0.4290−1.560%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0327%1h0.4358−0.007%$1.1M$556K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4355−0.069%$3K$10K25xas long as short
dYdX LDO-USD+0.0018%1h0.4359+0.020%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−2.019%$4K$1112xas long as short
BloFin LDO-USDT+0.0088%8h0.4350−0.184%$790K$230K75xas long as short
Lighter LDO+0.0096%1h0.4369+0.257%$886K$265K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4352−0.138%$3K$5620xas long as short
Hyperliquid LDOshort+0.0100%1h0.4357−0.016%$12.1M$3.6M5x
Aster LDOUSDT+0.0100%8h0.4356−0.057%$171K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4355−0.069%$112K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4355−0.069%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4352−0.138%$16.9M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4352−0.138%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4356−0.046%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4357−0.023%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4357−0.023%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4350−0.184%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4353−0.115%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4354−0.087%$86K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4359+0.029%$204K$89Kas long as short
GRVT LDO_USDT_Perplong+0.0100%8h0.4358long leg$310K$3.5M10x
ApeX Omni LDOUSDT+0.0100%1h0.4360+0.046%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4356−0.041%$22K$739K5xas long as short
SunX LDO-USDT+0.0100%8h0.4455+2.226%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4351−0.167%$262K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4354−0.092%$39K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4354−0.081%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4352−0.146%$303K15xas long as short