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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: ApeX Omni against Hyperliquid+0.130%104s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.561% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.130%, 7d avg +0.027%
Together, before fees−0.003%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 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: ApeX Omni is 0.103% dearer against Hyperliquid than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.43140.0100pay 0.0013% / 1h51m 45s$11.9M$3.8M5x
ShortApeX Omni LDOUSDT0.43200.0100get 0.0013% / 1h51m 45s$35K$648K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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: +0.130% → +0.027%
$10.28
Slippage, 4 orders
−$37.14
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$45.86
Costs to cover
0.561%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; ApeX Omni: live order book, 31 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 Hyperliquid live order book, 11 min ago0.12 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 31 min ago8.02 bp17.5 bp −$17112.6 bp −$1,126doesn'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
Injective LDO/USDC PERP−0.0851%1h0.4270−1.029%$4K$1312xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−0.983%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4307−0.182%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4312−0.056%$3K$10K25xas long as short
BloFin LDO-USDT+0.0095%8h0.4309−0.125%$788K$228K75xas long as short
Lighter LDO+0.0096%1h0.4320+0.125%$877K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4310−0.111%$3K$5620xas long as short
Hyperliquid LDOlong+0.0100%1h0.4314long leg$11.9M$3.8M5x
Aster LDOUSDT+0.0100%8h0.4312−0.056%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4311−0.088%$111K$178K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4311−0.075%$17.9M$38.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4307−0.172%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4307−0.172%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4312−0.056%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4310−0.102%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4310−0.102%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4308−0.148%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4307−0.172%$3.8Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4311−0.079%$86K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4306−0.192%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4317+0.060%$310K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4320+0.130%$35K$648K50x
Polymarket Perps LDO-USD+0.0100%1h0.4314−0.009%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4416+2.355%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4307−0.169%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4312−0.061%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0298%1h0.4314−0.009%$1.1M$563K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4310−0.097%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4309−0.119%$301K15xas long as short