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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: BingX against Hyperliquid−0.079%7-day average −0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$490.491% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.008%+$1 · spread now −0.079%, 7d avg −0.102%
Together, before fees+0.006%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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: BingX is 0.022% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.102%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.42910.0100pay 0.0013% / 1h11m 23s$11.8M$3.7M5x
ShortBingX LDO-USDT0.42880.0100get 0.0100% / 8h6h 11m$10.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.079% → −0.102%
$2.24
Slippage, 4 orders
−$30.13
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$46.88
Costs to cover
0.491%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; BingX: live order book, 12 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 ago1.74 bp10.5 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 12 min ago3.49 bp14.1 bp −$1429.3 bp −$29397.0 bp −$9,705405.9 bp −$202.9K

LDO on 28 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−0.0416%1h0.4259−0.755%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4284−0.167%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4288−0.079%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.227%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4285−0.156%$3K20xas long as short
Hyperliquid LDOlong+0.0100%1h0.4291long leg$11.8M$3.7M5x
Aster LDOUSDT+0.0100%8h0.4290−0.038%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4287−0.094%$110K$159K10xas long as short
Binance LDOUSDT+0.0100%8h0.4290−0.036%$17.9M$33.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4290−0.033%$16.1M$10.8M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4290−0.033%$4.0M$7.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4288−0.079%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4289−0.056%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4288−0.079%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4287−0.103%$3.3M$3.3M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4288−0.079%$10.0M
Backpack LDO_USDC_PERP+0.0100%1h0.4287−0.110%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4276−0.366%$201K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4281−0.243%$302K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−0.266%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4291−0.007%$23K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4390+2.298%$1K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4284−0.180%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4293+0.026%$38K3xas long as short
Lighter LDO+0.0272%1h0.4295+0.075%$872K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4289−0.047%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4287−0.113%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0561%1h0.4290−0.042%$1.2M$774K50xas long as short