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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: Bitget against Hyperliquid−0.040%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$470.466% 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−0.034%−$3 · spread now −0.040%, 7d avg −0.098%
Together, before fees−0.036%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 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: Bitget is 0.058% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.42690.0100pay 0.0013% / 1h57m 46s$11.6M$3.2M5x
ShortBitget LDOUSDT0.42670.0100get 0.0100% / 8h4h 57m$3.3M$3.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.040% → −0.098%
$5.78
Slippage, 4 orders
−$25.64
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$40.86
Costs to cover
0.466%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bitget: 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 Hyperliquid live order book, 5 min ago0.93 bp8.9 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago3.50 bp12.3 bp −$1231.1 bp −$311doesn'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−0.0416%1h0.4304+0.827%$120K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4271+0.057%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4277+0.194%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.718%$4K$1312xas long as short
BloFin LDO-USDT+0.0075%8h0.4281+0.288%$920K$253K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4263−0.136%$3K20xas long as short
Hyperliquid LDOlong+0.0100%1h0.4269long leg$11.6M$3.2M5x
Aster LDOUSDT+0.0100%8h0.4273+0.090%$168K$116K10xas long as short
Pacifica LDO+0.0100%1h0.4269−0.002%$110K$86K10xas long as short
Binance LDOUSDT+0.0100%8h0.4267−0.040%$17.9M$31.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4263−0.134%$16.0M$9.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4263−0.134%$4.0M$6.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4269+0.007%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4265−0.087%$7.7M$6.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4271+0.054%$2.7M$3.8M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.4267−0.040%$3.3M$3.2M75x
BingX LDO-USDT+0.0100%8h0.4265−0.087%$9.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4273+0.098%$93K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4284+0.350%$202K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4287+0.430%$301K$3.3M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290+0.499%$33K$641K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4281+0.300%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4381+2.631%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4263−0.127%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4277+0.203%$38K3xas long as short
Lighter LDO+0.0176%1h0.4276+0.183%$869K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4277+0.200%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4277+0.186%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0493%1h0.4280+0.266%$1.2M$683K50xas long as short