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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Extended against Hyperliquid−0.167%7-day average −0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$550.549% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.099%−$10 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.167%, 7d avg −0.178%
Together, before fees−0.160%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.43180.0100pay 0.0013% / 1h55m 53s$11.9M$3.8M5x
ShortExtended LDO-USD0.43110.0104get 0.0013% / 1h55m 53s$259K$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.167% → −0.178%
$1.08
Slippage, 4 orders
−$40.95
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$53.02
Costs to cover
0.549%
Break-even
448.9 days
Slippage from Hyperliquid: live order book, 7 min ago; Extended: live order book, 2 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, 7 min ago0.12 bp9.8 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 2 min ago5.83 bp17.9 bp −$1879.8 bp −$798doesn'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%1h0.4270−1.118%$4K$1312xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−1.072%$116K$54K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0214%1h0.4312−0.146%$3K$10K25xas long as short
dYdX LDO-USD0.0000%1h0.4301−0.410%$83K$17K5xas long as short
Lighter LDO+0.0096%1h0.4326+0.176%$878K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4309−0.206%$3K$5620xas long as short
Hyperliquid LDOlong+0.0100%1h0.4318long leg$11.9M$3.8M5x
Aster LDOUSDT+0.0100%8h0.4313−0.123%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4312−0.146%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4315−0.080%$18.0M$38.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4311−0.169%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4310−0.192%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4312−0.146%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4315−0.076%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4313−0.123%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4313−0.123%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4311−0.169%$3.9Mas long as short
Variational Omni LDO+0.0100%8h0.4292−0.602%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4296−0.517%$308K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300−0.424%$34K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4314−0.104%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4413+2.193%$1K$1.5M20xas long as short
Extended LDO-USDshort+0.0104%1h0.4311−0.167%$259K$1.0M25x
Aevo LDO-PERP+0.0104%1h0.4313−0.123%$38K3xas long as short
BloFin LDO-USDT+0.0117%8h0.4298−0.470%$788K$227K75xas long as short
Backpack LDO_USDC_PERP+0.0179%1h0.4314−0.100%$86K$186K10xas long as short
Kraken Futures PF_LDOUSD+0.0297%1h0.4315−0.075%$1.1M$564K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4313−0.133%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4307−0.267%$300K15xas long as short