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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: Variational Omni against Hyperliquid−0.141%7-day average −0.129% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.024%−$2 on $10k
Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.141%, 7d avg −0.129%
Together, before fees+0.184%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board+$18 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.43530.0100pay 0.0013% / 1h36m 59s$12.2M$4.0M5x
ShortVariational Omni LDO0.43470.0100get 0.0100% / 8h36m 59s$204K$83K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational 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: −0.141% → −0.129%
−$1.19
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$10.19
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; Variational Omni: RFQ quote, 42 min ago. Net counts fees only.

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, 6 min ago0.57 bp11.6 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 42 min ago4.62 bpdoesn't fit34.6 bp −$346doesn'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−0.5000%1h0.4110−5.585%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4359+0.136%$118K$56K50xas long as short
dYdX LDO-USD0.0000%1h0.4351−0.038%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4350−0.071%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4352−0.035%$1.1M$529K50xas long as short
BloFin LDO-USDT+0.0091%8h0.4350−0.071%$793K$220K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4350−0.064%$3K$5620xas long as short
Hyperliquid LDOlong+0.0100%1h0.4353long leg$12.2M$4.0M5x
Aster LDOUSDT+0.0100%8h0.4353−0.008%$171K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4352−0.025%$112K$178K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4348−0.116%$18.1M$37.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4343−0.232%$16.5M$12.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4343−0.232%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4350−0.071%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4348−0.117%$8.4M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4351−0.048%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4345−0.186%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4348−0.117%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4349−0.099%$88K$179K10xas long as short
Variational Omni LDOshort+0.0100%8h0.4347−0.141%$204K$83K
GRVT LDO_USDT_Perp+0.0100%8h0.4352−0.026%$311K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4350−0.071%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4352−0.028%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4449+2.203%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4343−0.237%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4351−0.037%$39K3xas long as short
Lighter LDO+0.0200%1h0.4358+0.108%$884K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4351−0.042%$24K100xas long as short
Reya LDORUSDPERP+0.0335%1h0.4347−0.140%$303K15xas long as short