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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.5100%/8h= +558.5% APRnext payment +$6.38 per $10,000 · paid last 24h +0.357%
Price spread now: ApeX Omni against Injective+6.083%7-day average · you sell dearer than you buy
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 7 days+1.385%+$138 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and ApeX Omni is 6.083% dearer against Injective than usual: you sell high and buy low: +$608 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.385% in total (about 72.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.4110−0.5000get 0.0625% / 1h53m 43s$4K$1412x
ShortApeX Omni LDOUSDT0.43600.0100get 0.0013% / 1h53m 43s$35K$648K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$1,071
Price spread: +6.083% → 0.000%
$608.27
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$1,669.25
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 24 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 Injective no order-book sample
Sell ApeX Omni live order book, 24 min ago6.92 bp17.3 bp −$1797.5 bp −$975doesn't fitdoesn't fit
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong−0.5000%1h0.4110long leg$4K$1412x
Coinbase International LDO-PERP-INTX−0.1016%1h0.4369+6.302%$118K$55K50xas long as short
dYdX LDO-USD0.0000%1h0.4367+6.262%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4369+6.302%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4371+6.353%$1.1M$528K50xas long as short
BloFin LDO-USDT+0.0090%8h0.4368+6.277%$791K$223K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4366+6.224%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4372+6.370%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4369+6.294%$172K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4369+6.294%$112K$178K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4369+6.290%$18.2M$37.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4366+6.229%$16.6M$12.6M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4366+6.229%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4369+6.302%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4370+6.326%$8.5M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4367+6.253%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4366+6.229%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4369+6.302%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4367+6.260%$88K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4353+5.910%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4360+6.080%$310K$3.4M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4360+6.083%$35K$648K50x
Polymarket Perps LDO-USD+0.0100%1h0.4367+6.255%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4468+8.710%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4366+6.239%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4367+6.259%$39K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4367+6.263%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4362+6.137%$304K15xas long as short
Lighter LDO+0.0504%1h0.4376+6.470%$887K$268K10xas long as short