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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.422%
Price spread now: BingX against Injective+4.063%117s7-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+1.487%+$149 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 +$2 a day on $10k at the current rate, and BingX is 4.063% dearer against Injective than usual: you sell high and buy low: +$406 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.41100.0033pay 0.0004% / 1h53m 30s$4K$1312x
ShortBingX LDO-USDT0.42770.0100get 0.0100% / 8h6h 53m$10.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$14
Price spread: +4.063% → 0.000%
$406.33
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee BingX: 5 bp × 2 orders
−$10
Net
$410.31
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; BingX: live order book, 14 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 BingX live order book, 14 min ago3.45 bp13.2 bp −$1326.6 bp −$266108.4 bp −$10.8K414.7 bp −$207.3K
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
Coinbase International LDO-PERP-INTX−0.0416%1h0.4245+3.285%$118K$45K50xas long as short
dYdX LDO-USD0.0000%1h0.4276+4.048%$83K$17K5xas long as short
Injective LDO/USDC PERPlong+0.0033%1h0.4110long leg$4K$1312x
Paradex LDO-USD-PERP+0.0099%8h0.4267+3.815%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4281+4.151%$11.8M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4277+4.070%$168K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4272+3.942%$110K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4281+4.158%$18.0M$34.8M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4277+4.063%$16.2M$11.2M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4276+4.039%$4.0M$8.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4279+4.112%$1.4M$943K50xas long as short
MEXC LDO_USDT+0.0100%8h0.4281+4.161%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4280+4.136%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4276+4.039%$3.3M$3.4M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4277+4.063%$10.0M
Backpack LDO_USDC_PERP+0.0100%1h0.4264+3.747%$88K$153K10xas long as short
Variational Omni LDO+0.0100%8h0.4257+3.585%$200K$80Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4259+3.630%$299K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290+4.380%$33K$645K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4279+4.112%$23K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4355+5.961%$1K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4269+3.863%$255K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4259+3.635%$38K3xas long as short
BloFin LDO-USDT+0.0111%8h0.4262+3.698%$919K$207K75xas long as short
Lighter LDO+0.0160%1h0.4279+4.112%$869K$267K10xas long as short
Deribit LDO_USDC-PERPETUAL+0.0220%1h0.4260+3.650%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4280+4.129%$23K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4277+4.073%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0564%1h0.4266+3.803%$1.1M$508K50xas long as short