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+0.5000%/8h= +547.5% APRnext payment +$6.25 per $10,000 · paid last 24h +0.285%
Price spread now: Deribit against Injective+6.083%63s7-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 5 days (all we have)no history yet
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 +$150 a day on $10k at the current rate, and Deribit 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 two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.4110−0.5000get 0.0625% / 1h57m 42s$4K$1412x
ShortDeribit LDO_USDC-PERPETUAL0.43600get 0.0000% / 1h57m 42s$3K$10K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$1,050
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 Deribit: 3.5 bp × 2 orders
−$7
Net
$1,651.25
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Deribit: no order-book sample. 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 Deribit no order-book sample
Injective and Deribit: 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%1h0.4363+6.156%$118K$55K50xas long as short
dYdX LDO-USD0.0000%1h0.4361+6.113%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUALshort0.0000%1h0.4360+6.083%$3K$10K25x
Kraken Futures PF_LDOUSD+0.0026%1h0.4361+6.106%$1.1M$527K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4359+6.051%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4365+6.214%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4362+6.124%$172K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4360+6.083%$112K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4361+6.116%$18.1M$37.7M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4357+6.010%$16.6M$12.8M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4354+5.937%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4358+6.034%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4360+6.083%$8.5M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4360+6.083%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4357+6.010%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4357+6.010%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4361+6.105%$88K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4352+5.886%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4359+6.059%$307K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4360+6.083%$35K$649K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4360+6.085%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4460+8.516%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4356+5.976%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4359+6.057%$39K3xas long as short
BloFin LDO-USDT+0.0119%8h0.4362+6.131%$790K$225K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4359+6.064%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4355+5.971%$304K15xas long as short
Lighter LDO+0.0432%1h0.4369+6.311%$886K$268K10xas long as short