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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.021%
Price spread now: GMX against KuCoin+0.027%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 3 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 +$3 a day on $10k at the current rate, and GMX is 0.027% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LDOUSDTM0.42270.0100pay 0.0100% / 8h2h 53m$2.7M$3.5M50x
ShortGMX LDO/USD [ETH-USDC]0.4228L +0.0318% / S −0.0201%get 0.0025% / 1h53m 14s$23K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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
$21.26
Price spread: +0.027% → 0.000%
$2.67
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$0.06
Costs to cover
0.240%
Break-even
7.0 days
Slippage unknown: KuCoin: live order book, 9 min ago; GMX: 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 KuCoin live order book, 9 min ago1.19 bp34.6 bp −$35866.9 bp −$8,669doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.0464%1h0.4189−0.899%$116K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.4227+0.004%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4230+0.071%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.768%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4221−0.136%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4229+0.035%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4233+0.142%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4227+0.003%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4230+0.081%$17.8M$30.8M75xas long as short
Bybit LDOUSDT+0.0100%8h0.42270.000%$16.0M$10.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4228+0.024%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4228+0.024%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4228+0.024%$7.4M$5.8M200xas long as short
KuCoin LDOUSDTMlong+0.0100%8h0.4227long leg$2.7M$3.5M50x
Bitget LDOUSDT+0.0100%8h0.42270.000%$3.2M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.42270.000%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4225−0.035%$90K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4234+0.160%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4236+0.202%$302K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4230+0.071%$32K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4227+0.005%$27K$368K5xas long as short
SunX LDO-USDT+0.0100%8h0.4326+2.342%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4226−0.015%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4230+0.060%$37K3xas long as short
BloFin LDO-USDT+0.0122%8h0.4232+0.118%$904K$257K75xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0318% / S −0.0201%1h0.4228+0.027%$23K100x
Lighter LDO+0.0320%1h0.4238+0.256%$854K$263K10xas long as short
Reya LDORUSDPERP+0.0342%1h0.4226−0.033%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0597%1h0.4232+0.112%$1.1M$658K50xas long as short