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−0.0172%/8h= −18.8% APRpaid last 24h −0.019%
Price spread now: SunX against Lighter+2.304%7-day average +2.121% · 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−0.015%−$2 on $10k
Price spread, last 3 days (all we have)−0.171%−$17 · spread now +2.304%, 7d avg +2.121%
Together, before fees−0.186%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.183% dearer against Lighter than usual: you sell high and buy low (spread +2.304% now, against its 7-day average of +2.121%): +$18 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.015% in total) that is about 3 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter LDO0.43150.0272pay 0.0034% / 1h24m 39s$876K$268K10x
ShortSunX LDO-USDT0.44140.0100get 0.0100% / 8h6h 24m$2K$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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
−$36.12
Price spread: +2.304% → +2.121%
$18.29
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$25.83
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Lighter: live order book, 40 min ago; SunX: live order book, 9 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 Lighter live order book, 40 min ago6.34 bp30.9 bp −$3166.2 bp −$662doesn't fitdoesn't fit
Sell SunX live order book, 9 min ago253.96 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

LDO on 28 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%1h0.4289−0.593%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4303−0.263%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4301−0.315%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.742%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4297−0.418%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4307−0.185%$11.8M$3.7M5xas long as short
Aster LDOUSDT+0.0100%8h0.4306−0.193%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4304−0.252%$110K$159K10xas long as short
Binance LDOUSDT+0.0100%8h0.4300−0.340%$18.0M$33.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4296−0.431%$16.1M$11.0M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4296−0.431%$4.1M$7.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4303−0.269%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4302−0.292%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4304−0.246%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4300−0.338%$3.3M$3.3M75xas long as short
BingX LDO-USDT+0.0100%8h0.4301−0.315%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4299−0.373%$89K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4300−0.343%$202K$71Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4299−0.362%$305K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290−0.570%$33K$642K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4306−0.202%$23K$717K5xas long as short
SunX LDO-USDTshort+0.0100%8h0.4414+2.304%$2K$1.3M20x
Extended LDO-USD+0.0104%1h0.4297−0.400%$261K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4301−0.304%$38K3xas long as short
Lighter LDOlong+0.0272%1h0.4315long leg$876K$268K10x
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4302−0.281%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4301−0.318%$300K15xas long as short
Kraken Futures PF_LDOUSD+0.0559%1h0.4304−0.252%$1.2M$778K50xas long as short