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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against MEXC−0.047%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$370.370% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 7 days−0.009%−$1 · spread now −0.047%, 7d avg −0.072%
Together, before fees−0.020%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.026% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.072%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC LDO_USDT0.42950.0100pay 0.0100% / 8h6h 05m$7.7M$7.2M200x
ShortBybit LDOUSDT0.42930.0100get 0.0100% / 8h6h 05m$16.1M$10.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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
$0
Price spread: −0.047% → −0.072%
$2.57
Slippage, 4 orders
−$26.03
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$34.46
Costs to cover
0.370%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 3 min ago1.16 bp4.1 bp −$411.4 bp −$11485.6 bp −$8,556156.6 bp −$78.3K
Sell Bybit live order book, 3 min ago2.33 bp15.9 bp −$1640.3 bp −$403doesn'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%1h0.4259−0.838%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4290−0.116%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.42950.000%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.307%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4289−0.138%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4296+0.028%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4294−0.030%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4293−0.052%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4295+0.001%$18.0M$32.9M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4293−0.047%$16.1M$10.7M50x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4291−0.093%$4.0M$7.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.42950.000%$1.5M$1.0M50xas long as short
MEXC LDO_USDTlong+0.0100%8h0.4295long leg$7.7M$7.2M200x
KuCoin LDOUSDTM+0.0100%8h0.4294−0.023%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4292−0.070%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4291−0.093%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4294−0.028%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4288−0.169%$202K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4277−0.419%$304K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290−0.116%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4295+0.005%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4392+2.258%$2K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4290−0.111%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4295−0.006%$38K3xas long as short
Lighter LDO+0.0280%1h0.4302+0.163%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4294−0.018%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4291−0.097%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4297+0.044%$1.2M$759K50xas long as short