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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%
Price spread now: Bybit against Pacifica−0.116%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$630.629% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.109%−$11 on $10k
Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.116%, 7d avg −0.092%
Together, before fees−0.236%+ Points / potential airdropPacifica: Active · farm board−$24 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 0.024% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica LDO0.43120.0100pay 0.0013% / 1h56m 33s$111K$178K10x
ShortBybit LDOUSDT0.43070.0100get 0.0100% / 8h1h 56m$16.4M$13.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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: −0.116% → −0.092%
−$2.44
Slippage, 4 orders
−$43.9
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$65.35
Costs to cover
0.629%
Break-even
never at this rate
Slippage from Pacifica: live order book, 26 min ago; Bybit: live order book, 2 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 Pacifica live order book, 26 min ago3.44 bp14.0 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.17 bp12.4 bp −$1235.3 bp −$353doesn't fitdoesn't fit

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 PERP−0.0851%1h0.4270−0.974%$4K$1312xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4272−0.928%$116K$54K50xas long as short
dYdX LDO-USD0.0000%1h0.4301−0.264%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4302−0.232%$3K$10K25xas long as short
Lighter LDO+0.0096%1h0.4325+0.304%$878K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4309−0.060%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4315+0.079%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4312−0.004%$170K$152K10xas long as short
Pacifica LDOlong+0.0100%1h0.4312long leg$111K$178K10x
Binance LDOUSDT+0.0100%8h0.4313+0.016%$17.9M$38.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDTshort+0.0100%8h0.4307−0.116%$16.4M$13.4M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4307−0.116%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4307−0.116%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.43120.000%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4311−0.023%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4309−0.070%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4310−0.046%$3.9Mas long as short
Variational Omni LDO+0.0100%8h0.4292−0.457%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4296−0.372%$308K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300−0.278%$34K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4314+0.042%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4403+2.110%$1K$1.5M20xas long as short
Backpack LDO_USDC_PERP+0.0103%1h0.4306−0.128%$86K$186K10xas long as short
Extended LDO-USD+0.0104%1h0.4309−0.080%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4302−0.238%$38K3xas long as short
BloFin LDO-USDT+0.0117%8h0.4298−0.325%$788K$227K75xas long as short
Kraken Futures PF_LDOUSD+0.0298%1h0.4305−0.162%$1.1M$564K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4301−0.260%$23K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4295−0.388%$300K15xas long as short