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 0.000%
Price spread now: Gate against Pacifica0.000%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$840.839% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 4 days (all we have)−0.345%−$35 · spread now 0.000%, 7d avg −0.053%
Together, before fees−0.415%+ Points / potential airdropPacifica: Active · farm board−$42 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: Gate is 0.053% dearer against Pacifica than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica LDO0.43120.0100pay 0.0013% / 1h55m 54s$111K$178K10x
ShortGate LDO_USDT0.43120.0100get 0.0100% / 8h1h 55m$1.4M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: 0.000% → −0.053%
$5.3
Slippage, 4 orders
−$60.89
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$78.6
Costs to cover
0.839%
Break-even
never at this rate
Slippage from Pacifica: live order book, 27 min ago; Gate: live order book, 1 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, 27 min ago3.44 bp14.0 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago8.13 bp27.7 bp −$28158.3 bp −$1,583doesn'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
Deribit LDO_USDC-PERPETUAL−0.0214%1h0.43120.000%$3K$10K25xas long as short
dYdX LDO-USD0.0000%1h0.4301−0.264%$83K$17K5xas long as short
Lighter LDO+0.0096%1h0.4326+0.322%$878K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4309−0.060%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4318+0.146%$11.9M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4313+0.023%$170K$152K10xas long as short
Pacifica LDOlong+0.0100%1h0.4312long leg$111K$178K10x
Binance LDOUSDT+0.0100%8h0.4315+0.066%$18.0M$38.4M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4311−0.023%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4310−0.046%$4.1M$9.1M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.43120.000%$1.4M$1.1M50x
MEXC LDO_USDT+0.0100%8h0.4315+0.070%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4313+0.023%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4313+0.023%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4311−0.023%$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%8h0.4413+2.342%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4311−0.022%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4313+0.023%$38K3xas long as short
BloFin LDO-USDT+0.0117%8h0.4298−0.325%$788K$227K75xas long as short
Backpack LDO_USDC_PERP+0.0179%1h0.4314+0.046%$86K$186K10xas long as short
Kraken Futures PF_LDOUSD+0.0297%1h0.4315+0.071%$1.1M$564K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4313+0.013%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4307−0.122%$300K15xas long as short