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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Paradex−0.133%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.133% cheaper against Paradex than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex LDO-USD-PERP0.43410.0100pay 0.0100% / 8h1h 10m$3K$5620x
ShortBybit LDOUSDT0.43350.0100get 0.0100% / 8h1h 10m$16.5M$12.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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
$0.01
Price spread: −0.133% → 0.000%
−$13.33
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$28.31
Costs to cover
0.150%
Break-even
14661.3 days
Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 2 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 Paradex no order-book sample
Sell Bybit live order book, 2 min ago1.15 bp13.7 bp −$1436.3 bp −$363doesn't fitdoesn't fit
Paradex: 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
Injective LDO/USDC PERP−0.0851%1h0.4110−5.317%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4312−0.663%$117K$55K50xas long as short
dYdX LDO-USD0.0000%1h0.4338−0.055%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4343+0.051%$3K$10K25xas long as short
Paradex LDO-USD-PERPlong+0.0100%8h0.4341long leg$3K$5620x
Hyperliquid LDO+0.0100%1h0.4346+0.111%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4341+0.013%$171K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4343+0.051%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4341+0.005%$18.1M$37.7M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4335−0.133%$16.5M$12.9M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4335−0.133%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4339−0.041%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4340−0.018%$8.5M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4340−0.018%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4337−0.087%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4338−0.064%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4339−0.037%$86K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4328−0.295%$203K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4333−0.178%$309K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4340−0.018%$35K$649K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4343+0.056%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4445+2.401%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4335−0.125%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4342+0.019%$38K3xas long as short
BloFin LDO-USDT+0.0106%8h0.4344+0.074%$787K$224K75xas long as short
Kraken Futures PF_LDOUSD+0.0296%1h0.4343+0.047%$1.1M$527K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4343+0.040%$24K100xas long as short
Lighter LDO+0.0320%1h0.4351+0.235%$882K$268K10xas long as short
Reya LDORUSDPERP+0.0334%1h0.4338−0.071%$303K15xas long as short