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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0497%/8h= +54.4% APRpaid last 24h −0.008%
Price spread now: Kraken Futures against Paradex+0.104%7-day average · 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 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
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.104% dearer against Paradex than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex LDO-USD-PERP0.42310.0100pay 0.0100% / 8h2h 12m$3K20x
ShortKraken Futures PF_LDOUSD0.42350.0597get 0.0075% / 1h12m 48s$1.1M$661K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$104.31
Price spread: +0.104% → 0.000%
$10.4
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$100.71
Costs to cover
0.140%
Break-even
0.2 days
Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago9.45 bp16.7 bp −$1799.0 bp −$990doesn'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
Coinbase International LDO-PERP-INTX−0.0464%1h0.4192−0.920%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4234+0.076%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4234+0.072%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.858%$4K$1112xas long as short
Paradex LDO-USD-PERPlong+0.0100%8h0.4231long leg$3K20x
Hyperliquid LDO+0.0100%1h0.4237+0.131%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4235+0.088%$167K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4234+0.083%$107K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4234+0.081%$17.7M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4232+0.025%$16.1M$10.2M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4233+0.049%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4231+0.001%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4233+0.049%$7.2M$5.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4235+0.096%$2.7M$3.5M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4231+0.001%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4233+0.049%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4234+0.065%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4225−0.145%$197K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4232+0.025%$301K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4230−0.022%$32K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4236+0.127%$22K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4335+2.460%$1K$1.2M20xas long as short
BloFin LDO-USDT+0.0102%8h0.4233+0.049%$887K$259K75xas long as short
Extended LDO-USD+0.0104%1h0.4230−0.027%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4233+0.037%$37K3xas long as short
Lighter LDO+0.0192%1h0.4242+0.254%$855K$267K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4233+0.056%$23K100xas long as short
Reya LDORUSDPERP+0.0343%1h0.4232+0.033%$295K15xas long as short
Kraken Futures PF_LDOUSDshort+0.0597%1h0.4235+0.104%$1.1M$661K50x