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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: BingX against Polymarket Perps+0.222%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$420.420% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.335%+$33 on $10k
Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.222%, 7d avg −0.044%
Together, before fees+0.103%+$10 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: BingX is 0.266% dearer against Polymarket Perps than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LDO-USD0.43230.0100pay 0.0013% / 1h17m 53s$23K$731K5x
ShortBingX LDO-USDT0.43330.0100get 0.0100% / 8h7h 17m$10.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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: +0.222% → −0.044%
$26.61
Slippage, 4 orders
−$24.01
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$15.39
Costs to cover
0.420%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 55 min ago; BingX: 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 Polymarket Perps live order book, 55 min ago2.80 bp6.9 bp −$77.4 bp −$74doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago2.31 bp12.9 bp −$1326.5 bp −$26592.8 bp −$9,276392.5 bp −$196.2K

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−0.0752%1h0.4323−0.009%$118K$53K50xas long as short
dYdX LDO-USD0.0000%1h0.4320−0.079%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.936%$4K$1412xas long as short
BloFin LDO-USDT+0.0086%8h0.4319−0.102%$790K$217K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4316−0.164%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4338+0.338%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4336+0.303%$171K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4319−0.104%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4337+0.315%$18.2M$37.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4332+0.199%$16.4M$12.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4332+0.199%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4335+0.268%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4337+0.315%$8.0M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4334+0.245%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4334+0.245%$3.4M$3.6M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4333+0.222%$10.1M
Backpack LDO_USDC_PERP+0.0100%1h0.4335+0.268%$89K$149K10xas long as short
Variational Omni LDO+0.0100%8h0.4309−0.338%$202K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4313−0.239%$309K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4310−0.310%$35K$644K50xas long as short
Polymarket Perps LDO-USDlong+0.0100%1h0.4323long leg$23K$731K5x
SunX LDO-USDT+0.0100%8h0.4428+2.419%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4333+0.218%$264K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4329+0.118%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0196%1h0.4335+0.258%$1.1M$526K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4326+0.062%$24K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4319−0.104%$301K15xas long as short
Deribit LDO_USDC-PERPETUAL+0.0443%1h0.4330+0.153%$3K$10K25xas long as short
Lighter LDO+0.0592%1h0.4344+0.479%$882K$267K10xas long as short