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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0237%/8h= −25.9% APRnext payment $0.30 per $10,000 · paid last 24h −0.069%
Price spread now: ApeX Omni against Reya+0.838%63s7-day average +0.167% · 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 3 days (all we have)−0.182%−$18 on $10k
Price spread, last 3 days (all we have)−0.689%−$69 · spread now +0.838%, 7d avg +0.167%
Together, before fees−0.871%+ Points / potential airdropReya: Active · farm board−$87 on $10k · with fees, hour by hour
The price spread pays, funding is against you. ApeX Omni is 0.672% dearer against Reya than usual: you sell high and buy low (spread +0.838% now, against its 7-day average of +0.167%): +$67 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9.5 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.43240.0337pay 0.0042% / 1h5m 38s$302K15x
ShortApeX Omni LDOUSDT0.43600.0100get 0.0013% / 1h5m 38s$35K$644K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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
−$49.71
Price spread: +0.838% → +0.167%
$67.16
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$1.45
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; ApeX Omni: 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 Reya no order-book sample
Sell ApeX Omni live order book, 2 min ago6.90 bp15.7 bp −$1695.5 bp −$955doesn't fitdoesn't fit
Reya: 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−0.0752%1h0.4343+0.445%$119K$47K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4327+0.075%$8K$20K25xas long as short
dYdX LDO-USD+0.0026%1h0.4328+0.103%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.944%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4326+0.052%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4332+0.189%$12.0M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4331+0.164%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4330+0.137%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4329+0.125%$18.2M$36.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4325+0.029%$16.4M$11.7M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4325+0.029%$4.1M$8.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4329+0.121%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4328+0.098%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4329+0.121%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4325+0.029%$3.3M$3.5M75xas long as short
BingX LDO-USDT+0.0100%8h0.4325+0.029%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4328+0.087%$89K$151K10xas long as short
Variational Omni LDO+0.0100%8h0.4322−0.047%$203K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4349+0.591%$306K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4360+0.838%$35K$644K50x
Polymarket Perps LDO-USD+0.0100%1h0.4328+0.101%$23K$720K5xas long as short
SunX LDO-USDT+0.0100%8h0.4426+2.365%$2K$1.4M20xas long as short
BloFin LDO-USDT+0.0104%8h0.4350+0.607%$922K$213K75xas long as short
Extended LDO-USD+0.0104%1h0.4323−0.014%$264K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4326+0.053%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0196%1h0.4331+0.177%$1.1M$516K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4327+0.067%$24K100xas long as short
Reya LDORUSDPERPlong+0.0337%1h0.4324long leg$302K15x
Lighter LDO+0.0568%1h0.4338+0.334%$880K$267K10xas long as short