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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.067%
Price spread now: BingX against Reya+0.138%7-day average +0.033% · 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)−0.187%−$19 on $10k
Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.138%, 7d avg +0.033%
Together, before fees−0.436%+ Points / potential airdropReya: Active · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.105% dearer against Reya than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.033%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42820.0341pay 0.0043% / 1h59m 16s$299K15x
ShortBingX LDO-USDT0.42880.0100get 0.0100% / 8h3h 59m$10.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$50.58
Price spread: +0.138% → +0.033%
$10.51
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$56.07
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago3.51 bp13.2 bp −$1323.5 bp −$23598.8 bp −$9,880385.6 bp −$192.8K
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−0.0352%1h0.4268−0.329%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4286+0.084%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4286+0.091%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.019%$4K$1312xas long as short
BloFin LDO-USDT+0.0078%8h0.4287+0.114%$909K$253K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4286+0.103%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4288+0.147%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4293+0.255%$169K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4288+0.146%$110K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4287+0.111%$18.0M$30.9M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4283+0.021%$16.1M$9.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4283+0.021%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4288+0.138%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4286+0.091%$7.7M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4286+0.091%$2.8M$3.7M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4284+0.044%$3.3M$3.1M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4288+0.138%$10.0M
Backpack LDO_USDC_PERP+0.0100%1h0.4286+0.096%$91K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4284+0.039%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4276−0.142%$306K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−0.049%$33K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4289+0.173%$23K$510K5xas long as short
SunX LDO-USDT+0.0100%8h0.4390+2.520%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4283+0.017%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4286+0.080%$38K3xas long as short
Lighter LDO+0.0304%1h0.4296+0.315%$875K$244K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4284+0.039%$23K100xas long as short
Reya LDORUSDPERPlong+0.0341%1h0.4282long leg$299K15x
Kraken Futures PF_LDOUSD+0.0393%1h0.4288+0.132%$1.2M$678K50xas long as short