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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.065%
Price spread now: Bitget against Reya−0.055%7-day average +0.017% · 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 3 days (all we have)−0.172%−$17 on $10k
Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.055%, 7d avg +0.017%
Together, before fees−0.262%+ Points / potential airdropReya: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.072% cheaper against Reya than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42980.0333pay 0.0042% / 1h2m 53s$300K15x
ShortBitget LDOUSDT0.42960.0100get 0.0100% / 8h2h 02m$3.3M$3.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$48.89
Price spread: −0.055% → +0.017%
−$7.17
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$74.05
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago3.47 bp11.1 bp −$1127.4 bp −$274doesn'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−0.0688%1h0.4295−0.078%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0330%1h0.4307+0.192%$1.1M$564K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4303+0.108%$3K$10K25xas long as short
dYdX LDO-USD+0.0013%1h0.4304+0.126%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−0.660%$4K$1312xas long as short
Lighter LDO+0.0096%1h0.4317+0.432%$875K$266K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4301+0.072%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4302+0.078%$11.8M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4304+0.126%$169K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4302+0.090%$110K$178K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4300+0.048%$17.9M$38.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4298−0.008%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4295−0.078%$4.0M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4302+0.085%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4301+0.062%$8.5M$7.7M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4302+0.085%$2.8M$4.3M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.4296−0.055%$3.3M$3.8M75x
BingX LDO-USDT+0.0100%8h0.4300+0.038%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4302+0.092%$86K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4321+0.534%$202K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4276−0.512%$307K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+0.038%$34K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4304+0.127%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4400+2.365%$1K$1.5M20xas long as short
BloFin LDO-USDT+0.0103%8h0.4300+0.038%$796K$227K75xas long as short
Extended LDO-USD+0.0104%1h0.4297−0.038%$257K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4302+0.093%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4304+0.121%$23K100xas long as short
Reya LDORUSDPERPlong+0.0333%1h0.4298long leg$300K15x