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−0.0229%/8h= −25.1% APRnext payment $0.29 per $10,000 · paid last 24h −0.064%
Price spread now: Extended against Reya−0.075%7-day average −0.030% · 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)−0.166%−$17 on $10k
Price spread, last 3 days (all we have)−0.087%−$9 · spread now −0.075%, 7d avg −0.030%
Together, before fees−0.253%+ Points / potential airdropReya: Active · Extended: Active · farm board−$25 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 Extended is 0.044% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42950.0333pay 0.0042% / 1h1m 48s$300K15x
ShortExtended LDO-USD0.42910.0104get 0.0013% / 1h1m 48s$257K$1.0M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$48.05
Price spread: −0.075% → −0.030%
−$4.45
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$63.5
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Extended: 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 Reya no order-book sample
Sell Extended live order book, 1 min ago5.82 bp17.9 bp −$1897.9 bp −$979doesn'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%1h0.4272−0.526%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0331%1h0.4299+0.111%$1.1M$564K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4298+0.080%$3K$10K25xas long as short
dYdX LDO-USD+0.0013%1h0.4299+0.098%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−0.572%$4K$1312xas long as short
Lighter LDO+0.0096%1h0.4314+0.445%$875K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4297+0.058%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4299+0.115%$11.8M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4301+0.152%$169K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4297+0.057%$110K$178K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4298+0.080%$17.9M$38.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4293−0.037%$16.4M$13.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4295+0.010%$4.0M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4301+0.150%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4296+0.033%$8.5M$7.7M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4298+0.080%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4293−0.037%$3.3M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4297+0.057%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4296+0.045%$85K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4321+0.623%$202K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4276−0.424%$307K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+0.126%$34K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4301+0.154%$23K$740K5xas long as short
SunX LDO-USDT+0.0100%8h0.4398+2.408%$1K$1.5M20xas long as short
BloFin LDO-USDT+0.0103%8h0.4300+0.126%$796K$227K75xas long as short
Extended LDO-USDshort+0.0104%1h0.4291−0.075%$257K$1.0M25x
Aevo LDO-PERP+0.0104%1h0.4300+0.122%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4300+0.132%$23K100xas long as short
Reya LDORUSDPERPlong+0.0333%1h0.4295long leg$300K15x