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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0221%/8h= +24.2% APRnext payment +$0.28 per $10,000 · paid last 24h −0.088%
Price spread now: Kraken Futures against Reya+0.109%7-day average +0.127% · 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)−0.175%−$17 on $10k
Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.109%, 7d avg +0.127%
Together, before fees−0.186%+ Points / potential airdropReya: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.127%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42970.0338pay 0.0042% / 1h1m 47s$300K15x
ShortKraken Futures PF_LDOUSD0.43020.0559get 0.0070% / 1h1m 47s$1.2M$749K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$46.47
Price spread: +0.109% → +0.127%
−$1.81
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$28.66
Costs to cover
0.160%
Break-even
2.7 days
Slippage unknown: Reya: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago12.80 bp25.9 bp −$2685.6 bp −$856doesn'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 28 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−0.0416%1h0.4259−0.892%$119K$43K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4300+0.062%$7K$20K25xas long as short
dYdX LDO-USD+0.0004%1h0.4290−0.171%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.360%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4297−0.011%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4302+0.099%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4299+0.049%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4298+0.007%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4300+0.054%$18.0M$32.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4298+0.015%$16.2M$10.6M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4298+0.015%$4.0M$7.4M50xas long as short
Gate LDO_USDT+0.0100%8h0.4299+0.038%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4299+0.038%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4300+0.062%$2.8M$4.0M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4299+0.038%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4298+0.015%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4299+0.045%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4288−0.223%$202K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4294−0.086%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290−0.171%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4301+0.080%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4401+2.412%$1K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4296−0.038%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4299+0.033%$38K3xas long as short
Lighter LDO+0.0304%1h0.4305+0.190%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4300+0.073%$23K100xas long as short
Reya LDORUSDPERPlong+0.0338%1h0.4297long leg$300K15x
Kraken Futures PF_LDOUSDshort+0.0559%1h0.4302+0.109%$1.2M$749K50x