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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.068%
Price spread now: Paradex against Reya−0.049%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropReya: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Paradex is 0.049% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42620.0342pay 0.0043% / 1h29m 27s$297K15x
ShortParadex LDO-USD-PERP0.42600.0100get 0.0100% / 8h3h 29m$3K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$50.73
Price spread: −0.049% → 0.000%
−$4.91
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$65.64
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample
Reya and Paradex: 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%1h0.4253−0.211%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4265+0.075%$82K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.566%$4K$1312xas long as short
Paradex LDO-USD-PERPshort+0.0100%8h0.4260−0.049%$3K20x
Hyperliquid LDO+0.0100%1h0.4267+0.115%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4268+0.134%$168K$100K10xas long as short
Pacifica LDO+0.0100%1h0.4268+0.136%$110K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4266+0.094%$17.9M$30.5M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4263+0.023%$16.1M$9.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4264+0.047%$4.0M$6.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4268+0.141%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4265+0.070%$7.7M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4268+0.141%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4266+0.094%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4267+0.117%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4269+0.171%$91K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4274+0.276%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4275+0.311%$306K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4270+0.188%$33K$643K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4267+0.120%$21K$246K5xas long as short
SunX LDO-USDT+0.0100%8h0.4369+2.510%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4262−0.005%$255K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4265+0.061%$38K3xas long as short
BloFin LDO-USDT+0.0119%8h0.4276+0.328%$913K$253K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0219%1h0.4265+0.070%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4264+0.048%$23K100xas long as short
Reya LDORUSDPERPlong+0.0342%1h0.4262long leg$297K15x
Kraken Futures PF_LDOUSD+0.0394%1h0.4275+0.305%$1.1M$653K50xas long as short
Lighter LDO+0.0464%1h0.4277+0.357%$875K$249K10xas long as short