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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: dYdX against SunX−2.323%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 7 days−0.228%−$23 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 2.323% cheaper against SunX than usual: you would sell low and buy high (−$232 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX LDO-USDT0.44330.0100pay 0.0100% / 8h1h 21m$2K$1.5M20x
ShortdYdX LDO-USD0.43300get 0.0000% / 1h21m 56s$84K$17K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against SunX. 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
−$21
Price spread: −2.323% → 0.000%
−$232.35
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$271.35
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; dYdX: 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 SunX live order book, 3 min ago250.40 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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
Injective LDO/USDC PERP−0.0851%1h0.4110−7.286%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.0600%1h0.4299−3.023%$117K$54K50xas long as short
dYdX LDO-USDshort0.0000%1h0.4330−2.323%$84K$17K5x
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4334−2.233%$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4329−2.352%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4340−2.102%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4334−2.232%$170K$152K10xas long as short
Pacifica LDO+0.0100%1h0.4330−2.315%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4338−2.141%$18.0M$38.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4334−2.233%$16.5M$13.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4335−2.211%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4336−2.188%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4336−2.188%$8.6M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4335−2.211%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4337−2.166%$3.4M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4336−2.188%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4335−2.213%$85K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4324−2.460%$202K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4328−2.369%$305K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4330−2.323%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4335−2.222%$23K$736K5xas long as short
SunX LDO-USDTlong+0.0100%8h0.4433long leg$2K$1.5M20x
BloFin LDO-USDT+0.0100%8h0.4327−2.391%$789K$223K75xas long as short
Extended LDO-USD+0.0104%1h0.4333−2.252%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4334−2.227%$38K3xas long as short
Lighter LDO+0.0248%1h0.4343−2.039%$880K$268K10xas long as short
Kraken Futures PF_LDOUSD+0.0296%1h0.4335−2.208%$1.1M$552K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4333−2.246%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4329−2.346%$302K15xas long as short