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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: Hyperliquid against SunX−2.357%7-day average −2.220% · 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+0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.147%+$15 · spread now −2.357%, 7d avg −2.220%
Together, before fees+0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.137% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −2.220%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX LDO-USDT0.43950.0100pay 0.0100% / 8h6h 11m$2K$1.3M20x
ShortHyperliquid LDO0.42910.0100get 0.0013% / 1h11m 19s$11.8M$3.7M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: −2.357% → −2.220%
−$13.74
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$30.74
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 3 min ago; Hyperliquid: live order book, 11 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 SunX live order book, 3 min ago256.29 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago1.74 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit

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%1h0.4259−3.094%$119K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4284−2.520%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−6.485%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4285−2.510%$3K20xas long as short
Hyperliquid LDOshort+0.0100%1h0.4291−2.357%$11.8M$3.7M5x
Aster LDOUSDT+0.0100%8h0.4292−2.353%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4287−2.449%$110K$159K10xas long as short
Binance LDOUSDT+0.0100%8h0.4292−2.334%$18.0M$33.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4290−2.389%$16.1M$10.8M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4291−2.366%$4.0M$7.6M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4288−2.435%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4292−2.344%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4290−2.389%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4289−2.412%$3.3M$3.3M75xas long as short
BingX LDO-USDT+0.0100%8h0.4288−2.435%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4287−2.464%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4276−2.714%$201K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4281−2.594%$302K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4280−2.617%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4291−2.364%$23K$717K5xas long as short
SunX LDO-USDTlong+0.0100%8h0.4395long leg$2K$1.3M20x
Extended LDO-USD+0.0104%1h0.4290−2.386%$259K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4293−2.332%$38K3xas long as short
Lighter LDO+0.0272%1h0.4302−2.118%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4289−2.403%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4287−2.467%$299K15xas long as short
Deribit LDO_USDC-PERPETUAL+0.0449%1h0.4295−2.275%$7K$20K25xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4296−2.261%$1.2M$774K50xas long as short