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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%
Price spread now: ApeX Omni against Variational Omni+0.127%103s7-day average +0.154% · 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)+0.015%+$1 on $10k
Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.127%, 7d avg +0.154%
Together, before fees−0.005%+ Points / potential airdropVariational Omni: Active · farm board−$1 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: ApeX Omni is 0.027% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.154%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni LDO0.43150.0100pay 0.0100% / 8h2h 35m$201K$89K
ShortApeX Omni LDOUSDT0.43200.0100get 0.0013% / 1h35m 54s$35K$647K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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: +0.127% → +0.154%
−$2.68
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$12.68
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 53 min ago; ApeX Omni: live order book, 52 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 Variational Omni RFQ quote, 53 min ago5.72 bpdoesn't fit42.3 bp −$423doesn't fitdoesn't fit
Sell ApeX Omni live order book, 52 min ago6.88 bp15.0 bp −$1595.7 bp −$957doesn't fitdoesn't fit

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%1h0.4290−0.568%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0329%1h0.4323+0.194%$1.1M$557K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0212%1h0.4323+0.197%$3K$10K25xas long as short
dYdX LDO-USD0.0000%1h0.4322+0.170%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.032%$4K$1112xas long as short
BloFin LDO-USDT+0.0073%8h0.4325+0.243%$795K$228K75xas long as short
Lighter LDO+0.0096%1h0.4336+0.505%$879K$264K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4321+0.155%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4325+0.234%$11.9M$3.5M5xas long as short
Aster LDOUSDT+0.0100%8h0.4325+0.236%$170K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4322+0.177%$111K$182K10xas long as short
Binance LDOUSDT+0.0100%8h0.4322+0.177%$18.0M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4324+0.220%$16.8M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4321+0.150%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4319+0.104%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4320+0.127%$8.7M$7.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4322+0.173%$2.9M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4321+0.150%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4320+0.127%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4323+0.201%$89K$186K10xas long as short
Variational Omni LDOlong+0.0100%8h0.4315long leg$201K$89K
GRVT LDO_USDT_Perp+0.0100%8h0.4315+0.009%$303K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4320+0.127%$35K$647K50x
Polymarket Perps LDO-USD+0.0100%1h0.4325+0.234%$34K$697K5xas long as short
SunX LDO-USDT+0.0100%8h0.4422+2.491%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4319+0.104%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4323+0.194%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4324+0.216%$24K100xas long as short
Reya LDORUSDPERP+0.0332%1h0.4320+0.119%$301K15xas long as short