Funding you earn now, next payment 08:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.035%
Price spread now: GMX against Variational Omni+0.351%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.351% dearer against Variational Omni than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni LDO | 0.4191 | 0.0100 | pay 0.0100% / 8h | 53m 00s | $195K | $62K | — |
| Short | GMX LDO/USD [ETH-USDC] | 0.4205 | L +0.0318% / S −0.0201% | get 0.0025% / 1h | 53m 00s | $23K | — | 100x |
Variational Omni LDO
GMX LDO/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21.26
- Price spread: +0.351% → 0.000%
- $35.11
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $44.38
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 51 min ago; GMX: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Variational Omni RFQ quote, 51 min ago | 4.72 bp | doesn't fit | 35.4 bp −$354 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0920% | 1h | 0.4180 | −0.256% | $116K | $39K | 50x | as long as short |
| ApeX Omni LDOUSDT | −0.0331% | 1h | 0.4200 | +0.221% | $31K | $634K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4210 | +0.460% | $81K | $5K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4207 | +0.388% | $7K | $20K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.926% | $4K | $11 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4206 | +0.353% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4213 | +0.524% | $11.5M | $3.0M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4212 | +0.508% | $166K | $92K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4210 | +0.454% | $106K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4210 | +0.449% | $17.7M | $30.7M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
ApeX Omni LDOUSDT
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4206 | +0.365% | $15.9M | $9.8M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4209 | +0.436% | $4.0M | $6.6M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4208 | +0.412% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4207 | +0.388% | $6.6M | $5.4M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4209 | +0.436% | $2.7M | $3.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4206 | +0.365% | $3.2M | $3.0M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4208 | +0.412% | — | $10.1M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4207 | +0.398% | $91K | $177K | 10x | as long as short |
| Variational Omni LDOlong | +0.0100% | 8h | 0.4191 | long leg | $195K | $62K | — | |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4208 | +0.412% | $299K | $3.5M | 10x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4212 | +0.496% | $22K | $371K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4308 | +2.798% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4203 | +0.284% | $253K | $1.2M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4206 | +0.359% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0114% | 8h | 0.4207 | +0.388% | $890K | $257K | 75x | as long as short |
| Kraken Futures PF_LDOUSD | +0.0225% | 1h | 0.4209 | +0.445% | $1.1M | $709K | 50x | as long as short |
| Lighter LDO | +0.0312% | 1h | 0.4214 | +0.546% | $849K | $270K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC]short | L +0.0318% / S −0.0201% | 1h | 0.4205 | +0.351% | $23K | — | 100x | |
| Reya LDORUSDPERP | +0.0345% | 1h | 0.4205 | +0.330% | $293K | — | 15x | as long as short |
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
GRVT LDO_USDT_Perp
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Kraken Futures PF_LDOUSD
Lighter LDO
Reya LDORUSDPERP