Funding you earn now, next payment 10:00 UTC+0.0248%/8h= +27.2% APRpaid last 24h +0.070%
Price spread now: Reya against Variational Omni+0.270%70s7-day average −0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.215%+$21 on $10k
+Price spread, last 4 days (all we have)−0.380%−$38 · spread now +0.270%, 7d avg −0.016%
=Together, before fees−0.165%+ Points / potential airdropVariational Omni: Active · Reya: Active · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.286% dearer against Variational Omni than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.016%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni LDO | 0.4176 | 0.0100 | pay 0.0100% / 8h | 6h 21m | $199K | $59K | — |
| Short | Reya LDORUSDPERP | 0.4187 | 0.0348 | get 0.0044% / 1h | 21m 23s | $292K | — | 15x |
Variational Omni LDO
Reya LDORUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $52.15
- Price spread: +0.270% → −0.016%
- $28.59
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- $74.73
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; Reya: 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, 30 min ago | 4.80 bp | doesn't fit | 31.2 bp −$312 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 exchanges
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 | −0.0616% | 1h | 0.4178 | +0.044% | $115K | $46K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0180% | 1h | 0.4179 | +0.069% | $1.0M | $796K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4187 | +0.263% | $80K | $2K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4176 | −0.003% | $7K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −1.584% | $4K | $10 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4180 | +0.102% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4186 | +0.231% | $11.4M | $2.9M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4183 | +0.168% | $164K | $73K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4185 | +0.205% | $105K | $28K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4179 | +0.071% | $17.6M | $31.9M | 75x | as long as short |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
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 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit LDOUSDT | +0.0100% | 8h | 0.4175 | −0.027% | $16.1M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4176 | −0.003% | $4.0M | $6.4M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4181 | +0.116% | $1.6M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4181 | +0.116% | $6.3M | $5.4M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4182 | +0.140% | $2.7M | $3.0M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4180 | +0.092% | $3.2M | $2.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4180 | +0.092% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4186 | +0.243% | $88K | $181K | 10x | as long as short |
| Variational Omni LDOlong | +0.0100% | 8h | 0.4176 | long leg | $199K | $59K | — | |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4176 | −0.006% | $300K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4180 | +0.092% | $31K | $633K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4182 | +0.128% | $24K | $319K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4278 | +2.439% | $1K | $1.2M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4173 | −0.064% | $255K | $1.4M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4177 | +0.012% | $37K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0124% | 8h | 0.4175 | −0.027% | $880K | $271K | 75x | as long as short |
| Lighter LDO | +0.0128% | 1h | 0.4190 | +0.325% | $845K | $262K | 10x | as long as short |
| Reya LDORUSDPERPshort | +0.0348% | 1h | 0.4187 | +0.270% | $292K | — | 15x | |
| GMX LDO/USD [ETH-USDC] | L +0.0386% / S −0.0308% | 1h | 0.4177 | +0.022% | $29K | — | 100x | 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
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
Lighter LDO
GMX LDO/USD [ETH-USDC]