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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0093%/8h= +10.2% APRnext payment +$0.12 per $10,000 · paid last 24h −0.023%
Price spread now: Kraken Futures against Aevo+0.057%55s7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.057% dearer against Aevo than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo LDO-PERP0.43040.0104pay 0.0013% / 1h51m 23s$38K3x
ShortKraken Futures PF_LDOUSD0.43070.0197get 0.0025% / 1h51m 23s$1.1M$524K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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
$19.54
Price spread: +0.057% → 0.000%
$5.67
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$0.79
Costs to cover
0.260%
Break-even
7.3 days
Slippage unknown: Aevo: no order-book sample; Kraken Futures: live order book, 2 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 Aevo no order-book sample
Sell Kraken Futures live order book, 2 min ago6.96 bp19.9 bp −$20doesn't fitdoesn't fitdoesn't fit
Aevo: 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
Coinbase International LDO-PERP-INTX−0.0752%1h0.4316+0.269%$117K$52K50xas long as short
dYdX LDO-USD0.0000%1h0.4307+0.067%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4307+0.060%$3K$10K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.517%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4301−0.084%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4306+0.046%$12.1M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4307+0.069%$169K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4306+0.029%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4305+0.022%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4302−0.056%$16.3M$12.5M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4301−0.079%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4305+0.014%$1.4M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4302−0.056%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4304−0.010%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4305+0.014%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4303−0.033%$3.7Mas long as short
Variational Omni LDO+0.0100%8h0.4299−0.118%$202K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4311+0.142%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4310+0.130%$35K$646K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4305+0.014%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4407+2.383%$2K$1.5M20xas long as short
BloFin LDO-USDT+0.0102%8h0.4311+0.153%$788K$222K75xas long as short
Extended LDO-USD+0.0104%1h0.4300−0.106%$259K$1.1M25xas long as short
Aevo LDO-PERPlong+0.0104%1h0.4304long leg$38K3x
Backpack LDO_USDC_PERP+0.0149%1h0.4306+0.030%$86K$149K10xas long as short
Kraken Futures PF_LDOUSDshort+0.0197%1h0.4307+0.057%$1.1M$524K50x
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.43040.000%$23K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4301−0.076%$300K15xas long as short
Lighter LDO+0.0448%1h0.4314+0.214%$876K$267K10xas long as short