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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Binance against ApeX Omni+0.033%79s7-day average −0.103% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.564% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 4 days (all we have)−0.714%−$71 · spread now +0.033%, 7d avg −0.103%
Together, before fees−0.773%−$77 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: Binance is 0.136% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.103%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43000.0100pay 0.0013% / 1h56m 06s$33K$638K50x
ShortBinance LDOUSDT0.43010.0100get 0.0100% / 8h5h 56m$18.0M$32.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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: +0.033% → −0.103%
$13.65
Slippage, 4 orders
−$36.38
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$42.73
Costs to cover
0.564%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 7 min ago; Binance: live order book, 16 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 7 min ago6.98 bp16.3 bp −$16105.1 bp −$1,051doesn't fitdoesn't fit
Sell Binance live order book, 16 min ago1.17 bp11.2 bp −$1128.9 bp −$289130.4 bp −$13.0Kdoesn'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−0.0512%1h0.4259−0.953%$119K$43K50xas long as short
dYdX LDO-USD0.0000%1h0.4281−0.435%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.419%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4304+0.083%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4301+0.019%$11.7M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4305+0.110%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4301+0.017%$110K$144K10xas long as short
Binance LDOUSDTshort+0.0100%8h0.4301+0.033%$18.0M$32.4M75x
Bybit LDOUSDT+0.0100%8h0.4296−0.093%$16.2M$10.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4296−0.093%$4.0M$7.3M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4304+0.093%$1.5M$999K50xas long as short
MEXC LDO_USDT+0.0100%8h0.43000.000%$7.7M$6.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4301+0.023%$2.8M$4.0M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4301+0.023%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4298−0.047%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4301+0.021%$88K$148K10xas long as short
Variational Omni LDO+0.0100%8h0.4304+0.088%$201K$68Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4296−0.092%$303K$3.4M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4300long leg$33K$638K50x
Polymarket Perps LDO-USD+0.0100%1h0.4307+0.167%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4404+2.419%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4301+0.027%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4302+0.051%$38K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0215%1h0.4307+0.163%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4306+0.150%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4303+0.066%$300K15xas long as short
Lighter LDO+0.0360%1h0.4309+0.216%$875K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0574%1h0.4306+0.150%$1.2M$712K50xas long as short