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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Bitget against ApeX Omni0.000%113s7-day average −0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$610.609% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 4 days (all we have)−0.479%−$48 · spread now 0.000%, 7d avg −0.150%
Together, before fees−0.441%−$44 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: Bitget is 0.150% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.150%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.41900.0100pay 0.0013% / 1h37m 34s$31K$635K50x
ShortBitget LDOUSDT0.41900.0100get 0.0100% / 8h7h 37m$3.2M$2.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: 0.000% → −0.150%
$14.96
Slippage, 4 orders
−$38.89
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$45.92
Costs to cover
0.609%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 60 min ago; Bitget: live order book, 5 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, 60 min ago5.96 bp15.5 bp −$1599.3 bp −$993doesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago1.19 bp16.6 bp −$1740.9 bp −$409doesn'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−0.0952%1h0.4186−0.095%$116K$39K50xas long as short
Kraken Futures PF_LDOUSD−0.0370%1h0.4192+0.059%$1.1M$739K50xas long as short
dYdX LDO-USD0.0000%1h0.4191+0.031%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4195+0.119%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.909%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4189−0.016%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4195+0.129%$11.4M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4196+0.133%$165K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4192+0.053%$106K$29K10xas long as short
Binance LDOUSDT+0.0100%8h0.4193+0.060%$17.6M$31.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.41900.000%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.41900.000%$4.0M$6.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.4195+0.119%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4193+0.072%$6.9M$5.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4193+0.072%$2.6M$3.2M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.41900.000%$3.2M$2.9M75x
BingX LDO-USDT+0.0100%8h0.4189−0.024%$10.2Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4193+0.067%$89K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4188−0.052%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4195+0.119%$299K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4190long leg$31K$635K50x
Polymarket Perps LDO-USD+0.0100%1h0.4194+0.095%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4289+2.363%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4188−0.051%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4192+0.056%$37K3xas long as short
BloFin LDO-USDT+0.0105%8h0.4192+0.048%$883K$257K75xas long as short
Lighter LDO+0.0184%1h0.4199+0.212%$846K$272K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4193+0.076%$23K100xas long as short
Reya LDORUSDPERP+0.0347%1h0.4191+0.015%$292K15xas long as short