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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h 0.000%
Price spread now: BloFin against ApeX Omni−0.071%103s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$580.576% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.071%, 7d avg −0.089%
Together, before fees−0.056%−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42100.0100pay 0.0013% / 1h27m 28s$31K$637K50x
ShortBloFin LDO-USDT0.42070.0112get 0.0112% / 8h1h 27m$887K$257K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$2.56
Price spread: −0.071% → −0.089%
$1.73
Slippage, 4 orders
−$35.64
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$53.35
Costs to cover
0.576%
Break-even
153.0 days
Slippage from ApeX Omni: live order book, 16 min ago; BloFin: live order book, 50 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, 16 min ago5.92 bp16.5 bp −$16110.5 bp −$1,105doesn't fitdoesn't fit
Sell BloFin live order book, 50 min ago3.55 bp15.2 bp −$1528.5 bp −$28569.6 bp −$6,962doesn'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−0.0648%1h0.4193−0.404%$117K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.42100.000%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4213+0.071%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.375%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4219+0.211%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4224+0.335%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4221+0.261%$166K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4219+0.214%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4220+0.242%$17.7M$30.8M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4217+0.166%$16.0M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4222+0.285%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4217+0.166%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4219+0.214%$6.7M$6.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4218+0.190%$2.7M$3.4M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4218+0.190%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4218+0.190%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4213+0.069%$89K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4210−0.006%$196K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4211+0.035%$300K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4210long leg$31K$637K50x
Polymarket Perps LDO-USD+0.0100%1h0.4224+0.323%$22K$376K5xas long as short
SunX LDO-USDT+0.0100%8h0.4308+2.328%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4216+0.136%$253K$1.1M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4212+0.053%$37K3xas long as short
BloFin LDO-USDTshort+0.0112%8h0.4207−0.071%$887K$257K75x
Lighter LDO+0.0144%1h0.4227+0.411%$852K$271K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4210−0.008%$23K100xas long as short
Reya LDORUSDPERP+0.0344%1h0.4205−0.128%$293K15xas long as short
Kraken Futures PF_LDOUSD+0.0381%1h0.4214+0.100%$1.1M$714K50xas long as short