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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%
Price spread now: Bybit against ApeX Omni+0.117%99s7-day average −0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$600.598% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.069%−$7 on $10k
Price spread, last 4 days (all we have)−0.900%−$90 · spread now +0.117%, 7d avg −0.182%
Together, before fees−0.969%−$97 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: Bybit is 0.299% dearer against ApeX Omni than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.182%. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42800.0100pay 0.0013% / 1h43m 55s$33K$644K50x
ShortBybit LDOUSDT0.42850.0100get 0.0100% / 8h6h 43m$16.2M$11.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.117% → −0.182%
$29.91
Slippage, 4 orders
−$38.76
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$29.85
Costs to cover
0.598%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 24 min ago; Bybit: 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, 24 min ago6.90 bp15.6 bp −$16109.7 bp −$1,097doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago1.17 bp13.5 bp −$1433.0 bp −$330doesn'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−0.0416%1h0.4290+0.234%$119K$45K50xas long as short
dYdX LDO-USD0.0000%1h0.42800.000%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.972%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4274−0.145%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4291+0.264%$11.9M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4288+0.178%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4281+0.018%$110K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4288+0.175%$17.9M$34.6M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4285+0.117%$16.2M$11.2M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4286+0.140%$4.0M$8.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4285+0.117%$1.5M$994K50xas long as short
MEXC LDO_USDT+0.0100%8h0.4286+0.140%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4285+0.117%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4285+0.117%$3.3M$3.4M75xas long as short
BingX LDO-USDT+0.0100%8h0.4286+0.140%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4287+0.164%$88K$154K10xas long as short
Variational Omni LDO+0.0100%8h0.4274−0.144%$201K$80Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4293+0.305%$303K$3.4M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4280long leg$33K$644K50x
Polymarket Perps LDO-USD+0.0100%1h0.4280+0.009%$23K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4386+2.477%$2K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4284+0.103%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4286+0.149%$38K3xas long as short
Lighter LDO+0.0112%1h0.4295+0.355%$872K$267K10xas long as short
BloFin LDO-USDT+0.0118%8h0.4300+0.467%$918K$241K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0217%1h0.4286+0.140%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4279−0.023%$23K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4273−0.154%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0561%1h0.4290+0.225%$1.2M$793K50xas long as short