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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Polymarket Perps against ApeX Omni+0.173%7-day average −0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$470.474% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.286%−$29 on $10k
Price spread, last 4 days (all we have)−0.549%−$55 · spread now +0.173%, 7d avg −0.089%
Together, before fees−0.835%−$84 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: Polymarket Perps is 0.263% dearer against ApeX Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42100.0100pay 0.0013% / 1h13m 28s$31K$632K50x
ShortPolymarket Perps LDO-USD0.42170.0100get 0.0013% / 1h13m 28s$24K$375K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.173% → −0.089%
$26.27
Slippage, 4 orders
−$29.44
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$21.17
Costs to cover
0.474%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 24 min ago; Polymarket Perps: live order book, 24 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 ago5.96 bp15.5 bp −$1599.3 bp −$993doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 24 min ago4.77 bp8.8 bp −$98.9 bp −$89doesn'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−0.0920%1h0.4186−0.570%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4210+0.004%$81K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.375%$4K$1112xas long as short
BloFin LDO-USDT+0.0079%8h0.4205−0.119%$881K$258K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4211+0.025%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4218+0.200%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4214+0.107%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4214+0.095%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4214+0.102%$17.7M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.42100.000%$16.1M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4213+0.071%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4213+0.071%$1.4M$1.2M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4214+0.095%$6.5M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4215+0.119%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4214+0.095%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4213+0.071%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4215+0.131%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4202−0.194%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4206−0.104%$299K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4210long leg$31K$632K50x
Polymarket Perps LDO-USDshort+0.0100%1h0.4217+0.173%$24K$375K5x
SunX LDO-USDT+0.0100%8h0.4310+2.375%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4210+0.006%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4216+0.143%$37K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0224%1h0.4218+0.190%$7K$20K25xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4214+0.086%$1.1M$729K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4205−0.124%$23K100xas long as short
Reya LDORUSDPERP+0.0346%1h0.4213+0.071%$294K15xas long as short
Lighter LDO+0.0384%1h0.4221+0.268%$851K$272K10xas long as short