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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.062%
Price spread now: Deribit against Aster−0.046%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.046% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster LDOUSDT0.43590.0100pay 0.0100% / 8h42m 55s$171K$149K10x
ShortDeribit LDO_USDC-PERPETUAL0.43570get 0.0000% / 1h42m 55s$3K$10K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Aster. 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
−$21
Price spread: −0.046% → 0.000%
−$4.59
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$40.59
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Aster: live order book, 33 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 33 min ago10.37 bp48.0 bp −$48doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective LDO/USDC PERP−0.5000%1h0.4110−5.712%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4360+0.023%$118K$56K50xas long as short
dYdX LDO-USD0.0000%1h0.4363+0.102%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUALshort0.0000%1h0.4357−0.046%$3K$10K25x
Kraken Futures PF_LDOUSD+0.0026%1h0.4358−0.026%$1.1M$529K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4355−0.093%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4361+0.057%$12.2M$4.0M5xas long as short
Aster LDOUSDTlong+0.0100%8h0.4359long leg$171K$149K10x
Pacifica LDO+0.0100%1h0.4358−0.023%$112K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4356−0.077%$18.1M$37.7M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4352−0.161%$16.5M$12.6M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4351−0.184%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4357−0.046%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4355−0.092%$8.4M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4357−0.046%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4355−0.092%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4355−0.092%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4356−0.057%$88K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4361+0.045%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4363+0.092%$314K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4370+0.252%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4356−0.057%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4456+2.225%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4352−0.167%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4358−0.034%$39K3xas long as short
BloFin LDO-USDT+0.0112%8h0.4358−0.023%$792K$221K75xas long as short
Lighter LDO+0.0288%1h0.4365+0.131%$885K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4358−0.025%$24K100xas long as short
Reya LDORUSDPERP+0.0335%1h0.4353−0.149%$304K15xas long as short