Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.031%

Price spread now: GMX against Aster−0.280%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.280% cheaper against Aster than usual: you would sell low and buy high (spread −0.280% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 4.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LDOUSDT	0.4109	0.0100	pay 0.0100% / 8h	4h 48m	$164K	$56K	10x
Short	GMX LDO/USD [ETH-USDC]	0.4098	L +0.0382% / S −0.0308%	get 0.0038% / 1h	48m 40s	$29K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.280%Rate

Funding earned: $43.65
Price spread: −0.280% → 0.000%: −$27.96
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$4.31
Costs to cover: 0.200%
Break-even: 7.7 days

Slippage unknown: Aster: live order book, 56 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 56 min ago	7.22 bp	46.2 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.0952%	1h	0.4077	−0.790%	$112K	$45K	50x	as long as short
Injective LDO/USDC PERP	−0.0384%	1h	0.4120	+0.257%	$4K	$9	12x	as long as short
ApeX Omni LDOUSDT	−0.0166%	1h	0.4100	−0.230%	$20K	$637K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4109	−0.013%	$79K	$2K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4095	−0.352%	$7K	$10K	25x	as long as short
BloFin LDO-USDT	+0.0079%	8h	0.4099	−0.254%	$867K	$266K	75x	as long as short
Lighter LDO	+0.0096%	1h	0.4115	+0.132%	$824K	$225K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4109	−0.002%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4109	−0.016%	$11.2M	$2.8M	5x	as long as short
Aster LDOUSDTlong	+0.0100%	8h	0.4109	long leg	$164K	$56K	10x

Show all 29 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LDO	+0.0100%	1h	0.4109	−0.004%	$104K	$7K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4109	−0.010%	$17.2M	$30.5M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4110	+0.013%	$15.9M	$9.4M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4111	+0.038%	$3.9M	$5.8M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4102	−0.181%	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4110	+0.013%	$6.3M	$5.1M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4106	−0.084%	$2.5M	$2.9M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4108	−0.035%	$3.1M	$2.5M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4108	−0.035%	—	$10.0M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4100	−0.223%	$84K	$165K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4099	−0.244%	$195K	$48K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4100	−0.230%	$293K	$3.4M	10x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4106	−0.084%	$20K	$328K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4196	+2.106%	$1K	$1.1M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4102	−0.191%	$248K	$1.7M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4094	−0.365%	$36K	—	3x	as long as short
Kraken Futures PF_LDOUSD	+0.0119%	1h	0.4100	−0.242%	$1.0M	$725K	50x	as long as short
Reya LDORUSDPERP	+0.0350%	1h	0.4103	−0.147%	$286K	—	15x	as long as short
GMX LDO/USD [ETH-USDC]short	L +0.0382% / S −0.0308%	1h	0.4098	−0.280%	$29K	—	100x