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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Aevo against Backpack+0.173%46s7-day average · you sell dearer than you buy
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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.173% dearer against Backpack than usual: you sell high and buy low, +$17 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack LDO_USDC_PERP0.42160.0100pay 0.0013% / 1h1m 21s$90K$179K10x
ShortAevo LDO-PERP0.42230.0104get 0.0013% / 1h1m 21s$37K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Backpack. 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
$0.84
Price spread: +0.173% → 0.000%
$17.34
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$7.82
Costs to cover
0.260%
Break-even
72.2 days
Slippage unknown: Backpack: live order book, 52 min ago; Aevo: 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 Backpack live order book, 52 min ago4.78 bp15.3 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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
Coinbase International LDO-PERP-INTX−0.0352%1h0.4197−0.444%$117K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.4218+0.058%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4217+0.031%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.507%$4K$1312xas long as short
BloFin LDO-USDT+0.0089%8h0.4225+0.221%$898K$254K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4217+0.034%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4227+0.259%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4224+0.194%$166K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4219+0.081%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4223+0.180%$17.7M$30.8M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4221+0.126%$15.9M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4221+0.126%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4220+0.102%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4222+0.149%$7.4M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4221+0.126%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4221+0.126%$3.2M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4223+0.173%$10.0Mas long as short
Backpack LDO_USDC_PERPlong+0.0100%1h0.4216long leg$90K$179K10x
Variational Omni LDO+0.0100%8h0.4232+0.381%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4232+0.387%$301K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4220+0.102%$32K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4226+0.242%$49K$325K5xas long as short
SunX LDO-USDT+0.0100%8h0.4314+2.332%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4219+0.087%$254K$1.2M25xas long as short
Aevo LDO-PERPshort+0.0104%1h0.4223+0.173%$37K3x
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4221+0.121%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4222+0.140%$294K15xas long as short
Kraken Futures PF_LDOUSD+0.0399%1h0.4220+0.113%$1.1M$660K50xas long as short
Lighter LDO+0.0432%1h0.4228+0.282%$851K$271K10xas long as short