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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0852%/8h= −93.3% APRpaid last 24h −0.343%
Price spread now: Coinbase International against BingX−0.046%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$423as in the Funding arb table
Net, price: spread back to 7d avg − costs−$350as in the Price arb table
costs, in and out, $10k−$3503.500% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.728%−$73 on $10k
Price spread, last 3 days (all we have)+0.234%+$23 · spread now −0.046%, 7d avg −0.044%
Together, before fees−0.494%−$49 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LDO-USDT0.43020.0100pay 0.0100% / 8h7h 34m$3.7M
ShortCoinbase International LDO-PERP-INTX0.4300−0.0752pay 0.0094% / 1h34m 59s$117K$52K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against BingX. 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
−$178.92
Price spread: −0.046% → −0.044%
−$0.26
Slippage, 4 orders
−$329.96
Fee BingX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$529.14
Costs to cover
3.500%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Coinbase International: live order book, 38 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 BingX live order book, 10 min ago1.16 bp15.9 bp −$1624.1 bp −$241179.8 bp −$18.0K452.0 bp −$226.0K
Sell Coinbase International live order book, 38 min ago11.64 bp222.1 bp −$222doesn't fitdoesn'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-INTXshort−0.0752%1h0.4300−0.046%$117K$52K50x
dYdX LDO-USD0.0000%1h0.4306+0.100%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.463%$4K$1412xas long as short
BloFin LDO-USDT+0.0092%8h0.4299−0.070%$789K$221K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4301−0.027%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4306+0.084%$12.0M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4305+0.080%$169K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4305+0.076%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4303+0.024%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4298−0.093%$16.3M$12.4M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4299−0.070%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4304+0.046%$1.4M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4301−0.023%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4304+0.046%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4300−0.046%$3.4M$3.7M75xas long as short
BingX LDO-USDTlong+0.0100%8h0.4302long leg$3.7M
Backpack LDO_USDC_PERP+0.0100%1h0.4302−0.007%$87K$149K10xas long as short
Variational Omni LDO+0.0100%8h0.4303+0.031%$201K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4301−0.023%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4310+0.186%$35K$644K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4302−0.005%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4403+2.348%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4299−0.078%$259K$1.6M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4301−0.012%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0197%1h0.4305+0.063%$1.1M$525K50xas long as short
Deribit LDO_USDC-PERPETUAL+0.0215%1h0.4303+0.023%$3K$10K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4300−0.056%$23K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4297−0.113%$300K15xas long as short
Lighter LDO+0.0552%1h0.4311+0.216%$875K$267K10xas long as short