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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Bitget+0.070%63s7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$640.636% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.038%−$4 on $10k
Price spread, last 4 days (all we have)+0.410%+$41 · spread now +0.070%, 7d avg +0.158%
Together, before fees+0.371%+$37 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: ApeX Omni is 0.088% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.158%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LDOUSDT0.43070.0100pay 0.0100% / 8h5h 10m$3.3M$3.2M75x
ShortApeX Omni LDOUSDT0.43100.0100get 0.0013% / 1h10m 26s$33K$639K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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: +0.070% → +0.158%
−$8.79
Slippage, 4 orders
−$41.64
Fee Bitget: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$72.44
Costs to cover
0.636%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 53 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 Bitget live order book, 2 min ago2.33 bp17.4 bp −$1742.3 bp −$423doesn't fitdoesn't fit
Sell ApeX Omni live order book, 53 min ago6.98 bp16.2 bp −$16102.5 bp −$1,025doesn'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−0.0512%1h0.4304−0.070%$120K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4310+0.070%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.574%$4K$1312xas long as short
BloFin LDO-USDT+0.0085%8h0.4311+0.093%$923K$255K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4310+0.069%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4314+0.165%$11.8M$3.3M5xas long as short
Aster LDOUSDT+0.0100%8h0.4309+0.057%$170K$116K10xas long as short
Pacifica LDO+0.0100%1h0.4311+0.098%$111K$86K10xas long as short
Binance LDOUSDT+0.0100%8h0.4311+0.093%$18.1M$31.2M75xas long as short
Bybit LDOUSDT+0.0100%8h0.43070.000%$16.2M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.43070.000%$4.0M$7.0M50xas long as short
Gate LDO_USDT+0.0100%8h0.4304−0.070%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4312+0.116%$7.8M$7.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4309+0.046%$2.8M$3.9M50xas long as short
Bitget LDOUSDTlong+0.0100%8h0.4307long leg$3.3M$3.2M75x
BingX LDO-USDT+0.0100%8h0.43070.000%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4312+0.125%$94K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4301−0.147%$202K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4303−0.093%$305K$3.3M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4310+0.070%$33K$639K50x
Polymarket Perps LDO-USD+0.0100%1h0.4312+0.118%$23K$522K5xas long as short
SunX LDO-USDT+0.0100%8h0.4409+2.368%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4307−0.008%$258K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4313+0.128%$38K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0214%1h0.4313+0.139%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4307+0.010%$23K100xas long as short
Reya LDORUSDPERP+0.0339%1h0.4302−0.118%$300K15xas long as short
Lighter LDO+0.0416%1h0.4320+0.306%$877K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0573%1h0.4315+0.175%$1.2M$685K50xas long as short