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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h +0.002%
Price spread now: Extended against BloFin−0.289%94s7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$620.618% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.289%, 7d avg −0.100%
Together, before fees+0.201%+ Points / potential airdropExtended: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.189% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.100%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LDO-USDT0.42150.0120pay 0.0120% / 8h59m 31s$888K$258K75x
ShortExtended LDO-USD0.42030.0104get 0.0013% / 1h59m 31s$253K$1.1M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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
−$3.33
Price spread: −0.289% → −0.100%
−$18.9
Slippage, 4 orders
−$44.78
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$84.01
Costs to cover
0.618%
Break-even
never at this rate
Slippage from BloFin: live order book, 13 min ago; Extended: live order book, 4 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 BloFin live order book, 13 min ago2.37 bp16.9 bp −$1722.8 bp −$22879.7 bp −$7,973doesn't fit
Sell Extended live order book, 4 min ago4.74 bp17.2 bp −$1790.3 bp −$903doesn'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−0.0648%1h0.4193−0.522%$117K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4206−0.209%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4208−0.166%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.491%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4203−0.287%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4208−0.168%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4206−0.221%$165K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4205−0.233%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4206−0.221%$17.6M$30.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4202−0.308%$15.9M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4204−0.261%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4203−0.285%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4205−0.237%$6.7M$5.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4206−0.214%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4202−0.308%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4204−0.261%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4205−0.237%$89K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4204−0.267%$196K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4209−0.142%$299K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210−0.119%$31K$635K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4212−0.076%$22K$376K5xas long as short
SunX LDO-USDT+0.0100%8h0.4308+2.206%$2K$1.2M20xas long as short
Extended LDO-USDshort+0.0104%1h0.4203−0.289%$253K$1.1M25x
Aevo LDO-PERP+0.0104%1h0.4208−0.172%$37K3xas long as short
BloFin LDO-USDTlong+0.0120%8h0.4215long leg$888K$258K75x
Lighter LDO+0.0304%1h0.4213−0.038%$849K$270K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4208−0.160%$23K100xas long as short
Reya LDORUSDPERP+0.0345%1h0.4203−0.276%$293K15xas long as short
Kraken Futures PF_LDOUSD+0.0382%1h0.4208−0.166%$1.1M$706K50xas long as short