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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.043%
Price spread now: Lighter against BloFin+0.195%90s7-day average +0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$650.648% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.116%+$12 on $10k
Price spread, last 4 days (all we have)−0.033%−$3 · spread now +0.195%, 7d avg +0.177%
Together, before fees+0.083%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LDO-USDT0.41490.0096pay 0.0096% / 8h5h 47m$880K$266K75x
ShortLighter LDO0.41570.0096get 0.0012% / 1h47m 45s$838K$243K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$0.09
Price spread: +0.195% → +0.177%
$1.87
Slippage, 4 orders
−$52.82
Fee BloFin: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$62.86
Costs to cover
0.648%
Break-even
4827.5 days
Slippage from BloFin: live order book, 62 min ago; Lighter: live order book, 60 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, 62 min ago7.26 bp16.1 bp −$1629.9 bp −$299112.9 bp −$11.3Kdoesn't fit
Sell Lighter live order book, 60 min ago7.96 bp9.2 bp −$948.0 bp −$480doesn't fitdoesn't fit

LDO on 29 exchanges

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−0.0384%1h0.4125−0.578%$113K$47K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0232%1h0.4151+0.048%$7K$10K25xas long as short
Backpack LDO_USDC_PERP−0.0008%1h0.4150+0.024%$84K$171K10xas long as short
dYdX LDO-USD0.0000%1h0.4150+0.024%$80K$2K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−0.940%$4K$1012xas long as short
BloFin LDO-USDTlong+0.0096%8h0.4149long leg$880K$266K75x
Lighter LDOshort+0.0096%1h0.4157+0.195%$838K$243K10x
Paradex LDO-USD-PERP+0.0100%8h0.4144−0.111%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4153+0.087%$11.4M$2.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4152+0.072%$163K$54K10xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4147−0.050%$105K$7K10xas long as short
Binance LDOUSDT+0.0100%8h0.4150+0.027%$17.5M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4148−0.024%$16.0M$9.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.41490.000%$4.0M$5.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.41490.000%$1.6M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4151+0.048%$6.3M$5.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4151+0.048%$2.6M$2.9M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4150+0.024%$3.2M$2.5M75xas long as short
BingX LDO-USDT+0.0100%8h0.4148−0.024%$10.0Mas long as short
Variational Omni LDO+0.0100%8h0.4148−0.013%$198K$51Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4159+0.239%$294K$3.3M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4160+0.265%$31K$632K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4148−0.012%$24K$309K5xas long as short
SunX LDO-USDT+0.0100%8h0.4245+2.314%$2K$1.1M20xas long as short
Extended LDO-USD+0.0104%1h0.4148−0.015%$251K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4151+0.038%$37K3xas long as short
Reya LDORUSDPERP+0.0349%1h0.4150+0.025%$289K15xas long as short
Kraken Futures PF_LDOUSD+0.0364%1h0.4153+0.087%$1.0M$742K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0384% / S −0.0308%1h0.4151+0.046%$29K100xas long as short