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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%
Price spread now: Extended against Bybit+0.022%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.597% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 7 days−0.095%−$9 · spread now +0.022%, 7d avg −0.017%
Together, before fees−0.083%+ Points / potential airdropExtended: Active · farm board−$8 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: Extended is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.41760.0100pay 0.0100% / 8h7h 29m$16.0M$10.0M50x
ShortExtended LDO-USD0.41770.0104get 0.0013% / 1h29m 07s$251K$1.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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: +0.022% → −0.017%
$3.98
Slippage, 4 orders
−$43.73
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$54.9
Costs to cover
0.597%
Break-even
464.5 days
Slippage from Bybit: live order book, 4 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 Bybit live order book, 4 min ago1.20 bp13.1 bp −$1336.5 bp −$365doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago4.78 bp16.1 bp −$1665.3 bp −$653doesn'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−0.0952%1h0.4180+0.096%$114K$41K50xas long as short
Kraken Futures PF_LDOUSD−0.0371%1h0.4181+0.118%$1.1M$742K50xas long as short
dYdX LDO-USD0.0000%1h0.4180+0.103%$80K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4180+0.096%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.580%$4K$1112xas long as short
BloFin LDO-USDT+0.0080%8h0.4181+0.120%$882K$257K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4180+0.090%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4184+0.187%$11.3M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4182+0.147%$165K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4181+0.119%$105K$29K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4181+0.125%$17.6M$31.4M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4176long leg$16.0M$10.0M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4179+0.072%$4.0M$6.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.4180+0.096%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4181+0.120%$6.9M$5.6M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4181+0.120%$2.6M$3.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4181+0.120%$3.2M$2.9M75xas long as short
BingX LDO-USDT+0.0100%8h0.4181+0.120%$10.2Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4180+0.105%$87K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4176−0.005%$200K$67Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4181+0.111%$293K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4180+0.096%$31K$635K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4179+0.072%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4276+2.395%$2K$1.2M20xas long as short
Extended LDO-USDshort+0.0104%1h0.4177+0.022%$251K$1.4M25x
Aevo LDO-PERP+0.0104%1h0.4180+0.108%$37K3xas long as short
Lighter LDO+0.0200%1h0.4187+0.268%$844K$273K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4181+0.120%$23K100xas long as short
Reya LDORUSDPERP+0.0347%1h0.4180+0.099%$292K15xas long as short