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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%
Price spread now: Pacifica against Bybit+0.113%48s7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.594% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.109%+$11 on $10k
Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.113%, 7d avg +0.091%
Together, before fees+0.180%+ Points / potential airdropPacifica: Active · farm board+$18 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: Pacifica is 0.022% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.091%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42630.0100pay 0.0100% / 8h3h 28m$16.1M$9.9M50x
ShortPacifica LDO0.42680.0100get 0.0013% / 1h28m 46s$110K$26K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
Price spread: +0.113% → +0.091%
$2.24
Slippage, 4 orders
−$40.36
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$57.12
Costs to cover
0.594%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Pacifica: live order book, 24 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, 5 min ago1.17 bp11.3 bp −$1131.9 bp −$319doesn't fitdoesn't fit
Sell Pacifica live order book, 24 min ago8.16 bp16.4 bp −$16doesn'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-INTX−0.0352%1h0.4253−0.235%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4265+0.052%$82K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.589%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4260−0.072%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4267+0.091%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4267+0.096%$168K$100K10xas long as short
Pacifica LDOshort+0.0100%1h0.4268+0.113%$110K$26K10x
Binance LDOUSDT+0.0100%8h0.4265+0.051%$17.9M$30.6M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4263long leg$16.1M$9.9M50x
OKX LDO-USDT-SWAP+0.0100%8h0.42630.000%$4.0M$6.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4267+0.094%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4264+0.023%$7.7M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4267+0.094%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4261−0.047%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4266+0.070%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4265+0.045%$91K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4274+0.252%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4275+0.287%$306K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4270+0.164%$33K$643K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4267+0.096%$21K$246K5xas long as short
SunX LDO-USDT+0.0100%8h0.4363+2.346%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4261−0.058%$255K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4265+0.038%$38K3xas long as short
BloFin LDO-USDT+0.0115%8h0.4265+0.047%$911K$252K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0219%1h0.4265+0.047%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4264+0.025%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4262−0.023%$297K15xas long as short
Kraken Futures PF_LDOUSD+0.0394%1h0.4268+0.106%$1.1M$653K50xas long as short
Lighter LDO+0.0464%1h0.4275+0.274%$875K$249K10xas long as short