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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.010%
Price spread now: Polymarket Perps against Bybit+0.243%7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$470.468% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.227%−$23 on $10k
Price spread, last 3 days (all we have)−0.122%−$12 · spread now +0.243%, 7d avg +0.081%
Together, before fees−0.350%−$35 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: Polymarket Perps is 0.162% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42850.0100pay 0.0100% / 8h1h 59m$16.3M$13.4M50x
ShortPolymarket Perps LDO-USD0.42950.0100get 0.0013% / 1h59m 55s$23K$740K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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: +0.243% → +0.081%
$16.2
Slippage, 4 orders
−$27.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$30.56
Costs to cover
0.468%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 23 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 ago1.16 bp17.9 bp −$1837.0 bp −$370doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 23 min ago2.06 bp8.7 bp −$99.1 bp −$91doesn'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−0.0688%1h0.4272−0.303%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0331%1h0.4297+0.289%$1.1M$564K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0216%1h0.4294+0.210%$3K$10K25xas long as short
dYdX LDO-USD+0.0012%1h0.4295+0.228%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−0.350%$4K$1312xas long as short
BloFin LDO-USDT+0.0082%8h0.4298+0.303%$796K$227K75xas long as short
Lighter LDO+0.0096%1h0.4304+0.436%$873K$267K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4291+0.150%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4293+0.182%$11.8M$3.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4298+0.309%$169K$152K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4293+0.178%$110K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4290+0.118%$17.9M$38.4M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4285long leg$16.3M$13.4M50x
OKX LDO-USDT-SWAP+0.0100%8h0.42850.000%$4.0M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4293+0.187%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4293+0.187%$8.5M$7.7M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4294+0.210%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4289+0.093%$3.3M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h0.4291+0.140%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4292+0.166%$85K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4292+0.171%$201K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4276−0.202%$307K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+0.350%$34K$647K50xas long as short
Polymarket Perps LDO-USDshort+0.0100%1h0.4295+0.243%$23K$740K5x
SunX LDO-USDT+0.0100%8h0.4393+2.520%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4286+0.023%$257K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4295+0.229%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4295+0.238%$23K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4290+0.125%$299K15xas long as short