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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1199%/8h= +131.3% APRnext payment +$1.50 per $10,000 · paid last 24h +0.287%
Price spread now: Deribit against Coinbase International+0.186%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Deribit is 0.186% dearer against Coinbase International than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4300−0.0752get 0.0094% / 1h30m 41s$117K$53K50x
ShortDeribit LDO_USDC-PERPETUAL0.43080.0447get 0.0056% / 1h30m 41s$3K$10K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Coinbase International. 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
$251.76
Price spread: +0.186% → 0.000%
$18.6
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$253.37
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 42 min ago; Deribit: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 42 min ago11.64 bp101.9 bp −$102doesn't fitdoesn't fitdoesn't fit
Sell Deribit no order-book sample
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-INTXlong−0.0752%1h0.4300long leg$117K$53K50x
dYdX LDO-USD0.0000%1h0.4303+0.065%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.419%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4305+0.108%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4307+0.167%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4308+0.178%$169K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4305+0.120%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4306+0.133%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4304+0.093%$16.3M$12.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4303+0.070%$4.1M$9.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4304+0.093%$1.4M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4305+0.116%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4306+0.140%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4307+0.163%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4306+0.140%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4304+0.102%$87K$148K10xas long as short
Variational Omni LDO+0.0100%8h0.4302+0.043%$201K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4301+0.023%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4310+0.233%$35K$644K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4311+0.258%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4407+2.488%$2K$1.5M20xas long as short
BloFin LDO-USDT+0.0100%8h0.4307+0.163%$791K$221K75xas long as short
Extended LDO-USD+0.0104%1h0.4301+0.031%$263K$1.6M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4306+0.145%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0197%1h0.4309+0.215%$1.1M$525K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4305+0.110%$24K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4304+0.085%$300K15xas long as short
Deribit LDO_USDC-PERPETUALshort+0.0447%1h0.4308+0.186%$3K$10K25x
Lighter LDO+0.0624%1h0.4315+0.337%$876K$267K10xas long as short