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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.045%
Price spread now: SunX against Deribit+2.268%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 +$3 a day on $10k at the current rate, and SunX is 2.268% dearer against Deribit than usual: you sell high and buy low: +$227 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit LDO_USDC-PERPETUAL0.42320get 0.0000% / 1h46m 20s$7K$20K25x
ShortSunX LDO-USDT0.43280.0100get 0.0100% / 8h1h 46m$2K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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
$21
Price spread: +2.268% → 0.000%
$226.84
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
$232.84
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Deribit: no order-book sample; SunX: live order book, 7 min ago. 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 Deribit no order-book sample
Sell SunX live order book, 7 min ago494.23 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
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-INTX−0.0648%1h0.4213−0.449%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4235+0.075%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUALlong0.0000%1h0.4232long leg$7K$20K25x
Backpack LDO_USDC_PERP+0.0014%1h0.4233+0.014%$89K$181K10xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.883%$4K$1112xas long as short
Lighter LDO+0.0096%1h0.4240+0.187%$854K$269K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4230−0.047%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4233+0.017%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4234+0.036%$167K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4233+0.024%$107K$28K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4231−0.031%$17.7M$31.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4227−0.118%$16.0M$10.1M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4229−0.071%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4230−0.047%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4231−0.024%$6.8M$5.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4231−0.024%$2.7M$3.4M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4228−0.095%$3.3M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4229−0.071%$10.0Mas long as short
Variational Omni LDO+0.0100%8h0.4239+0.161%$198K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4242+0.245%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4250+0.425%$32K$636K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4232−0.002%$22K$375K5xas long as short
SunX LDO-USDTshort+0.0100%8h0.4328+2.268%$2K$1.2M20x
Extended LDO-USD+0.0104%1h0.4228−0.099%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4231−0.030%$37K3xas long as short
BloFin LDO-USDT+0.0108%8h0.4239+0.165%$894K$259K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4230−0.040%$23K100xas long as short
Reya LDORUSDPERP+0.0344%1h0.4227−0.121%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0379%1h0.4234+0.039%$1.1M$656K50xas long as short