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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.002%
Price spread now: BloFin against Extended+0.028%114s7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.591% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 4 days (all we have)+0.071%+$7 · spread now +0.028%, 7d avg +0.104%
Together, before fees+0.098%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.077% cheaper against Extended than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.104%). If the spread goes back, that is −$8 on $10k: about 21 days of funding at the current rate ($0 a day). The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.42440.0104pay 0.0013% / 1h21m 20s$254K$999K25x
ShortBloFin LDO-USDT0.42450.0116get 0.0116% / 8h3h 21m$906K$251K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$2.5
Price spread: +0.028% → +0.104%
−$7.65
Slippage, 4 orders
−$42.06
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$64.22
Costs to cover
0.591%
Break-even
187.1 days
Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 1 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 Extended live order book, 2 min ago3.54 bp15.9 bp −$16101.2 bp −$1,012doesn't fitdoesn't fit
Sell BloFin live order book, 1 min ago3.54 bp12.6 bp −$1324.5 bp −$24571.4 bp −$7,140doesn'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%1h0.4229−0.350%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4240−0.085%$82K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.154%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4243−0.026%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4249+0.126%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4245+0.029%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4244+0.014%$109K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4247+0.075%$17.9M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4245+0.028%$16.0M$9.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4245+0.028%$4.0M$6.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4241−0.067%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4246+0.051%$7.6M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4245+0.028%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4245+0.028%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4245+0.028%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4234−0.234%$89K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4256+0.280%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4254+0.239%$304K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4250+0.145%$32K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4249+0.122%$21K$246K5xas long as short
SunX LDO-USDT+0.0100%8h0.4345+2.384%$1K$1.2M20xas long as short
Extended LDO-USDlong+0.0104%1h0.4244long leg$254K$999K25x
Aevo LDO-PERP+0.0104%1h0.4247+0.081%$38K3xas long as short
BloFin LDO-USDTshort+0.0116%8h0.4245+0.028%$906K$251K75x
Deribit LDO_USDC-PERPETUAL+0.0221%1h0.4248+0.098%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4246+0.053%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4245+0.023%$296K15xas long as short
Kraken Futures PF_LDOUSD+0.0396%1h0.4249+0.110%$1.1M$657K50xas long as short
Lighter LDO+0.0456%1h0.4250+0.148%$853K$267K10xas long as short