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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%
Price spread now: Bybit against Extended+0.041%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$630.631% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.041%, 7d avg +0.018%
Together, before fees−0.076%+ Points / potential airdropExtended: Active · farm board−$8 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: Bybit is 0.024% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.42930.0104pay 0.0013% / 1h1m 39s$260K$1.3M25x
ShortBybit LDOUSDT0.42950.0100get 0.0100% / 8h6h 01m$16.1M$10.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$0.84
Price spread: +0.041% → +0.018%
$2.38
Slippage, 4 orders
−$47.14
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$61.6
Costs to cover
0.631%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Bybit: live order book, 2 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 ago5.82 bp17.8 bp −$18109.1 bp −$1,091doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago1.16 bp16.2 bp −$1638.7 bp −$387doesn't fitdoesn't fit

LDO on 28 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−0.0416%1h0.4259−0.797%$119K$43K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4300+0.158%$7K$20K25xas long as short
dYdX LDO-USD+0.0004%1h0.4290−0.075%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.268%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4296+0.055%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4302+0.195%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4299+0.143%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4299+0.135%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4298+0.106%$18.0M$32.7M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4295+0.041%$16.1M$10.6M50x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4294+0.018%$4.0M$7.4M50xas long as short
Gate LDO_USDT+0.0100%8h0.4298+0.111%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4297+0.088%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4300+0.158%$2.8M$4.0M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4295+0.041%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4298+0.111%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4299+0.142%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4288−0.127%$202K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4299+0.134%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290−0.075%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4301+0.177%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4401+2.510%$1K$1.3M20xas long as short
Extended LDO-USDlong+0.0104%1h0.4293long leg$260K$1.3M25x
Aevo LDO-PERP+0.0104%1h0.4299+0.129%$38K3xas long as short
Lighter LDO+0.0304%1h0.4305+0.286%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4300+0.169%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4297+0.096%$300K15xas long as short
Kraken Futures PF_LDOUSD+0.0559%1h0.4302+0.205%$1.2M$749K50xas long as short