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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: ApeX Omni against Hyperliquid−0.267%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$470.466% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.040%−$4 on $10k
Price spread, last 4 days (all we have)+0.503%+$50 · spread now −0.267%, 7d avg +0.029%
Together, before fees+0.463%+ Points / potential airdropHyperliquid: Season 2 · farm board+$46 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: ApeX Omni is 0.296% cheaper against Hyperliquid than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.42710.0100pay 0.0013% / 1h40m 55s$11.6M$3.2M5x
ShortApeX Omni LDOUSDT0.42600.0100get 0.0013% / 1h40m 55s$32K$640K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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: −0.267% → +0.029%
−$29.62
Slippage, 4 orders
−$27.64
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$76.26
Costs to cover
0.466%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; ApeX Omni: live order book, 17 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 Hyperliquid live order book, 12 min ago0.47 bp8.9 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 17 min ago7.03 bp14.5 bp −$1591.5 bp −$915doesn'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−0.0416%1h0.4254−0.407%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4267−0.099%$82K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.779%$4K$1312xas long as short
BloFin LDO-USDT+0.0070%8h0.4267−0.103%$914K$252K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4265−0.149%$3K20xas long as short
Hyperliquid LDOlong+0.0100%1h0.4271long leg$11.6M$3.2M5x
Aster LDOUSDT+0.0100%8h0.4270−0.035%$168K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4269−0.064%$110K$53K10xas long as short
Binance LDOUSDT+0.0100%8h0.4272+0.008%$17.9M$31.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4271−0.009%$16.1M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4272+0.014%$4.0M$6.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4267−0.103%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4267−0.103%$7.6M$6.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4267−0.103%$2.7M$3.8M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4272+0.014%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4267−0.103%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4267−0.094%$91K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4263−0.203%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4256−0.361%$303K$3.3M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4260−0.267%$32K$640K50x
Polymarket Perps LDO-USD+0.0100%1h0.4270−0.040%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4370+2.308%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4270−0.035%$255K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4267−0.096%$38K3xas long as short
Lighter LDO+0.0136%1h0.4275+0.082%$869K$265K10xas long as short
Deribit LDO_USDC-PERPETUAL+0.0219%1h0.4269−0.056%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4267−0.108%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4263−0.189%$297K15xas long as short
Kraken Futures PF_LDOUSD+0.0494%1h0.4271−0.010%$1.1M$683K50xas long as short