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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%
Price spread now: MEXC against Hyperliquid−0.108%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.306% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.108%, 7d avg −0.066%
Together, before fees−0.072%+ Points / potential airdropHyperliquid: Season 2 · farm board−$7 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: MEXC is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.066%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.43410.0100pay 0.0013% / 1h9m 33s$12.1M$3.6M5x
ShortMEXC LDO_USDT0.43360.0100get 0.0100% / 8h2h 09m$8.6M$7.6M200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: −0.108% → −0.066%
−$4.27
Slippage, 4 orders
−$21.6
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee MEXC: 0 bp × 2 orders
$0
Net
−$34.88
Costs to cover
0.306%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; MEXC: live order book, 8 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, 3 min ago0.81 bp10.5 bp −$11doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 8 min ago1.15 bp3.7 bp −$410.7 bp −$10791.9 bp −$9,192156.4 bp −$78.2K

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−0.0688%1h0.4290−1.168%$116K$54K50xas long as short
Kraken Futures PF_LDOUSD−0.0328%1h0.4338−0.072%$1.1M$556K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0211%1h0.4334−0.154%$3K$10K25xas long as short
dYdX LDO-USD+0.0015%1h0.4340−0.020%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4270−1.629%$4K$1112xas long as short
BloFin LDO-USDT+0.0080%8h0.4335−0.131%$797K$229K75xas long as short
Lighter LDO+0.0096%1h0.4351+0.233%$882K$266K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4335−0.139%$3K$5620xas long as short
Hyperliquid LDOlong+0.0100%1h0.4341long leg$12.1M$3.6M5x
Aster LDOUSDT+0.0100%8h0.4337−0.090%$171K$144K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4336−0.104%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4337−0.085%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4334−0.154%$16.8M$12.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4333−0.177%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4334−0.154%$1.4M$1.1M50xas long as short
MEXC LDO_USDTshort+0.0100%8h0.4336−0.108%$8.6M$7.6M200x
KuCoin LDOUSDTM+0.0100%8h0.4335−0.131%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4333−0.177%$3.4M$3.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4335−0.131%$3.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4335−0.136%$86K$186K10xas long as short
Variational Omni LDO+0.0100%8h0.4331−0.214%$202K$88Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4331−0.215%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4330−0.247%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4338−0.065%$22K$739K5xas long as short
SunX LDO-USDT+0.0100%8h0.4434+2.149%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4333−0.180%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4334−0.154%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4335−0.143%$24K100xas long as short
Reya LDORUSDPERP+0.0333%1h0.4334−0.166%$302K15xas long as short