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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.5000%/8h= +547.5% APRnext payment +$6.25 per $10,000 · paid last 24h +0.298%
Price spread now: Deribit against Injective+5.134%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 +$150 a day on $10k at the current rate, and Deribit is 5.134% dearer against Injective than usual: you sell high and buy low: +$513 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.4110−0.5000get 0.0625% / 1h21m 22s$4K$1412x
ShortDeribit LDO_USDC-PERPETUAL0.43210get 0.0000% / 1h21m 22s$3K$10K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Injective. 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
$1,050
Price spread: +5.134% → 0.000%
$513.38
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$1,556.36
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Deribit: no order-book sample. 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 Injective no order-book sample
Sell Deribit no order-book sample
Injective and 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
Injective LDO/USDC PERPlong−0.5000%1h0.4110long leg$4K$1412x
Coinbase International LDO-PERP-INTX−0.1016%1h0.4319+5.085%$117K$52K50xas long as short
dYdX LDO-USD0.0000%1h0.4330+5.353%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUALshort0.0000%1h0.4321+5.134%$3K$10K25x
Kraken Futures PF_LDOUSD+0.0026%1h0.4326+5.245%$1.1M$527K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4335+5.463%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4339+5.582%$12.1M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4338+5.542%$171K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4339+5.572%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4335+5.463%$18.1M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4329+5.328%$16.4M$12.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4321+5.134%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4334+5.450%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4335+5.474%$8.3M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4336+5.499%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4320+5.109%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4334+5.450%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4339+5.567%$86K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4329+5.326%$203K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4327+5.282%$311K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4330+5.353%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4335+5.472%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4434+7.883%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4319+5.096%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4327+5.271%$38K3xas long as short
BloFin LDO-USDT+0.0121%8h0.4330+5.353%$791K$220K75xas long as short
Lighter LDO+0.0216%1h0.4346+5.735%$881K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4334+5.454%$24K100xas long as short
Reya LDORUSDPERP+0.0335%1h0.4330+5.352%$302K15xas long as short