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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against KuCoin+0.119%97s7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1231.230% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.146%+$15 on $10k
Price spread, last 4 days (all we have)+0.537%+$54 · spread now +0.119%, 7d avg +0.102%
Together, before fees+0.683%+$68 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LDOUSDTM0.42050.0100pay 0.0100% / 8h9m 51s$2.6M$3.3M50x
ShortApeX Omni LDOUSDT0.42100.0100get 0.0013% / 1h9m 51s$31K$632K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: +0.119% → +0.102%
$1.68
Slippage, 4 orders
−$101.02
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$121.34
Costs to cover
1.230%
Break-even
never at this rate
Slippage from KuCoin: live order book, 7 min ago; ApeX Omni: live order book, 28 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 KuCoin live order book, 7 min ago1.19 bp58.2 bp −$58870.5 bp −$8,705doesn't fitdoesn't fit
Sell ApeX Omni live order book, 28 min ago5.96 bp14.5 bp −$14106.7 bp −$1,067doesn'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−0.0920%1h0.4186−0.452%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4210+0.123%$81K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.259%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4199−0.137%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4208+0.059%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4206+0.021%$165K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4202−0.065%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.42050.000%$17.6M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4200−0.119%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4201−0.095%$4.0M$6.6M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4202−0.071%$1.4M$1.2M50xas long as short
MEXC LDO_USDT+0.0100%8h0.42050.000%$6.5M$5.5M200xas long as short
KuCoin LDOUSDTMlong+0.0100%8h0.4205long leg$2.6M$3.3M50x
Bitget LDOUSDT+0.0100%8h0.4204−0.024%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4201−0.095%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4205+0.010%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4198−0.167%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4212+0.167%$299K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4210+0.119%$31K$632K50x
Polymarket Perps LDO-USD+0.0100%1h0.4209+0.086%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4307+2.426%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4201−0.084%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4208+0.071%$37K3xas long as short
BloFin LDO-USDT+0.0125%8h0.4201−0.095%$881K$256K75xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4205+0.009%$1.1M$727K50xas long as short
Deribit LDO_USDC-PERPETUAL+0.0225%1h0.4209+0.095%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4206+0.032%$23K100xas long as short
Reya LDORUSDPERP+0.0346%1h0.4207+0.059%$293K15xas long as short
Lighter LDO+0.0376%1h0.4215+0.235%$850K$273K10xas long as short