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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%
Price spread now: dYdX against KuCoin−0.351%7-day average · you buy dearer than you sell
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 7 days−0.043%−$4 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.351% cheaper against KuCoin than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LDOUSDTM0.42070.0100pay 0.0100% / 8h2h 24m$2.7M$3.5M50x
ShortdYdX LDO-USD0.41920get 0.0000% / 1h24m 08s$81K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: −0.351% → 0.000%
−$35.07
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$78.07
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 3 min ago; dYdX: 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 KuCoin live order book, 3 min ago3.59 bp59.9 bp −$60917.3 bp −$9,173doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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
Coinbase International LDO-PERP-INTX−0.0464%1h0.4203−0.095%$117K$41K50xas long as short
dYdX LDO-USDshort0.0000%1h0.4192−0.351%$81K$5K5x
Injective LDO/USDC PERP+0.0033%1h0.4110−2.306%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4198−0.221%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4209+0.048%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4208+0.015%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4196−0.251%$107K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4208+0.024%$17.6M$31.2M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4206−0.024%$16.0M$10.2M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4205−0.048%$4.0M$6.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4206−0.024%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4208+0.024%$7.1M$5.9M200xas long as short
KuCoin LDOUSDTMlong+0.0100%8h0.4207long leg$2.7M$3.5M50x
Bitget LDOUSDT+0.0100%8h0.4205−0.048%$3.2M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4206−0.024%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4208+0.021%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4183−0.575%$196K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4197−0.234%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4180−0.642%$32K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4207−0.007%$22K$385K5xas long as short
SunX LDO-USDT+0.0100%8h0.4306+2.353%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4205−0.052%$251K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4207+0.007%$37K3xas long as short
BloFin LDO-USDT+0.0119%8h0.4195−0.285%$891K$256K75xas long as short
Lighter LDO+0.0240%1h0.4216+0.223%$850K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4206−0.021%$23K100xas long as short
Reya LDORUSDPERP+0.0343%1h0.4204−0.075%$293K15xas long as short
Deribit LDO_USDC-PERPETUAL+0.0463%1h0.4210+0.071%$7K$20K25xas long as short
Kraken Futures PF_LDOUSD+0.0600%1h0.4211+0.103%$1.1M$657K50xas long as short