Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against MEXC+0.286%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.286% dearer against MEXC than usual: you sell high and buy low (spread +0.286% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LDO_USDT	0.4351	0.0100	pay 0.0100% / 8h	42m 14s	$8.4M	$7.5M	200x
Short	dYdX LDO-USD	0.4363	0	get 0.0000% / 1h	42m 14s	$84K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee dYdXbpOrdersPrice spread, now +0.286%Rate

Funding earned: −$21
Price spread: +0.286% → 0.000%: $28.57
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$2.43
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	1.15 bp	4.2 bp −$4	13.7 bp −$137	88.1 bp −$8,806	153.8 bp −$76.9K
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LDO/USDC PERP	−0.5000%	1h	0.4110	−5.539%	$4K	$14	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.1016%	1h	0.4360	+0.207%	$118K	$56K	50x	as long as short
dYdX LDO-USDshort	0.0000%	1h	0.4363	+0.286%	$84K	$17K	5x
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4352	+0.023%	$3K	$10K	25x	as long as short
Kraken Futures PF_LDOUSD	+0.0026%	1h	0.4355	+0.090%	$1.1M	$529K	50x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4352	+0.023%	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4357	+0.140%	$12.2M	$4.0M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4356	+0.119%	$171K	$149K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4355	+0.099%	$112K	$178K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4349	−0.037%	$18.1M	$37.7M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LDOUSDT	+0.0100%	8h	0.4347	−0.092%	$16.5M	$12.6M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4345	−0.138%	$4.1M	$9.1M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4352	+0.023%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDTlong	+0.0100%	8h	0.4351	long leg	$8.4M	$7.5M	200x
KuCoin LDOUSDTM	+0.0100%	8h	0.4354	+0.069%	$2.8M	$4.2M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4355	+0.092%	$3.4M	$3.6M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4349	−0.046%	—	$3.7M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4356	+0.126%	$88K	$179K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4361	+0.229%	$204K	$83K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4363	+0.276%	$314K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4370	+0.437%	$35K	$647K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4352	+0.023%	$23K	$736K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4451	+2.298%	$2K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4346	−0.104%	$261K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4352	+0.023%	$39K	—	3x	as long as short
BloFin LDO-USDT	+0.0112%	8h	0.4358	+0.161%	$792K	$221K	75x	as long as short
Lighter LDO	+0.0248%	1h	0.4360	+0.211%	$884K	$268K	10x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0320% / S −0.0201%	1h	0.4352	+0.031%	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0335%	1h	0.4348	−0.069%	$303K	—	15x	as long as short