Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against OKX+0.170%7-day average — · you sell dearer than you buy

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

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 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 0.170% dearer against OKX than usual: you sell high and buy low (spread +0.170% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LDO-USDT-SWAP	0.4251	0.0100	pay 0.0100% / 8h	4h 39m	$4.0M	$6.8M	50x
Short	dYdX LDO-USD	0.4258	0	get 0.0000% / 1h	39m 22s	$82K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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 OKXbpFee dYdXbpOrdersPrice spread, now +0.170%Rate

Funding earned: −$21
Price spread: +0.170% → 0.000%: $17.02
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.98
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	1.17 bp	17.7 bp −$18	58.6 bp −$586	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.0416%	1h	0.4254	+0.071%	$118K	$41K	50x	as long as short
dYdX LDO-USDshort	0.0000%	1h	0.4258	+0.170%	$82K	$5K	5x
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4266	+0.353%	$7K	$20K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−3.317%	$4K	$13	12x	as long as short
BloFin LDO-USDT	+0.0070%	8h	0.4267	+0.376%	$914K	$252K	75x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4254	+0.077%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4258	+0.174%	$11.6M	$3.2M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4261	+0.236%	$168K	$120K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4262	+0.259%	$109K	$46K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4258	+0.172%	$17.9M	$31.1M	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	0.4253	+0.047%	$16.0M	$10.0M	50x	as long as short
OKX LDO-USDT-SWAPlong	+0.0100%	8h	0.4251	long leg	$4.0M	$6.8M	50x
Gate LDO_USDT	+0.0100%	8h	0.4258	+0.165%	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4256	+0.118%	$7.6M	$6.5M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4258	+0.165%	$2.7M	$3.8M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4257	+0.141%	$3.3M	$3.2M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4256	+0.118%	—	$10.0M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4263	+0.280%	$91K	$179K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4263	+0.275%	$200K	$60K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4266	+0.342%	$305K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4270	+0.447%	$33K	$639K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4258	+0.174%	$22K	$516K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4374	+2.893%	$1K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4252	+0.016%	$255K	$1.3M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4265	+0.339%	$38K	—	3x	as long as short
Lighter LDO	+0.0136%	1h	0.4271	+0.473%	$868K	$265K	10x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0319% / S −0.0201%	1h	0.4256	+0.111%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0340%	1h	0.4256	+0.108%	$297K	—	15x	as long as short
Kraken Futures PF_LDOUSD	+0.0494%	1h	0.4268	+0.398%	$1.1M	$684K	50x	as long as short