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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.359%
Price spread now: Injective against Paradex−2.211%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 2.211% cheaper against Paradex than usual: you would sell low and buy high (−$221 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex LDO-USD-PERP0.42030.0100pay 0.0100% / 8h59m 18s$3K20x
ShortInjective LDO/USDC PERP0.41100.0033get 0.0004% / 1h59m 18s$4K$1112x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Paradex. 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
−$13.99
Price spread: −2.211% → 0.000%
−$221.09
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$239.1
Costs to cover
0.040%
Break-even
never at this rate
Slippage unknown: Paradex: no order-book sample; Injective: 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 Paradex no order-book sample
Sell Injective no order-book sample
Paradex and Injective: 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−0.0920%1h0.4186−0.403%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4206+0.078%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4205+0.049%$7K$20K25xas long as short
Injective LDO/USDC PERPshort+0.0033%1h0.4110−2.211%$4K$1112x
Paradex LDO-USD-PERPlong+0.0100%8h0.4203long leg$3K20x
Hyperliquid LDO+0.0100%1h0.4209+0.135%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4205+0.047%$165K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4205+0.053%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4205+0.044%$17.6M$30.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4200−0.070%$15.9M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4203+0.002%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4203+0.002%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4204+0.026%$6.7M$5.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4205+0.049%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4201−0.046%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4204+0.026%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4205+0.049%$89K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4204+0.020%$196K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4209+0.145%$299K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+0.168%$31K$635K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4207+0.088%$22K$376K5xas long as short
SunX LDO-USDT+0.0100%8h0.4303+2.381%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4201−0.038%$257K$1.1M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4204+0.024%$37K3xas long as short
BloFin LDO-USDT+0.0114%8h0.4204+0.026%$887K$257K75xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4207+0.099%$1.1M$706K50xas long as short
Lighter LDO+0.0304%1h0.4212+0.218%$849K$270K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4203+0.003%$23K100xas long as short
Reya LDORUSDPERP+0.0345%1h0.4202−0.019%$293K15xas long as short