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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0295%/8h= +32.4% APRpaid last 24h −0.003%
Price spread now: Kraken Futures against Paradex+0.162%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.162% dearer against Paradex than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex LDO-USD-PERP0.42500.0100pay 0.0100% / 8h3h 16m$3K20x
ShortKraken Futures PF_LDOUSD0.42570.0395get 0.0049% / 1h16m 29s$1.1M$657K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$62.04
Price spread: +0.162% → 0.000%
$16.18
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$64.22
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 Kraken Futures live order book, 2 min ago9.41 bp23.0 bp −$2393.2 bp −$932doesn't fitdoesn't fit
Paradex: 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−0.0352%1h0.4227−0.536%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4250+0.005%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4252+0.052%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.290%$4K$1312xas long as short
Paradex LDO-USD-PERPlong+0.0100%8h0.4250long leg$3K20x
Hyperliquid LDO+0.0100%1h0.4254+0.089%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4252+0.052%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4252+0.052%$109K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4252+0.052%$17.9M$30.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4249−0.019%$16.1M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4250+0.005%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4251+0.028%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4250+0.005%$7.5M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4252+0.052%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4251+0.028%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4253+0.075%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4250+0.017%$91K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4244−0.142%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4244−0.135%$304K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4250+0.005%$32K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4253+0.075%$21K$246K5xas long as short
SunX LDO-USDT+0.0100%8h0.4350+2.358%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4250+0.006%$255K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4251+0.028%$38K3xas long as short
BloFin LDO-USDT+0.0105%8h0.4254+0.099%$912K$256K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4250−0.001%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4249−0.028%$296K15xas long as short
Kraken Futures PF_LDOUSDshort+0.0395%1h0.4257+0.162%$1.1M$657K50x
Lighter LDO+0.0464%1h0.4260+0.231%$855K$268K10xas long as short