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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: ApeX Omni against Polymarket Perps+0.772%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs+$19as in the Price arb table
costs, in and out, $10k−$490.491% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.296%+$30 on $10k
Price spread, last 3 days (all we have)−0.594%−$59 · spread now +0.772%, 7d avg +0.092%
Together, before fees−0.298%−$30 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.680% dearer against Polymarket Perps than usual: you sell high and buy low, +$68 on $10k if it goes back to its 7-day average of +0.092%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LDO-USD0.43270.0100pay 0.0013% / 1h4m 48s$23K$720K5x
ShortApeX Omni LDOUSDT0.43600.0100get 0.0013% / 1h4m 48s$35K$644K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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
$0
Price spread: +0.772% → +0.092%
$68.01
Slippage, 4 orders
−$31.12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$18.89
Costs to cover
0.491%
Break-even
from the start
Slippage from Polymarket Perps: live order book, 3 min ago; ApeX Omni: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 3 min ago3.57 bp7.6 bp −$87.7 bp −$77doesn't fitdoesn't fit
Sell ApeX Omni live order book, 3 min ago6.90 bp15.7 bp −$1695.5 bp −$955doesn't fitdoesn't fit

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−0.0752%1h0.4343+0.379%$119K$47K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4326−0.014%$8K$20K25xas long as short
dYdX LDO-USD+0.0026%1h0.4328+0.037%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−5.006%$4K$1412xas long as short
BloFin LDO-USDT+0.0076%8h0.4329+0.055%$920K$211K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4326−0.014%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4334+0.178%$12.0M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4330+0.072%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4330+0.071%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4334+0.163%$18.2M$36.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4328+0.032%$16.4M$11.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4329+0.055%$4.1M$8.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4330+0.079%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4331+0.102%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4328+0.032%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4326−0.014%$3.3M$3.5M75xas long as short
BingX LDO-USDT+0.0100%8h0.4330+0.079%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4327+0.005%$89K$151K10xas long as short
Variational Omni LDO+0.0100%8h0.4322−0.113%$203K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4349+0.525%$306K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4360+0.772%$35K$644K50x
Polymarket Perps LDO-USDlong+0.0100%1h0.4327long leg$23K$720K5x
SunX LDO-USDT+0.0100%8h0.4424+2.251%$2K$1.4M20xas long as short
Extended LDO-USD+0.0104%1h0.4325−0.037%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4326−0.014%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0196%1h0.4329+0.061%$1.1M$516K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4325−0.031%$24K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4321−0.136%$301K15xas long as short
Lighter LDO+0.0560%1h0.4342+0.351%$881K$267K10xas long as short