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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: BingX against Polymarket Perps−0.092%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.423% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.336%+$34 on $10k
Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.092%, 7d avg −0.043%
Together, before fees+0.404%+$40 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: BingX is 0.049% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LDO-USD0.43280.0100pay 0.0013% / 1h24m 05s$23K$736K5x
ShortBingX LDO-USDT0.43240.0100get 0.0100% / 8h24m 05s$3.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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: −0.092% → −0.043%
−$4.93
Slippage, 4 orders
−$24.31
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$47.23
Costs to cover
0.423%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 54 min ago; BingX: live order book, 11 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, 54 min ago4.85 bp8.8 bp −$99.0 bp −$90doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago1.15 bp14.4 bp −$1422.3 bp −$223107.6 bp −$10.8K379.7 bp −$189.9K

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
Injective LDO/USDC PERP−0.5000%1h0.4110−5.037%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4329+0.023%$118K$52K50xas long as short
dYdX LDO-USD0.0000%1h0.4330+0.046%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4326−0.046%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4326−0.039%$1.1M$526K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4325−0.064%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4330+0.049%$12.1M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4329+0.024%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4326−0.042%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4326−0.047%$18.0M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4323−0.116%$16.4M$12.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4320−0.185%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4325−0.069%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4326−0.046%$8.4M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4327−0.023%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4326−0.046%$3.4M$3.6M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4324−0.092%$3.7M
Backpack LDO_USDC_PERP+0.0100%1h0.4325−0.067%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4331+0.069%$203K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4333+0.115%$307K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4340+0.277%$35K$648K50xas long as short
Polymarket Perps LDO-USDlong+0.0100%1h0.4328long leg$23K$736K5x
SunX LDO-USDT+0.0100%8h0.4427+2.287%$2K$1.5M20xas long as short
BloFin LDO-USDT+0.0103%8h0.4333+0.116%$792K$220K75xas long as short
Extended LDO-USD+0.0104%1h0.4321−0.165%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4326−0.037%$38K3xas long as short
Lighter LDO+0.0192%1h0.4335+0.155%$879K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4328+0.004%$24K100xas long as short
Reya LDORUSDPERP+0.0335%1h0.4324−0.094%$302K15xas long as short