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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0247%/8h= −27.1% APRnext payment $0.31 per $10,000 · paid last 24h −0.071%
Price spread now: ApeX Omni against Reya+0.079%7-day average +0.168% · 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)−0.205%−$20 on $10k
Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.079%, 7d avg +0.168%
Together, before fees−0.012%+ Points / potential airdropReya: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.090% cheaper against Reya than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.168%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42270.0347pay 0.0043% / 1h16m 39s$295K15x
ShortApeX Omni LDOUSDT0.42300.0100get 0.0013% / 1h16m 39s$31K$636K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Reya. 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
−$51.89
Price spread: +0.079% → +0.168%
−$8.96
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$76.85
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; ApeX Omni: live order book, 16 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 Reya no order-book sample
Sell ApeX Omni live order book, 16 min ago8.36 bp21.7 bp −$22131.8 bp −$1,318doesn't fitdoesn't fit
Reya: 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−0.0952%1h0.4218−0.205%$115K$41K50xas long as short
Kraken Futures PF_LDOUSD−0.0367%1h0.4231+0.111%$1.1M$740K50xas long as short
dYdX LDO-USD0.0000%1h0.4227+0.013%$81K$2K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.760%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4228+0.033%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4234+0.185%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4233+0.150%$167K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4232+0.126%$107K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4232+0.123%$18.0M$31.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4229+0.055%$16.2M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4232+0.126%$4.0M$6.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.4231+0.103%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4233+0.150%$7.0M$5.7M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4232+0.126%$2.6M$3.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4232+0.126%$3.2M$2.7M75xas long as short
BingX LDO-USDT+0.0100%8h0.4233+0.150%$10.2Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4230+0.086%$87K$171K10xas long as short
Variational Omni LDO+0.0100%8h0.4220−0.160%$202K$67Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4226−0.013%$298K$3.6M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4230+0.079%$31K$636K50x
Polymarket Perps LDO-USD+0.0100%1h0.4229+0.055%$25K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4330+2.445%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4231+0.101%$254K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4230+0.088%$37K3xas long as short
BloFin LDO-USDT+0.0119%8h0.4228+0.032%$891K$261K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0223%1h0.4233+0.150%$7K$20K25xas long as short
Lighter LDO+0.0232%1h0.4240+0.306%$855K$273K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4229+0.063%$23K100xas long as short
Reya LDORUSDPERPlong+0.0347%1h0.4227long leg$295K15x