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−0.0345%/8h= −37.8% APRnext payment $0.43 per $10,000 · paid last 24h −0.098%
Price spread now: dYdX against Reya+0.211%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 airdropReya: Active · farm boardneeds both histories
The price spread pays, funding is against you. dYdX is 0.211% dearer against Reya than usual: you sell high and buy low (spread +0.211% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.41970.0345pay 0.0043% / 1h58m 29s$293K15x
ShortdYdX LDO-USD0.42060get 0.0000% / 1h58m 29s$81K$5K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$72.42
Price spread: +0.211% → 0.000%
$21.12
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$67.3
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Reya: no order-book sample; dYdX: 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 Reya no order-book sample
Sell dYdX no order-book sample
Reya and dYdX: 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%1h0.4186−0.270%$116K$39K50xas long as short
dYdX LDO-USDshort0.0000%1h0.4206+0.211%$81K$5K5x
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4205+0.183%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.081%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4198+0.007%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4204+0.166%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4202+0.106%$165K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4201+0.086%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4201+0.087%$17.6M$30.7M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4198+0.016%$15.9M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4197−0.008%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4199+0.040%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4199+0.040%$6.6M$5.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4201+0.087%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4200+0.063%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4201+0.087%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4203+0.125%$89K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4204+0.153%$196K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4209+0.278%$299K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+0.302%$31K$635K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4204+0.161%$22K$376K5xas long as short
SunX LDO-USDT+0.0100%8h0.4303+2.517%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4196−0.024%$253K$1.1M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4204+0.157%$37K3xas long as short
BloFin LDO-USDT+0.0114%8h0.4204+0.159%$887K$257K75xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4207+0.232%$1.1M$706K50xas long as short
Lighter LDO+0.0264%1h0.4209+0.266%$848K$270K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4203+0.136%$23K100xas long as short
Reya LDORUSDPERPlong+0.0345%1h0.4197long leg$293K15x