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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.002%
Price spread now: BloFin against ApeX Omni+0.023%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$540.539% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.030%−$3 on $10k
Price spread, last 3 days (all we have)−0.119%−$12 · spread now +0.023%, 7d avg −0.079%
Together, before fees−0.149%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.102% dearer against ApeX Omni than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.079%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43100.0100pay 0.0013% / 1h26m 48s$35K$644K50x
ShortBloFin LDO-USDT0.43110.0129get 0.0129% / 8h7h 26m$791K$222K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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
$6.06
Price spread: +0.023% → −0.079%
$10.17
Slippage, 4 orders
−$31.89
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$37.66
Costs to cover
0.539%
Break-even
50.5 days
Slippage from ApeX Omni: live order book, 46 min ago; BloFin: live order book, 45 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 ApeX Omni live order book, 46 min ago6.99 bp15.0 bp −$15105.0 bp −$1,050doesn't fitdoesn't fit
Sell BloFin live order book, 45 min ago1.17 bp9.5 bp −$916.3 bp −$16356.2 bp −$5,621doesn'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%1h0.4312+0.046%$118K$53K50xas long as short
dYdX LDO-USD0.0000%1h0.43100.000%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.640%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4307−0.071%$3K$820xas long as short
Hyperliquid LDO+0.0100%1h0.4308−0.037%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4311+0.034%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4310+0.001%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4310−0.007%$18.1M$38.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.43100.000%$16.3M$12.2M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4312+0.046%$4.1M$9.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4308−0.046%$1.4M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4309−0.023%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.43100.000%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4307−0.070%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4307−0.070%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4308−0.058%$87K$148K10xas long as short
Variational Omni LDO+0.0100%8h0.4302−0.189%$201K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4305−0.121%$306K$3.5M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4310long leg$35K$644K50x
Polymarket Perps LDO-USD+0.0100%1h0.4313+0.058%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4408+2.274%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4304−0.132%$263K$1.6M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4309−0.035%$38K3xas long as short
BloFin LDO-USDTshort+0.0129%8h0.4311+0.023%$791K$222K75x
Kraken Futures PF_LDOUSD+0.0197%1h0.4311+0.017%$1.1M$526K50xas long as short
Deribit LDO_USDC-PERPETUAL+0.0214%1h0.4308−0.046%$3K$10K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4306−0.090%$24K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4305−0.107%$300K15xas long as short
Lighter LDO+0.0664%1h0.4319+0.216%$877K$267K10xas long as short