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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Bybit against ApeX Omni+0.141%89s7-day average −0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$580.584% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 4 days (all we have)−0.502%−$50 · spread now +0.141%, 7d avg −0.182%
Together, before fees−0.573%−$57 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: Bybit is 0.322% dearer against ApeX Omni than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of −0.182%. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.42700.0100pay 0.0013% / 1h24m 06s$33K$639K50x
ShortBybit LDOUSDT0.42760.0100get 0.0100% / 8h4h 24m$16.1M$10.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: +0.141% → −0.182%
$32.2
Slippage, 4 orders
−$37.43
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$26.23
Costs to cover
0.584%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 34 min ago; Bybit: live order book, 4 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, 34 min ago7.03 bp15.0 bp −$15101.4 bp −$1,014doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago1.17 bp15.4 bp −$1536.5 bp −$365doesn'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−0.0416%1h0.42700.000%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4276+0.145%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4276+0.141%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.747%$4K$1312xas long as short
BloFin LDO-USDT+0.0093%8h0.4278+0.187%$903K$253K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4273+0.074%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4282+0.283%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4278+0.195%$168K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4276+0.139%$110K$46K10xas long as short
Binance LDOUSDT+0.0100%8h0.4280+0.239%$18.0M$31.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDTshort+0.0100%8h0.4276+0.141%$16.1M$10.0M50x
OKX LDO-USDT-SWAP+0.0100%8h0.4276+0.141%$4.0M$6.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4278+0.187%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4277+0.164%$7.7M$6.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4278+0.187%$2.7M$3.7M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4276+0.141%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4278+0.187%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4279+0.211%$91K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4269−0.030%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4274+0.091%$301K$3.4M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4270long leg$33K$639K50x
Polymarket Perps LDO-USD+0.0100%1h0.4278+0.178%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4378+2.529%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4273+0.079%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4277+0.159%$38K3xas long as short
Lighter LDO+0.0232%1h0.4287+0.405%$871K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4274+0.097%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4273+0.072%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0493%1h0.4282+0.272%$1.2M$681K50xas long as short