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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.012%
Price spread now: GMX against ApeX Omni−0.192%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.192% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.3 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni LDOUSDT0.43300.0100pay 0.0013% / 1h19m 21s$35K$647K50x
ShortGMX LDO/USD [ETH-USDC]0.4322L +0.0319% / S −0.0201%get 0.0025% / 1h19m 21s$24K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$21.26
Price spread: −0.192% → 0.000%
−$19.19
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$19.93
Costs to cover
0.220%
Break-even
13.6 days
Slippage unknown: ApeX Omni: live order book, 59 min ago; GMX: 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 ApeX Omni live order book, 59 min ago6.92 bp16.0 bp −$16110.6 bp −$1,106doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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
Injective LDO/USDC PERP−0.5000%1h0.4110−5.081%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4322−0.185%$117K$52K50xas long as short
dYdX LDO-USD0.0000%1h0.4320−0.226%$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4320−0.231%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4322−0.184%$1.1M$527K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4317−0.293%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4327−0.072%$12.1M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4326−0.084%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4320−0.225%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4323−0.169%$18.0M$37.7M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4318−0.277%$16.4M$12.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4317−0.300%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4318−0.277%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4321−0.208%$8.2M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4322−0.185%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4316−0.323%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4319−0.254%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4317−0.309%$86K$178K10xas long as short
Variational Omni LDO+0.0100%8h0.4329−0.025%$203K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4327−0.067%$311K$3.4M10xas long as short
ApeX Omni LDOUSDTlong+0.0100%1h0.4330long leg$35K$647K50x
Polymarket Perps LDO-USD+0.0100%1h0.4324−0.134%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4421+2.102%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4316−0.319%$260K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4320−0.234%$38K3xas long as short
BloFin LDO-USDT+0.0121%8h0.43300.000%$791K$220K75xas long as short
Lighter LDO+0.0224%1h0.4328−0.039%$878K$268K10xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0319% / S −0.0201%1h0.4322−0.192%$24K100x
Reya LDORUSDPERP+0.0335%1h0.4319−0.244%$301K15xas long as short