Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.020%

Price spread now: GMX against Aster−0.113%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.113% cheaper against Aster than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LDOUSDT	0.4289	0.0100	pay 0.0100% / 8h	3h 50m	$169K	$120K	10x
Short	GMX LDO/USD [ETH-USDC]	0.4284	L +0.0320% / S −0.0201%	get 0.0025% / 1h	50m 03s	$23K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $21.26
Price spread: −0.113% → 0.000%: −$11.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$10.06
Costs to cover: 0.200%
Break-even: 10.3 days

Slippage unknown: Aster: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 1 min ago	9.31 bp	51.7 bp −$52	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.0352%	1h	0.4268	−0.486%	$119K	$41K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4286	−0.063%	$83K	$5K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4285	−0.089%	$7K	$20K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−4.170%	$4K	$13	12x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4285	−0.094%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4288	−0.010%	$11.7M	$3.1M	5x	as long as short
Aster LDOUSDTlong	+0.0100%	8h	0.4289	long leg	$169K	$120K	10x
Pacifica LDO	+0.0100%	1h	0.4289	−0.001%	$110K	$26K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4284	−0.105%	$18.0M	$30.6M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4281	−0.183%	$16.1M	$9.9M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4281	−0.183%	$4.0M	$6.8M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4286	−0.066%	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4283	−0.136%	$7.7M	$6.3M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4285	−0.089%	$2.8M	$3.6M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4283	−0.136%	$3.3M	$3.1M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4287	−0.043%	—	$10.0M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4285	−0.099%	$91K	$176K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4292	+0.068%	$202K	$60K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4296	+0.157%	$302K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4290	+0.027%	$33K	$641K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4287	−0.036%	$21K	$509K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4384	+2.219%	$2K	$1.2M	20x	as long as short
BloFin LDO-USDT	+0.0103%	8h	0.4291	+0.050%	$911K	$254K	75x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4279	−0.228%	$260K	$1.3M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4284	−0.101%	$38K	—	3x	as long as short
Lighter LDO	+0.0312%	1h	0.4295	+0.134%	$876K	$246K	10x	as long as short
GMX LDO/USD [ETH-USDC]short	L +0.0320% / S −0.0201%	1h	0.4284	−0.113%	$23K	—	100x
Reya LDORUSDPERP	+0.0341%	1h	0.4283	−0.139%	$299K	—	15x	as long as short
Kraken Futures PF_LDOUSD	+0.0393%	1h	0.4288	−0.010%	$1.2M	$661K	50x	as long as short