Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against Aster+0.069%49s7-day average — · you sell dearer than you buy

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

Long on Aster Short on Paradex

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 days—no price history on both exchanges yet

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.069% dearer against Aster than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LDOUSDT	0.4330	0.0100	pay 0.0100% / 8h	25m 59s	$170K	$149K	10x
Short	Paradex LDO-USD-PERP	0.4333	0.0100	get 0.0100% / 8h	25m 59s	$3K	$56	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.069%Rate

Funding earned: $0
Price spread: +0.069% → 0.000%: $6.95
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 50 min ago; Paradex: 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, 50 min ago	10.37 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
Injective LDO/USDC PERP	−0.5000%	1h	0.4110	−5.086%	$4K	$14	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.1016%	1h	0.4333	+0.064%	$118K	$53K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4338	+0.185%	$84K	$17K	5x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4329	−0.029%	$3K	$10K	25x	as long as short
Kraken Futures PF_LDOUSD	+0.0026%	1h	0.4331	+0.021%	$1.1M	$526K	50x	as long as short
Paradex LDO-USD-PERPshort	+0.0100%	8h	0.4333	+0.069%	$3K	$56	20x
Hyperliquid LDO	+0.0100%	1h	0.4335	+0.103%	$12.1M	$4.0M	5x	as long as short
Aster LDOUSDTlong	+0.0100%	8h	0.4330	long leg	$170K	$149K	10x
Pacifica LDO	+0.0100%	1h	0.4336	+0.140%	$111K	$178K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4329	−0.029%	$18.0M	$37.6M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LDOUSDT	+0.0100%	8h	0.4325	−0.121%	$16.4M	$12.5M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4323	−0.167%	$4.1M	$9.1M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4329	−0.029%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4328	−0.052%	$8.4M	$7.5M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4330	−0.006%	$2.8M	$4.2M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4324	−0.144%	$3.4M	$3.6M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4327	−0.075%	—	$3.7M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4329	−0.040%	$88K	$178K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4331	+0.018%	$203K	$82K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4341	+0.248%	$308K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4340	+0.225%	$35K	$648K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4334	+0.078%	$23K	$736K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4431	+2.327%	$2K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4323	−0.156%	$260K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4331	+0.021%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0122%	8h	0.4332	+0.041%	$794K	$219K	75x	as long as short
Lighter LDO	+0.0200%	1h	0.4338	+0.184%	$880K	$268K	10x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0320% / S −0.0201%	1h	0.4330	+0.001%	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0335%	1h	0.4329	−0.040%	$302K	—	15x	as long as short