data as of
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Price arb /

LDO

all LDO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$90
spread now+0.031%7d average+0.061%fees + slippage, in and out−$87spread needed0.866%
Long on BackpackShort on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack LDO_USDC_PERP0.4315−0.0240get 0.0030% / 1h16m 14s$86K$196K10x
ShortKraken Futures PF_LDOUSD0.4317−0.0463pay 0.0058% / 1h16m 14s$1.1M$531K50x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$3.11
Funding while held
−$6.67
Slippage, 4 orders
−$66.63
Fee Backpack: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$90.2
Spread needed to break even
0.866%
Slippage from Backpack: live order book, 18 min ago; Kraken Futures: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0222%
Per $10,000 a day
−$6.67
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 18 min ago1.97 bp16.1 bp −$16doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 4 min ago16.20 bp29.3 bp −$29120.7 bp −$1,207doesn't fitdoesn't fit

LDO price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.4270cheapestVariational Omni0.4299+0.671%Extended0.4313+1.003%OKX0.4313+1.007%Bitget0.4313+1.007%Coinbase International0.4313+1.007%Bybit0.4314+1.030%Reya0.4314+1.041%
Backpack0.4315+1.066%
Paradex0.4316+1.070%KuCoin0.4316+1.077%
Kraken Futures0.4317+1.097%
Gate0.4317+1.101%MEXC0.4317+1.101%BingX0.4317+1.101%Deribit0.4317+1.101%BloFin0.4317+1.101%Binance0.4317+1.108%GMX0.4317+1.111%Aevo0.4318+1.112%Pacifica0.4318+1.130%Aster0.4319+1.148%Polymarket Perps0.4319+1.148%dYdX0.4319+1.151%Hyperliquid0.4320+1.164%ApeX Omni0.4320+1.171%Lighter0.4327+1.328%SunX0.4417+3.443%

LDO on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LDO/USDC PERP−1.054%−0.5000%1h$4K$57K12xas long as short
Variational Omni LDO−0.390%+0.0100%8h$201K$155K—as long as short
Extended LDO-USD−0.062%+0.0104%1h$258K$1.0M25xas long as short
OKX LDO-USDT-SWAP−0.058%+0.0100%8h$4.0M$9.4M50xas long as short
Bitget LDOUSDT−0.058%+0.0100%8h$3.3M$3.7M75xas long as short
Coinbase International LDO-PERP-INTX−0.058%−0.1392%1h$114K$50K50xas long as short
Bybit LDOUSDT−0.035%+0.0100%8h$16.7M$13.2M50xas long as short
Reya LDORUSDPERP−0.024%+0.0329%1h$301K—15xas long as short
Backpack LDO_USDC_PERPlong0.000%−0.0240%1h$86K$196K10x
Paradex LDO-USD-PERP+0.004%+0.0100%8h$3K$5620xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin LDOUSDTM+0.012%+0.0100%8h$2.7M$4.3M50xas long as short
Kraken Futures PF_LDOUSDshort+0.031%−0.0463%1h$1.1M$531K50x
Gate LDO_USDT+0.035%+0.0090%8h$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.035%+0.0100%8h$9.2M$7.9M200xas long as short
BingX LDO-USDT+0.035%+0.0100%8h—$5.0M—as long as short
Deribit LDO_USDC-PERPETUAL+0.035%0.0000%1h$3K$10K25xas long as short
BloFin LDO-USDT+0.035%+0.0076%8h$835K$215K75xas long as short
Binance LDOUSDT+0.042%+0.0100%8h$18.0M$38.7M75xas long as short
GMX LDO/USD [ETH-USDC]+0.045%L +0.0313% / S −0.0193%1h$24K—100xas long as short
Aevo LDO-PERP+0.046%+0.0104%1h$38K—3xas long as short
Pacifica LDO+0.063%+0.0100%1h$111K$188K10xas long as short
Aster LDOUSDT+0.081%+0.0100%8h$168K$144K10xas long as short
Polymarket Perps LDO-USD+0.081%+0.0100%1h$23K$792K5xas long as short
dYdX LDO-USD+0.084%0.0000%1h$83K$17K5xas long as short
Hyperliquid LDO+0.097%+0.0100%1h$12.0M$3.4M5xas long as short
ApeX Omni LDOUSDT+0.104%+0.0100%1h$32K$647K50xas long as short
Lighter LDO+0.260%+0.0104%1h$880K$265K10xas long as short
SunX LDO-USDT+2.352%+0.0100%8h$1K$1.5M20xas long as short