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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.30 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against BingX+0.024%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$540.543% 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)−0.030%−$3 · spread now +0.024%, 7d avg +0.038%
Together, before fees−0.100%−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX LDO-USDT0.42090.0100pay 0.0100% / 8h2h 33m$10.0M
ShortBloFin LDO-USDT0.42100.0130get 0.0130% / 8h2h 33m$897K$256K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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
$6.25
Price spread: +0.024% → +0.038%
−$1.44
Slippage, 4 orders
−$32.32
Fee BingX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$49.51
Costs to cover
0.543%
Break-even
62.4 days
Slippage from BingX: live order book, 5 min ago; BloFin: live order book, 49 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 BingX live order book, 5 min ago3.56 bp12.6 bp −$1324.5 bp −$245189.0 bp −$18.9K415.3 bp −$207.6K
Sell BloFin live order book, 49 min ago3.54 bp12.6 bp −$1324.5 bp −$24571.4 bp −$7,140doesn'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−0.0464%1h0.4196−0.309%$117K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.4211+0.055%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4206−0.071%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.352%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4199−0.226%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4208−0.021%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4209+0.012%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4205−0.098%$107K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4207−0.048%$17.7M$30.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4204−0.119%$15.9M$10.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4207−0.048%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4207−0.048%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4206−0.071%$7.2M$5.8M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4208−0.024%$2.7M$3.5M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4203−0.143%$3.2M$3.1M75xas long as short
BingX LDO-USDTlong+0.0100%8h0.4209long leg$10.0M
Backpack LDO_USDC_PERP+0.0100%1h0.4207−0.038%$89K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4215+0.139%$198K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4217+0.190%$304K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4220+0.261%$32K$639K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4206−0.078%$26K$368K5xas long as short
SunX LDO-USDT+0.0100%8h0.4304+2.257%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4202−0.175%$253K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4205−0.101%$37K3xas long as short
BloFin LDO-USDTshort+0.0130%8h0.4210+0.024%$897K$256K75x
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4204−0.113%$23K100xas long as short
Lighter LDO+0.0328%1h0.4213+0.102%$849K$265K10xas long as short
Reya LDORUSDPERP+0.0343%1h0.4203−0.151%$293K15xas long as short
Kraken Futures PF_LDOUSD+0.0601%1h0.4208−0.026%$1.1M$655K50xas long as short