Funding arb · Price arb /

LDO

all LDO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against BingX+0.335%7-day average — · you sell dearer than you buy

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

Long on BingX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.335% dearer against BingX than usual: you sell high and buy low (spread +0.335% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LDO-USDT	0.4272	0.0100	pay 0.0100% / 8h	6h 43m	—	$10.0M	—
Short	dYdX LDO-USD	0.4286	0	get 0.0000% / 1h	43m 02s	$83K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee BingXbpFee dYdXbpOrdersPrice spread, now +0.335%Rate

Funding earned: −$21
Price spread: +0.335% → 0.000%: $33.51
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$7.49
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: BingX: live order book, 10 min ago; dYdX: 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 BingX live order book, 10 min ago	2.33 bp	12.0 bp −$12	22.6 bp −$226	200.6 bp −$20.1K	390.1 bp −$195.0K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0416%	1h	0.4278	+0.140%	$119K	$45K	50x	as long as short
dYdX LDO-USDshort	0.0000%	1h	0.4286	+0.335%	$83K	$17K	5x
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4279	+0.164%	$7K	$20K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−3.792%	$4K	$13	12x	as long as short
Lighter LDO	+0.0096%	1h	0.4291	+0.445%	$871K	$267K	10x	as long as short
Paradex LDO-USD-PERP	+0.0099%	8h	0.4283	+0.252%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4277	+0.122%	$11.8M	$3.9M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4283	+0.269%	$168K	$134K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4288	+0.375%	$110K	$178K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4270	−0.054%	$17.9M	$34.6M	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	0.4266	−0.140%	$16.1M	$11.2M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4265	−0.164%	$4.0M	$7.9M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4278	+0.140%	$1.5M	$994K	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4279	+0.164%	$7.7M	$7.2M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4281	+0.211%	$2.7M	$4.1M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4277	+0.117%	$3.3M	$3.4M	75x	as long as short
BingX LDO-USDTlong	+0.0100%	8h	0.4272	long leg	—	$10.0M	—
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4276	+0.105%	$88K	$153K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4274	+0.043%	$201K	$80K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4277	+0.118%	$302K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4280	+0.187%	$33K	$644K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4284	+0.274%	$23K	$717K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4386	+2.669%	$2K	$1.3M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4276	+0.086%	$260K	$1.3M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4280	+0.187%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0118%	8h	0.4300	+0.655%	$918K	$241K	75x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0319% / S −0.0201%	1h	0.4282	+0.228%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0337%	1h	0.4277	+0.126%	$298K	—	15x	as long as short
Kraken Futures PF_LDOUSD	+0.0562%	1h	0.4285	+0.300%	$1.2M	$793K	50x	as long as short