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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.359%
Price spread now: Injective against Bitget−4.596%61s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−1.424%−$142 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.596% cheaper against Bitget than usual: you would sell low and buy high (−$460 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LDOUSDT0.43080.0100pay 0.0100% / 8h7h 58m$3.4M$3.7M75x
ShortInjective LDO/USDC PERP0.41100.0033get 0.0004% / 1h58m 20s$4K$1412x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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
−$14
Price spread: −4.596% → 0.000%
−$459.61
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$485.63
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 9 min ago; Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 9 min ago3.49 bp16.9 bp −$1740.9 bp −$409doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit LDO_USDC-PERPETUAL−0.1143%1h0.4302−0.139%$3K$10K25xas long as short
Coinbase International LDO-PERP-INTX−0.0752%1h0.4287−0.487%$117K$52K50xas long as short
dYdX LDO-USD0.0000%1h0.4308+0.009%$83K$17K5xas long as short
Injective LDO/USDC PERPshort+0.0033%1h0.4110−4.596%$4K$1412x
BloFin LDO-USDT+0.0099%8h0.4309+0.023%$790K$222K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4305−0.076%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4310+0.037%$12.1M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4312+0.095%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4307−0.032%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4314+0.138%$18.1M$38.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4306−0.046%$16.3M$12.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4305−0.070%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4307−0.023%$1.4M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.43080.000%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4307−0.023%$2.8M$4.2M50xas long as short
Bitget LDOUSDTlong+0.0100%8h0.4308long leg$3.4M$3.7M75x
BingX LDO-USDT+0.0100%8h0.4310+0.046%$3.7Mas long as short
Variational Omni LDO+0.0100%8h0.4304−0.095%$201K$82Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4312+0.097%$304K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4310+0.046%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4309+0.032%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4410+2.368%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4305−0.059%$259K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4311+0.072%$38K3xas long as short
Backpack LDO_USDC_PERP+0.0153%1h0.4308−0.012%$86K$181K10xas long as short
Kraken Futures PF_LDOUSD+0.0197%1h0.4312+0.088%$1.1M$527K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4309+0.028%$23K100xas long as short
Reya LDORUSDPERP+0.0336%1h0.4306−0.036%$300K15xas long as short
Lighter LDO+0.0416%1h0.4320+0.267%$877K$267K10xas long as short