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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Polymarket Perps against Bitget+0.119%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$490.495% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.321%−$32 on $10k
Price spread, last 4 days (all we have)+0.234%+$23 · spread now +0.119%, 7d avg +0.060%
Together, before fees−0.087%−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.059% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.060%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget LDOUSDT0.41900.0100pay 0.0100% / 8h7h 53m$3.2M$3.0M75x
ShortPolymarket Perps LDO-USD0.41950.0100get 0.0013% / 1h53m 50s$24K$375K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$0
Price spread: +0.119% → +0.060%
$5.92
Slippage, 4 orders
−$29.46
Fee Bitget: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$43.54
Costs to cover
0.495%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Polymarket Perps: live order book, 43 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 Bitget live order book, 4 min ago1.19 bp14.4 bp −$1438.1 bp −$381doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 43 min ago4.77 bp8.8 bp −$98.9 bp −$89doesn't fitdoesn'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−0.0952%1h0.4180−0.239%$116K$39K50xas long as short
Kraken Futures PF_LDOUSD−0.0371%1h0.4187−0.067%$1.1M$729K50xas long as short
dYdX LDO-USD0.0000%1h0.4193+0.078%$81K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.909%$4K$1112xas long as short
BloFin LDO-USDT+0.0084%8h0.4187−0.072%$885K$256K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4190−0.001%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4193+0.064%$11.4M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4194+0.087%$165K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4195+0.129%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4193+0.072%$17.6M$31.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4187−0.072%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4187−0.072%$4.0M$6.5M50xas long as short
Gate LDO_USDT+0.0100%8h0.4191+0.024%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4191+0.024%$6.7M$5.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4191+0.024%$2.6M$3.2M50xas long as short
Bitget LDOUSDTlong+0.0100%8h0.4190long leg$3.2M$3.0M75x
BingX LDO-USDT+0.0100%8h0.4192+0.048%$10.2Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4189−0.033%$89K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4196+0.139%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4204+0.326%$298K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4200+0.239%$31K$633K50xas long as short
Polymarket Perps LDO-USDshort+0.0100%1h0.4195+0.119%$24K$375K5x
SunX LDO-USDT+0.0100%8h0.4288+2.339%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4189−0.034%$251K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4189−0.016%$37K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0228%1h0.4189−0.024%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4188−0.051%$23K100xas long as short
Reya LDORUSDPERP+0.0346%1h0.4189−0.021%$292K15xas long as short
Lighter LDO+0.0440%1h0.4197+0.169%$846K$271K10xas long as short