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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h −0.047%
Price spread now: Deribit against BloFin+0.211%117s7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.211% dearer against BloFin than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LDO-USDT0.42700.0113pay 0.0113% / 8h4h 17m$910K$252K75x
ShortDeribit LDO_USDC-PERPETUAL0.42790.0218get 0.0027% / 1h17m 25s$7K$20K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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
$21.99
Price spread: +0.211% → 0.000%
$21.08
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$24.07
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: BloFin: live order book, 15 min ago; Deribit: 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 BloFin live order book, 15 min ago3.50 bp9.5 bp −$1019.7 bp −$197122.4 bp −$12.2Kdoesn't fit
Sell Deribit no order-book sample
Deribit: 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
Coinbase International LDO-PERP-INTX−0.0416%1h0.4262−0.187%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4272+0.050%$82K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.747%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4273+0.073%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4279+0.218%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4277+0.174%$168K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4276+0.144%$110K$46K10xas long as short
Binance LDOUSDT+0.0100%8h0.4277+0.165%$18.0M$31.1M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4274+0.094%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4275+0.117%$4.0M$6.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4273+0.070%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4276+0.141%$7.7M$6.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4276+0.141%$2.7M$3.7M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4276+0.141%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4275+0.117%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4272+0.042%$91K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4267−0.065%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4271+0.023%$306K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.42700.000%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4279+0.201%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4379+2.553%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4275+0.114%$257K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4278+0.181%$38K3xas long as short
BloFin LDO-USDTlong+0.0113%8h0.4270long leg$910K$252K75x
Deribit LDO_USDC-PERPETUALshort+0.0218%1h0.4279+0.211%$7K$20K25x
Lighter LDO+0.0224%1h0.4282+0.279%$871K$266K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4276+0.147%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4274+0.102%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0493%1h0.4281+0.256%$1.2M$681K50xas long as short