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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against BloFin+0.033%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$480.477% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.265%−$26 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.033%, 7d avg −0.010%
Together, before fees−0.247%−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.043% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.265%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin LDO-USDT0.42910.0083pay 0.0083% / 8h5h 07m$918K$254K75x
ShortPolymarket Perps LDO-USD0.42920.0100get 0.0013% / 1h7m 06s$23K$516K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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
$3.57
Price spread: +0.033% → −0.010%
$4.3
Slippage, 4 orders
−$27.7
Fee BloFin: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$39.83
Costs to cover
0.477%
Break-even
85.1 days
Slippage from BloFin: live order book, 32 min ago; Polymarket Perps: live order book, 56 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 BloFin live order book, 32 min ago1.17 bp14.0 bp −$1422.3 bp −$22387.3 bp −$8,734doesn't fit
Sell Polymarket Perps live order book, 56 min ago4.30 bp10.3 bp −$1010.7 bp −$107doesn'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−0.0512%1h0.4304+0.303%$120K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4300+0.210%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4294+0.070%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.218%$4K$1312xas long as short
BloFin LDO-USDTlong+0.0083%8h0.4291long leg$918K$254K75x
Paradex LDO-USD-PERP+0.0100%8h0.4296+0.110%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4292+0.030%$11.7M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4295+0.089%$169K$116K10xas long as short
Pacifica LDO+0.0100%1h0.4298+0.157%$110K$86K10xas long as short
Binance LDOUSDT+0.0100%8h0.4292+0.028%$18.0M$31.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4288−0.070%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4288−0.070%$4.0M$7.0M50xas long as short
Gate LDO_USDT+0.0100%8h0.4294+0.070%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4292+0.023%$7.8M$7.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4293+0.047%$2.7M$3.8M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4293+0.047%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.42910.000%$9.9Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4289−0.044%$93K$175K10xas long as short
Variational Omni LDO+0.0100%8h0.4301+0.225%$202K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4298+0.163%$304K$3.3M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+0.210%$33K$640K50xas long as short
Polymarket Perps LDO-USDshort+0.0100%1h0.4292+0.033%$23K$516K5x
SunX LDO-USDT+0.0100%8h0.4396+2.447%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4287−0.091%$258K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4292+0.016%$38K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4294+0.058%$23K100xas long as short
Reya LDORUSDPERP+0.0339%1h0.4288−0.064%$299K15xas long as short
Lighter LDO+0.0392%1h0.4300+0.221%$873K$265K10xas long as short
Kraken Futures PF_LDOUSD+0.0575%1h0.4294+0.077%$1.2M$685K50xas long as short