data as of
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Price arb /

LDO

all LDO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$53
spread now+0.145%7d average+0.063%fees + slippage, in and out−$61spread needed0.614%
Long on BybitShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.43330.0078pay 0.0078% / 8h1h 05m$16.5M$12.5M50x
ShortBackpack LDO_USDC_PERP0.43390.0100get 0.0013% / 1h5m 48s$88K$189K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$14.54
Funding while held
$0.66
Slippage, 4 orders
−$40.37
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$46.17
Spread needed to break even
0.614%
Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 49 min ago.

Cost of waiting

funding view
Funding /8h
+0.0022%
Per $10,000 a day
+$0.66
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago2.31 bp19.7 bp −$2056.0 bp −$560doesn't fitdoesn't fit
Sell Backpack live order book, 49 min ago1.85 bp12.4 bp −$12doesn't fitdoesn't fitdoesn't fit

LDO price on every exchange

against the cheapest. Click to use as the short leg.
Coinbase International0.4301cheapestApeX Omni0.4330+0.674%Extended0.4332+0.731%
Bybit0.4333+0.744%
OKX0.4333+0.744%Binance0.4336+0.806%MEXC0.4338+0.860%BingX0.4338+0.860%Variational Omni0.4339+0.876%Gate0.4339+0.884%Bitget0.4339+0.884%
Backpack0.4339+0.890%
Reya0.4340+0.900%dYdX0.4340+0.902%KuCoin0.4340+0.907%Aster0.4341+0.919%Deribit0.4341+0.930%Paradex0.4341+0.937%Hyperliquid0.4341+0.939%GMX0.4342+0.954%Aevo0.4342+0.956%Polymarket Perps0.4343+0.972%Pacifica0.4343+0.972%Kraken Futures0.4344+0.998%BloFin0.4344+1.000%Injective0.4350+1.139%Lighter0.4350+1.142%SunX0.4443+3.302%

LDO on 28 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Coinbase International LDO-PERP-INTX−0.739%−0.1016%1h$115K$42K50xas long as short
ApeX Omni LDOUSDT−0.069%+0.0100%1h$33K$647K50xas long as short
Extended LDO-USD−0.013%+0.0104%1h$260K$1.0M25xas long as short
Bybit LDOUSDTlong0.000%+0.0078%8h$16.5M$12.5M50x
OKX LDO-USDT-SWAP0.000%+0.0100%8h$4.0M$9.5M50xas long as short
Binance LDOUSDT+0.062%+0.0100%8h$17.9M$38.0M75xas long as short
MEXC LDO_USDT+0.115%+0.0100%8h$10.0M$7.4M200xas long as short
BingX LDO-USDT+0.115%+0.0100%8h—$4.9M—as long as short
Variational Omni LDO+0.131%+0.0100%8h$223K$154K—as long as short
Gate LDO_USDT+0.138%+0.0100%8h$1.4M$1.1M50xas long as short
Show all 28 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget LDOUSDT+0.138%+0.0100%8h$3.3M$3.7M75xas long as short
Backpack LDO_USDC_PERPshort+0.145%+0.0100%1h$88K$189K10x
Reya LDORUSDPERP+0.155%+0.0323%1h$303K—15xas long as short
dYdX LDO-USD+0.157%0.0000%1h$83K$17K5xas long as short
KuCoin LDOUSDTM+0.162%+0.0100%8h$2.5M$4.1M50xas long as short
Aster LDOUSDT+0.174%+0.0100%8h$168K$312K10xas long as short
Deribit LDO_USDC-PERPETUAL+0.185%−0.0211%1h$3K$10K25xas long as short
Paradex LDO-USD-PERP+0.192%+0.0100%8h$3K$5620xas long as short
Hyperliquid LDO+0.194%+0.0100%1h$12.4M$3.5M5xas long as short
GMX LDO/USD [ETH-USDC]+0.208%L +0.0299% / S −0.0177%1h$24K—100xas long as short
Aevo LDO-PERP+0.211%+0.0104%1h$38K—3xas long as short
Polymarket Perps LDO-USD+0.226%+0.0100%1h$27K$1.5M5xas long as short
Pacifica LDO+0.227%+0.0100%1h$111K$188K10xas long as short
Kraken Futures PF_LDOUSD+0.252%−0.0085%1h$1.2M$547K50xas long as short
BloFin LDO-USDT+0.254%+0.0121%8h$832K$153K75xas long as short
Injective LDO/USDC PERP+0.392%−0.0430%1h$4K$177K12xas long as short
Lighter LDO+0.395%+0.0096%1h$882K$283K10xas long as short
SunX LDO-USDT+2.539%+0.0100%8h$2K$1.4M20xas long as short