Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.015%

Price spread now: dYdX against Bybit+0.088%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.088% dearer against Bybit than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LDOUSDT	0.4291	0.0100	pay 0.0100% / 8h	1h 59m	$16.4M	$13.4M	50x
Short	dYdX LDO-USD	0.4295	0.0012	get 0.0002% / 1h	59m 11s	$83K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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

Position, each leg$Hold fordaysFee BybitbpFee dYdXbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$18.43
Price spread: +0.088% → 0.000%: $8.82
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$30.61
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	1.16 bp	17.9 bp −$18	37.0 bp −$370	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective LDO/USDC PERP	−0.0851%	1h	0.4270	−0.489%	$4K	$13	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.0600%	1h	0.4272	−0.443%	$116K	$54K	50x	as long as short
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4296	+0.117%	$3K	$10K	25x	as long as short
dYdX LDO-USDshort	+0.0012%	1h	0.4295	+0.088%	$83K	$17K	5x
Lighter LDO	+0.0096%	1h	0.4311	+0.464%	$875K	$267K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4287	−0.104%	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4297	+0.149%	$11.8M	$3.8M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4296	+0.118%	$169K	$152K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4289	−0.040%	$110K	$178K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4296	+0.120%	$17.9M	$38.4M	75x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LDOUSDTlong	+0.0100%	8h	0.4291	long leg	$16.4M	$13.4M	50x
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4293	+0.047%	$4.0M	$9.1M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4293	+0.047%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4296	+0.117%	$8.5M	$7.6M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4293	+0.047%	$2.8M	$4.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4291	0.000%	$3.3M	$3.8M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4294	+0.070%	—	$3.9M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4292	+0.026%	$85K	$186K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4292	+0.030%	$201K	$88K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4296	+0.116%	$308K	$3.5M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4300	+0.210%	$34K	$648K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4298	+0.161%	$23K	$740K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4396	+2.447%	$1K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4292	+0.021%	$257K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4298	+0.153%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0116%	8h	0.4297	+0.140%	$788K	$227K	75x	as long as short
Kraken Futures PF_LDOUSD	+0.0299%	1h	0.4299	+0.181%	$1.1M	$564K	50x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0318% / S −0.0201%	1h	0.4296	+0.118%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0333%	1h	0.4292	+0.020%	$299K	—	15x	as long as short