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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Gate against Bybit+0.117%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$840.844% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days−0.132%−$13 · spread now +0.117%, 7d avg +0.040%
Together, before fees−0.093%−$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: Gate is 0.078% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit LDOUSDT0.42610.0100pay 0.0100% / 8h4h 42m$16.1M$10.0M50x
ShortGate LDO_USDT0.42660.0100get 0.0100% / 8h4h 42m$1.5M$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: +0.117% → +0.040%
$7.78
Slippage, 4 orders
−$58.42
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$76.64
Costs to cover
0.844%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 5 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 Bybit live order book, 1 min ago2.35 bp12.5 bp −$1333.6 bp −$336doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago3.52 bp31.3 bp −$31166.9 bp −$1,669doesn'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−0.0416%1h0.42610.000%$119K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4269+0.193%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4264+0.070%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.544%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4270+0.200%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4265+0.087%$11.6M$3.2M5xas long as short
Aster LDOUSDT+0.0100%8h0.4265+0.097%$168K$116K10xas long as short
Pacifica LDO+0.0100%1h0.4273+0.285%$110K$53K10xas long as short
Binance LDOUSDT+0.0100%8h0.4264+0.070%$17.9M$31.1M75xas long as short
Bybit LDOUSDTlong+0.0100%8h0.4261long leg$16.1M$10.0M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.42610.000%$4.0M$6.9M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.4266+0.117%$1.5M$1.0M50x
MEXC LDO_USDT+0.0100%8h0.4263+0.047%$7.6M$6.4M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4265+0.094%$2.7M$3.8M50xas long as short
Bitget LDOUSDT+0.0100%8h0.42610.000%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4263+0.047%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4262+0.026%$91K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4255−0.148%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4256−0.117%$303K$3.3M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4260−0.023%$32K$640K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4270+0.216%$23K$516K5xas long as short
SunX LDO-USDT+0.0100%8h0.4368+2.511%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4259−0.037%$256K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4263+0.053%$38K3xas long as short
Lighter LDO+0.0120%1h0.4272+0.261%$868K$265K10xas long as short
BloFin LDO-USDT+0.0129%8h0.4263+0.047%$914K$252K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4265+0.105%$23K100xas long as short
Reya LDORUSDPERP+0.0340%1h0.4263+0.042%$297K15xas long as short
Kraken Futures PF_LDOUSD+0.0495%1h0.4265+0.097%$1.1M$683K50xas long as short