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+0.0452%/8h= +49.5% APRpaid last 24h +0.301%
Price spread now: Gate against Coinbase International+0.539%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$990.995% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.677%+$68 on $10k
Price spread, last 4 days (all we have)−0.778%−$78 · spread now +0.539%, 7d avg +0.049%
Together, before fees−0.101%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Gate is 0.489% dearer against Coinbase International than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.049%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4268−0.0352get 0.0044% / 1h51m 47s$119K$41K50x
ShortGate LDO_USDT0.42910.0100get 0.0100% / 8h3h 51m$1.5M$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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
$94.92
Price spread: +0.539% → +0.049%
$48.95
Slippage, 4 orders
−$74.47
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$44.4
Costs to cover
0.995%
Break-even
3.7 days
Slippage from Coinbase International: live order book, 1 min ago; Gate: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 1 min ago16.32 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, just now3.49 bp23.6 bp −$24235.8 bp −$2,358doesn'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-INTXlong−0.0352%1h0.4268long leg$119K$41K50x
dYdX LDO-USD0.0000%1h0.4290+0.515%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4289+0.492%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−3.702%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4290+0.524%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4296+0.663%$11.7M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4293+0.586%$169K$120K10xas long as short
Pacifica LDO+0.0100%1h0.4292+0.557%$110K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4292+0.562%$18.0M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4289+0.492%$16.2M$9.9M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4289+0.492%$4.0M$6.8M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.4291+0.539%$1.5M$1.0M50x
MEXC LDO_USDT+0.0100%8h0.4293+0.586%$7.7M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4292+0.562%$2.8M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4292+0.562%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4289+0.492%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4292+0.572%$91K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4276+0.182%$201K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4283+0.346%$307K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290+0.515%$33K$640K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4294+0.607%$21K$509K5xas long as short
SunX LDO-USDT+0.0100%8h0.4392+2.905%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4291+0.534%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4291+0.551%$38K3xas long as short
BloFin LDO-USDT+0.0118%8h0.4296+0.656%$910K$254K75xas long as short
Lighter LDO+0.0248%1h0.4301+0.769%$877K$246K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4289+0.500%$23K100xas long as short
Reya LDORUSDPERP+0.0341%1h0.4289+0.488%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0392%1h0.4292+0.571%$1.2M$664K50xas long as short