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% APRnext payment +$0.56 per $10,000 · paid last 24h +0.301%
Price spread now: Pacifica against Coinbase International+0.527%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$800.801% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.746%+$75 on $10k
Price spread, last 4 days (all we have)−0.719%−$72 · spread now +0.527%, 7d avg +0.096%
Together, before fees+0.027%+ Points / potential airdropPacifica: Active · farm board+$3 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 Pacifica is 0.432% dearer against Coinbase International than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4197−0.0352get 0.0044% / 1h1m 41s$117K$40K50x
ShortPacifica LDO0.42190.0100get 0.0013% / 1h1m 41s$108K$27K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.527% → +0.096%
$43.18
Slippage, 4 orders
−$62.07
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$58.03
Costs to cover
0.801%
Break-even
2.7 days
Slippage from Coinbase International: live order book, 51 min ago; Pacifica: live order book, 51 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 Coinbase International live order book, 51 min ago16.32 bp23.6 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 51 min ago8.16 bp16.4 bp −$16doesn't fitdoesn'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%1h0.4197long leg$117K$40K50x
dYdX LDO-USD0.0000%1h0.4218+0.504%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4217+0.477%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.073%$4K$1312xas long as short
BloFin LDO-USDT+0.0089%8h0.4225+0.667%$898K$254K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4217+0.479%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4219+0.515%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4222+0.586%$166K$93K10xas long as short
Pacifica LDOshort+0.0100%1h0.4219+0.527%$108K$27K10x
Binance LDOUSDT+0.0100%8h0.4221+0.561%$17.7M$30.8M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4219+0.524%$15.9M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4220+0.548%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4218+0.500%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4221+0.572%$7.4M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4219+0.524%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4214+0.405%$3.2M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4217+0.477%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4216+0.446%$90K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4232+0.828%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4232+0.834%$301K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4230+0.786%$32K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4219+0.519%$49K$325K5xas long as short
SunX LDO-USDT+0.0100%8h0.4314+2.788%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4212+0.349%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4217+0.477%$37K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4216+0.442%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4215+0.419%$294K15xas long as short
Kraken Futures PF_LDOUSD+0.0399%1h0.4220+0.559%$1.1M$660K50xas long as short
Lighter LDO+0.0432%1h0.4228+0.729%$851K$271K10xas long as short