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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.1266%/8h= +138.6% APRnext payment +$1.58 per $10,000 · paid last 24h +0.368%
Price spread now: Reya against Coinbase International+0.369%72s7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.774%+$77 on $10k
Price spread, last 4 days (all we have)−0.622%−$62 · spread now +0.369%, 7d avg +0.036%
Together, before fees+0.152%+ Points / potential airdropReya: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Reya is 0.333% dearer against Coinbase International than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.036%. The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International LDO-PERP-INTX0.4186−0.0920get 0.0115% / 1h14m 13s$116K$39K50x
ShortReya LDORUSDPERP0.42010.0346get 0.0043% / 1h14m 13s$293K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$265.82
Price spread: +0.369% → +0.036%
$33.26
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$283.08
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 24 min ago; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 24 min ago23.91 bp36.0 bp −$36doesn't fitdoesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International LDO-PERP-INTXlong−0.0920%1h0.4186long leg$116K$39K50x
dYdX LDO-USD0.0000%1h0.4210+0.577%$81K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.816%$4K$1112xas long as short
BloFin LDO-USDT+0.0079%8h0.4205+0.454%$881K$258K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4211+0.604%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4222+0.860%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4215+0.699%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4212+0.623%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4216+0.722%$17.7M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4213+0.645%$16.1M$10.0M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4215+0.693%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4213+0.645%$1.4M$1.2M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4216+0.717%$6.5M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4215+0.693%$2.7M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4214+0.669%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4214+0.669%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4215+0.705%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4202+0.379%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4209+0.548%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+0.573%$31K$633K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4216+0.717%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4310+2.962%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4214+0.669%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4216+0.717%$37K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0224%1h0.4218+0.764%$7K$20K25xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4214+0.659%$1.1M$729K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4205+0.449%$23K100xas long as short
Reya LDORUSDPERPshort+0.0346%1h0.4201+0.369%$293K15x
Lighter LDO+0.0384%1h0.4223+0.879%$851K$272K10xas long as short