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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.015%
Price spread now: Bybit against dYdX+0.140%7-day average · 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 7 days+0.118%+$12 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.140% dearer against dYdX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX LDO-USD0.42900.0004pay 0.0001% / 1h1m 18s$83K$5K5x
ShortBybit LDOUSDT0.42960.0100get 0.0100% / 8h6h 01m$16.1M$10.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against dYdX. 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
$20.16
Price spread: +0.140% → 0.000%
$13.99
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$13.14
Costs to cover
0.210%
Break-even
2.4 days
Slippage unknown: dYdX: no order-book sample; Bybit: live order book, 2 min ago. 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 dYdX no order-book sample
Sell Bybit live order book, 2 min ago1.16 bp16.2 bp −$1638.7 bp −$387doesn't fitdoesn't fit
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 28 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%1h0.4259−0.723%$119K$43K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4298+0.186%$7K$20K25xas long as short
dYdX LDO-USDlong+0.0004%1h0.4290long leg$83K$5K5x
Injective LDO/USDC PERP+0.0033%1h0.4110−4.196%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4296+0.130%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4299+0.212%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4298+0.177%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4299+0.210%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4299+0.211%$18.0M$32.6M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4296+0.140%$16.1M$10.6M50x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4295+0.117%$4.0M$7.4M50xas long as short
Gate LDO_USDT+0.0100%8h0.4298+0.186%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4297+0.163%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4297+0.163%$2.7M$4.0M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4295+0.117%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4299+0.210%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4299+0.217%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4288−0.052%$202K$70Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4299+0.209%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+0.233%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4298+0.191%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4397+2.494%$1K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4294+0.104%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4296+0.132%$38K3xas long as short
Lighter LDO+0.0304%1h0.4306+0.373%$875K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4298+0.190%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4294+0.096%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4301+0.256%$1.2M$749K50xas long as short