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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.016%
Price spread now: Bybit against Extended+0.043%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$590.592% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.043%, 7d avg +0.018%
Together, before fees−0.076%+ Points / potential airdropExtended: Active · farm board−$8 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: Bybit is 0.025% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.43230.0104pay 0.0013% / 1h5m 38s$264K$1.3M25x
ShortBybit LDOUSDT0.43250.0100get 0.0100% / 8h7h 05m$16.4M$11.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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
−$0.84
Price spread: +0.043% → +0.018%
$2.5
Slippage, 4 orders
−$43.2
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$57.54
Costs to cover
0.592%
Break-even
never at this rate
Slippage from Extended: live order book, 3 min ago; Bybit: live order book, 3 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 Extended live order book, 3 min ago4.60 bp16.4 bp −$1694.5 bp −$945doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago2.30 bp12.1 bp −$1232.3 bp −$323doesn'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−0.0752%1h0.4343+0.459%$119K$47K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4327+0.089%$8K$20K25xas long as short
dYdX LDO-USD+0.0026%1h0.4328+0.117%$84K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.930%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4326+0.066%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4332+0.202%$12.0M$3.9M5xas long as short
Aster LDOUSDT+0.0100%8h0.4331+0.178%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4330+0.151%$111K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4329+0.139%$18.2M$36.6M75xas long as short
Bybit LDOUSDTshort+0.0100%8h0.4325+0.043%$16.4M$11.7M50x
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4325+0.043%$4.1M$8.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4329+0.135%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4328+0.112%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4329+0.135%$2.8M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4325+0.043%$3.3M$3.5M75xas long as short
BingX LDO-USDT+0.0100%8h0.4325+0.043%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4328+0.101%$89K$151K10xas long as short
Variational Omni LDO+0.0100%8h0.4322−0.033%$203K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4349+0.605%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4360+0.852%$35K$644K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4328+0.115%$23K$720K5xas long as short
SunX LDO-USDT+0.0100%8h0.4426+2.379%$2K$1.4M20xas long as short
BloFin LDO-USDT+0.0104%8h0.4350+0.621%$922K$213K75xas long as short
Extended LDO-USDlong+0.0104%1h0.4323long leg$264K$1.3M25x
Aevo LDO-PERP+0.0104%1h0.4326+0.066%$38K3xas long as short
Kraken Futures PF_LDOUSD+0.0196%1h0.4331+0.191%$1.1M$516K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4327+0.081%$24K100xas long as short
Reya LDORUSDPERP+0.0337%1h0.4324+0.014%$302K15xas long as short
Lighter LDO+0.0568%1h0.4338+0.348%$880K$267K10xas long as short