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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.25 per $10,000 · paid last 24h +0.026%
Price spread now: GMX against Extended+0.104%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and GMX is 0.104% dearer against Extended than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended LDO-USD0.41550.0104pay 0.0013% / 1h54m 35s$251K$1.4M25x
ShortGMX LDO/USD [ETH-USDC]0.4159L +0.0384% / S −0.0308%get 0.0038% / 1h54m 35s$29K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$42.81
Price spread: +0.104% → 0.000%
$10.35
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$36.16
Costs to cover
0.170%
Break-even
1.1 days
Slippage unknown: Extended: live order book, 2 min ago; GMX: 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 Extended live order book, 2 min ago3.61 bp16.4 bp −$1694.9 bp −$949doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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 exchanges

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−0.0384%1h0.4146−0.220%$114K$47K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0231%1h0.4158+0.069%$7K$10K25xas long as short
dYdX LDO-USD0.0000%1h0.4162+0.163%$80K$2K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.086%$4K$1012xas long as short
Lighter LDO+0.0096%1h0.4166+0.271%$840K$243K10xas long as short
Backpack LDO_USDC_PERP+0.0096%1h0.4161+0.136%$86K$171K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4157+0.046%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4162+0.158%$11.4M$2.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4164+0.219%$163K$53K10xas long as short
Pacifica LDO+0.0100%1h0.4161+0.141%$105K$7K10xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4160+0.108%$17.5M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4158+0.069%$16.0M$9.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4160+0.117%$4.0M$6.0M50xas long as short
Gate LDO_USDT+0.0100%8h0.4161+0.141%$1.6M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4160+0.117%$6.3M$5.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4161+0.141%$2.6M$2.9M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4158+0.069%$3.2M$2.5M75xas long as short
BingX LDO-USDT+0.0100%8h0.4159+0.093%$10.0Mas long as short
Variational Omni LDO+0.0100%8h0.4160+0.128%$198K$51Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4167+0.287%$295K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4170+0.358%$31K$632K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4163+0.189%$24K$309K5xas long as short
SunX LDO-USDT+0.0100%8h0.4259+2.500%$1K$1.1M20xas long as short
Extended LDO-USDlong+0.0104%1h0.4155long leg$251K$1.4M25x
Aevo LDO-PERP+0.0104%1h0.4161+0.152%$37K3xas long as short
BloFin LDO-USDT+0.0107%8h0.4160+0.117%$878K$266K75xas long as short
Reya LDORUSDPERP+0.0349%1h0.4158+0.076%$290K15xas long as short
Kraken Futures PF_LDOUSD+0.0363%1h0.4163+0.193%$1.0M$743K50xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0384% / S −0.0308%1h0.4159+0.104%$29K100x