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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0218%/8h= −23.9% APRnext payment $0.27 per $10,000 · paid last 24h −0.055%
Price spread now: ApeX Omni against GMX−0.031%7-day average · you buy dearer than you sell
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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and ApeX Omni is 0.031% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX LDO/USD [ETH-USDC]0.4231L +0.0318% / S −0.0201%pay 0.0040% / 1h49m 00s$23K100x
ShortApeX Omni LDOUSDT0.42300.0100get 0.0013% / 1h49m 00s$32K$639K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
−$45.86
Price spread: −0.031% → 0.000%
−$3.1
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$70.95
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 64 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 GMX no order-book sample
Sell ApeX Omni live order book, 64 min ago6.99 bp14.5 bp −$15118.9 bp −$1,189doesn't fitdoesn't fit
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 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−0.0464%1h0.4189−1.000%$116K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.4235+0.093%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4234+0.064%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.867%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4230−0.025%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4234+0.073%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4234+0.052%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4234+0.064%$108K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4232+0.016%$17.8M$30.9M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4229−0.055%$16.0M$10.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4230−0.031%$4.0M$6.7M50xas long as short
Gate LDO_USDT+0.0100%8h0.4233+0.040%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4231−0.007%$7.4M$5.8M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4234+0.064%$2.7M$3.5M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4230−0.031%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4233+0.040%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.42310.000%$90K$180K10xas long as short
Variational Omni LDO+0.0100%8h0.4234+0.058%$199K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4235+0.090%$300K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4230−0.031%$32K$639K50x
Polymarket Perps LDO-USD+0.0100%1h0.4234+0.059%$27K$368K5xas long as short
SunX LDO-USDT+0.0100%8h0.4332+2.380%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4229−0.052%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4233+0.035%$37K3xas long as short
BloFin LDO-USDT+0.0114%8h0.4230−0.031%$899K$257K75xas long as short
GMX LDO/USD [ETH-USDC]longL +0.0318% / S −0.0201%1h0.4231long leg$23K100x
Reya LDORUSDPERP+0.0342%1h0.4231−0.011%$295K15xas long as short
Lighter LDO+0.0400%1h0.4240+0.203%$855K$263K10xas long as short
Kraken Futures PF_LDOUSD+0.0597%1h0.4232+0.019%$1.1M$658K50xas long as short