Spread before costs (cost unknown: a leg has no order-book sample)−0.073%
7d average—if it closes, per $10,000$7funding while held, a day−$13.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX LDO/USD [ETH-USDC] | 0.4367 | L +0.0303% / S −0.0182% | pay 0.0038% / 1h | 58m 13s | $24K | — | 100x |
| Short | Polymarket Perps LDO-USD | 0.4363 | −0.0158 | pay 0.0020% / 1h | 58m 13s | $27K | $1.2M | 5x |
GMX LDO/USD [ETH-USDC]
Polymarket Perps LDO-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$7.26
- Funding while held
- −$13.86
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$41.12
- Spread needed to break even
- 0.200%
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0462%
- Per $10,000 a day
- −$13.86
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GMX no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 2 min ago | 4.12 bp | 8.1 bp −$8 | 8.3 bp −$83 | doesn't fit | doesn'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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.4314cheapestVariational Omni0.4345+0.719%Bybit0.4358+1.020%OKX0.4358+1.020%Bitget0.4358+1.020%Extended0.4358+1.024%Backpack0.4360+1.059%BingX0.4360+1.066%ApeX Omni0.4360+1.066%BloFin0.4360+1.066%Reya0.4361+1.078%Paradex0.4362+1.104%Aevo0.4362+1.107%Gate0.4362+1.113%Pacifica0.4363+1.136%MEXC0.4363+1.136%Deribit0.4363+1.136%dYdX0.4363+1.140%
Coinbase International
Variational Omni
Bybit
OKX
Bitget
Extended
Backpack
BingX
ApeX Omni
BloFin
Reya
Paradex
Aevo
Gate
Pacifica
MEXC
Deribit
dYdXPolymarket Perps0.4363+1.145%
Binance0.4364+1.159%KuCoin0.4364+1.159%Kraken Futures0.4366+1.194%Aster0.4366+1.202%
Binance
KuCoin
Kraken Futures
AsterGMX0.4367+1.219%
Hyperliquid0.4368+1.261%Lighter0.4371+1.312%Injective0.4380+1.530%SunX0.4463+3.454%
Hyperliquid
Lighter
Injective
SunXLDO on 28 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −1.204% | −0.1456% | 1h | $116K | $45K | 50x | as long as short |
| Variational Omni LDO | −0.493% | +0.0100% | 8h | $226K | $151K | — | as long as short |
| Bybit LDOUSDT | −0.196% | +0.0100% | 8h | $16.6M | $13.4M | 50x | as long as short |
| OKX LDO-USDT-SWAP | −0.196% | +0.0100% | 8h | $4.0M | $10.0M | 50x | as long as short |
| Bitget LDOUSDT | −0.196% | +0.0100% | 8h | $3.3M | $3.8M | 75x | as long as short |
| Extended LDO-USD | −0.192% | +0.0104% | 1h | $262K | $1.0M | 25x | as long as short |
| Backpack LDO_USDC_PERP | −0.157% | −0.0214% | 1h | $86K | $200K | 10x | as long as short |
| BingX LDO-USDT | −0.150% | +0.0100% | 8h | — | $5.0M | — | as long as short |
| ApeX Omni LDOUSDT | −0.150% | +0.0100% | 1h | $34K | $645K | 50x | as long as short |
| BloFin LDO-USDT | −0.150% | +0.0120% | 8h | $841K | $152K | 75x | as long as short |
Show all 28 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya LDORUSDPERP | −0.139% | +0.0325% | 1h | $304K | — | 15x | as long as short |
| Paradex LDO-USD-PERP | −0.113% | +0.0097% | 8h | $3K | $56 | 20x | as long as short |
| Aevo LDO-PERP | −0.110% | +0.0104% | 1h | $39K | — | 3x | as long as short |
| Gate LDO_USDT | −0.105% | +0.0100% | 8h | $1.4M | $1.1M | 50x | as long as short |
| Pacifica LDO | −0.082% | +0.0100% | 1h | $112K | $188K | 10x | as long as short |
| MEXC LDO_USDT | −0.082% | +0.0100% | 8h | $9.9M | $7.5M | 200x | as long as short |
| Deribit LDO_USDC-PERPETUAL | −0.082% | −0.0208% | 1h | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | −0.077% | 0.0000% | 1h | $84K | $17K | 5x | as long as short |
| Polymarket Perps LDO-USDshort | −0.073% | −0.0158% | 1h | $27K | $1.2M | 5x | |
| Binance LDOUSDT | −0.059% | +0.0100% | 8h | $18.2M | $40.2M | 75x | as long as short |
| KuCoin LDOUSDTM | −0.059% | +0.0100% | 8h | $2.6M | $4.2M | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.024% | −0.0344% | 1h | $1.2M | $561K | 50x | as long as short |
| Aster LDOUSDT | −0.017% | +0.0100% | 8h | $170K | $323K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC]long | 0.000% | L +0.0303% / S −0.0182% | 1h | $24K | — | 100x | |
| Hyperliquid LDO | +0.042% | +0.0100% | 1h | $12.3M | $3.6M | 5x | as long as short |
| Lighter LDO | +0.092% | +0.0096% | 1h | $886K | $268K | 10x | as long as short |
| Injective LDO/USDC PERP | +0.308% | −0.0806% | 1h | $4K | $136K | 12x | as long as short |
| SunX LDO-USDT | +2.208% | +0.0100% | 8h | $1K | $1.5M | 20x | as long as short |