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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Pacifica against Hyperliquid+0.056%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$560.562% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.056%, 7d avg −0.067%
Together, before fees−0.153%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$15 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: Pacifica is 0.123% dearer against Hyperliquid than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.067%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.42940.0100pay 0.0013% / 1h29m 28s$11.9M$3.7M5x
ShortPacifica LDO0.42960.0100get 0.0013% / 1h29m 28s$110K$159K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Hyperliquid. 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
Price spread: +0.056% → −0.067%
$12.32
Slippage, 4 orders
−$39.2
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$43.88
Costs to cover
0.562%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; Pacifica: live order book, 38 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 Hyperliquid live order book, 3 min ago1.40 bp11.7 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 38 min ago6.90 bp15.2 bp −$15doesn't fitdoesn't fitdoesn't fit

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%1h0.4295+0.026%$120K$44K50xas long as short
dYdX LDO-USD0.0000%1h0.4294+0.009%$83K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.283%$4K$1312xas long as short
Paradex LDO-USD-PERP+0.0099%8h0.4291−0.065%$3K20xas long as short
Hyperliquid LDOlong+0.0100%1h0.4294long leg$11.9M$3.7M5x
Aster LDOUSDT+0.0100%8h0.4293−0.013%$169K$134K10xas long as short
Pacifica LDOshort+0.0100%1h0.4296+0.056%$110K$159K10x
Binance LDOUSDT+0.0100%8h0.4291−0.066%$17.9M$33.8M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4283−0.254%$16.1M$11.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4284−0.231%$4.0M$7.7M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4296+0.049%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4288−0.137%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4295+0.026%$2.7M$4.1M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4292−0.044%$3.3M$3.3M75xas long as short
BingX LDO-USDT+0.0100%8h0.4287−0.161%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4293−0.030%$89K$158K10xas long as short
Variational Omni LDO+0.0100%8h0.4280−0.316%$202K$71Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4275−0.440%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4290−0.091%$33K$643K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4293−0.014%$23K$717K5xas long as short
SunX LDO-USDT+0.0100%8h0.4393+2.308%$2K$1.3M20xas long as short
Extended LDO-USD+0.0104%1h0.4286−0.194%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4292−0.049%$38K3xas long as short
Deribit LDO_USDC-PERPETUAL+0.0216%1h0.4292−0.044%$7K$20K25xas long as short
Lighter LDO+0.0256%1h0.4303+0.217%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4286−0.193%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4285−0.204%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4295+0.019%$1.2M$784K50xas long as short