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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.421%
Price spread now: ApeX Omni against Injective+3.650%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 7 days+1.512%+$151 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 3.650% dearer against Injective than usual: you sell high and buy low: +$365 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.41100.0033pay 0.0004% / 1h23m 56s$4K$1312x
ShortApeX Omni LDOUSDT0.42600.0100get 0.0013% / 1h23m 56s$32K$641K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Injective. 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
$14
Price spread: +3.650% → 0.000%
$364.96
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$368.94
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; ApeX Omni: live order book, 29 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 Injective no order-book sample
Sell ApeX Omni live order book, 29 min ago6.99 bp14.5 bp −$15118.9 bp −$1,189doesn't fitdoesn't fit
Injective: 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−0.0352%1h0.4253+3.479%$118K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4251+3.435%$82K$5K5xas long as short
Injective LDO/USDC PERPlong+0.0033%1h0.4110long leg$4K$1312x
Paradex LDO-USD-PERP+0.0100%8h0.4247+3.343%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4252+3.453%$11.6M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4253+3.469%$167K$93K10xas long as short
Pacifica LDO+0.0100%1h0.4251+3.440%$109K$26K10xas long as short
Binance LDOUSDT+0.0100%8h0.4250+3.406%$17.9M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4247+3.333%$16.0M$9.9M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4247+3.333%$4.0M$6.8M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4248+3.358%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4247+3.333%$7.6M$6.3M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4252+3.455%$2.7M$3.6M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4247+3.333%$3.3M$3.1M75xas long as short
BingX LDO-USDT+0.0100%8h0.4248+3.358%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4249+3.380%$90K$176K10xas long as short
Variational Omni LDO+0.0100%8h0.4256+3.545%$200K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4265+3.771%$305K$3.4M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4260+3.650%$32K$641K50x
Polymarket Perps LDO-USD+0.0100%1h0.4254+3.511%$21K$246K5xas long as short
SunX LDO-USDT+0.0100%8h0.4347+5.766%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4245+3.287%$255K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4250+3.398%$38K3xas long as short
BloFin LDO-USDT+0.0129%8h0.4258+3.601%$906K$252K75xas long as short
Deribit LDO_USDC-PERPETUAL+0.0221%1h0.4250+3.406%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4249+3.374%$23K100xas long as short
Reya LDORUSDPERP+0.0342%1h0.4249+3.370%$296K15xas long as short
Kraken Futures PF_LDOUSD+0.0396%1h0.4253+3.484%$1.1M$654K50xas long as short
Lighter LDO+0.0464%1h0.4258+3.601%$872K$250K10xas long as short