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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.5100%/8h= +558.5% APRpaid last 24h +0.359%
Price spread now: Gate against Injective+6.375%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+1.354%+$135 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 +$153 a day on $10k at the current rate, and Gate is 6.375% dearer against Injective than usual: you sell high and buy low: +$637 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.354% in total (about 70.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective LDO/USDC PERP0.4110−0.5000get 0.0625% / 1h48m 39s$4K$1412x
ShortGate LDO_USDT0.43720.0100get 0.0100% / 8h48m 39s$1.5M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$1,071
Price spread: +6.375% → 0.000%
$637.47
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$1,693.45
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago3.43 bp28.1 bp −$28179.1 bp −$1,791doesn'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
Injective LDO/USDC PERPlong−0.5000%1h0.4110long leg$4K$1412x
Coinbase International LDO-PERP-INTX−0.1016%1h0.4373+6.399%$119K$56K50xas long as short
dYdX LDO-USD0.0000%1h0.4376+6.478%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4378+6.521%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4379+6.553%$1.1M$528K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4368+6.266%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4379+6.555%$12.3M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4377+6.503%$172K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4373+6.399%$112K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4373+6.401%$18.2M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4366+6.229%$16.6M$12.6M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4364+6.180%$4.1M$9.1M50xas long as short
Gate LDO_USDTshort+0.0100%8h0.4372+6.375%$1.5M$1.1M50x
MEXC LDO_USDT+0.0100%8h0.4372+6.375%$8.5M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4376+6.472%$2.8M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4373+6.399%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4374+6.423%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4377+6.491%$88K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4372+6.374%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4377+6.496%$311K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4380+6.569%$35K$648K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4379+6.540%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4480+9.002%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4371+6.362%$263K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4377+6.485%$39K3xas long as short
BloFin LDO-USDT+0.0105%8h0.4373+6.399%$791K$221K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4378+6.527%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4373+6.411%$305K15xas long as short
Lighter LDO+0.0472%1h0.4382+6.623%$889K$268K10xas long as short