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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.21 per $10,000 · paid last 24h +0.435%
Price spread now: GMX against Injective+4.139%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 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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 4.139% dearer against Injective than usual: you sell high and buy low: +$414 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% / 1h56m 50s$4K$1312x
ShortGMX LDO/USD [ETH-USDC]0.4280L +0.0319% / S −0.0201%get 0.0025% / 1h56m 50s$23K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$35.26
Price spread: +4.139% → 0.000%
$413.87
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee GMX: 6 bp × 2 orders
−$12
Net
$437.11
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample
Injective and 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 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−0.0512%1h0.4259+3.625%$119K$43K50xas long as short
dYdX LDO-USD0.0000%1h0.4281+4.168%$83K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4280+4.136%$7K$20K25xas long as short
Injective LDO/USDC PERPlong+0.0033%1h0.4110long leg$4K$1312x
Paradex LDO-USD-PERP+0.0100%8h0.4276+4.028%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4298+4.567%$11.7M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4285+4.261%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4282+4.177%$110K$144K10xas long as short
Binance LDOUSDT+0.0100%8h0.4292+4.437%$18.0M$32.4M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4294+4.477%$16.1M$10.5M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4294+4.477%$4.0M$7.4M50xas long as short
Gate LDO_USDT+0.0100%8h0.4288+4.331%$1.5M$999K50xas long as short
MEXC LDO_USDT+0.0100%8h0.4291+4.404%$7.7M$6.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4290+4.380%$2.7M$4.0M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4293+4.453%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4290+4.380%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4283+4.200%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4295+4.495%$202K$68Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4296+4.527%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+4.623%$33K$638K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4280+4.148%$23K$687K5xas long as short
SunX LDO-USDT+0.0100%8h0.4380+6.569%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4286+4.270%$258K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4277+4.063%$38K3xas long as short
Lighter LDO+0.0160%1h0.4287+4.316%$871K$265K10xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0319% / S −0.0201%1h0.4280+4.139%$23K100x
Reya LDORUSDPERP+0.0338%1h0.4276+4.042%$298K15xas long as short
Kraken Futures PF_LDOUSD+0.0577%1h0.4283+4.199%$1.2M$713K50xas long as short