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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against KuCoin+0.284%97s7-day average +0.102% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$900.898% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.146%+$15 on $10k
Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.284%, 7d avg +0.102%
Together, before fees+0.043%+$4 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: ApeX Omni is 0.182% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.102%. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LDOUSDTM0.42280.0100pay 0.0100% / 8h1h 41m$2.7M$3.4M50x
ShortApeX Omni LDOUSDT0.42400.0100get 0.0013% / 1h41m 50s$32K$636K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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: +0.284% → +0.102%
$18.16
Slippage, 4 orders
−$67.78
Fee KuCoin: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$71.62
Costs to cover
0.898%
Break-even
never at this rate
Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 66 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 KuCoin live order book, 5 min ago2.36 bp32.2 bp −$32827.2 bp −$8,272doesn't fitdoesn't fit
Sell ApeX Omni live order book, 66 min ago7.09 bp15.6 bp −$16104.7 bp −$1,047doesn't fitdoesn't fit

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−0.0648%1h0.4213−0.355%$117K$41K50xas long as short
dYdX LDO-USD0.0000%1h0.4230+0.047%$82K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.42280.000%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.791%$4K$1112xas long as short
BloFin LDO-USDT+0.0093%8h0.4232+0.095%$895K$259K75xas long as short
Lighter LDO+0.0096%1h0.4235+0.177%$854K$270K10xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4224−0.100%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4232+0.102%$11.5M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4231+0.075%$166K$92K10xas long as short
Pacifica LDO+0.0100%1h0.4225−0.068%$107K$28K10xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance LDOUSDT+0.0100%8h0.4231+0.062%$17.7M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.42280.000%$16.0M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4230+0.047%$4.0M$6.8M50xas long as short
Gate LDO_USDT+0.0100%8h0.4229+0.024%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4229+0.024%$6.8M$5.9M200xas long as short
KuCoin LDOUSDTMlong+0.0100%8h0.4228long leg$2.7M$3.4M50x
Bitget LDOUSDT+0.0100%8h0.42280.000%$3.3M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4231+0.071%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4226−0.040%$89K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4226−0.053%$197K$62Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4234+0.153%$302K$3.5M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4240+0.284%$32K$636K50x
Polymarket Perps LDO-USD+0.0100%1h0.4228+0.007%$22K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4324+2.271%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4224−0.099%$254K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.42280.000%$37K3xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4228−0.011%$23K100xas long as short
Reya LDORUSDPERP+0.0344%1h0.4225−0.068%$295K15xas long as short
Kraken Futures PF_LDOUSD+0.0380%1h0.4225−0.078%$1.1M$666K50xas long as short