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+0.0101%/8h= +11.1% APRpaid last 24h +0.009%
Price spread now: GMX against KuCoin+0.027%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 +$3 a day on $10k at the current rate, and GMX is 0.027% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LDOUSDTM0.43530.0100pay 0.0100% / 8h41m 18s$2.8M$4.2M50x
ShortGMX LDO/USD [ETH-USDC]0.4354L +0.0320% / S −0.0201%get 0.0025% / 1h41m 18s$24K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$21.26
Price spread: +0.027% → 0.000%
$2.69
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee GMX: 6 bp × 2 orders
−$12
Net
−$0.05
Costs to cover
0.240%
Break-even
7.0 days
Slippage unknown: KuCoin: live order book, 1 min ago; 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 KuCoin live order book, 1 min ago1.15 bp38.2 bp −$38765.4 bp −$7,654doesn't fitdoesn't fit
Sell GMX no order-book sample
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 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 PERP−0.5000%1h0.4110−5.582%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4360+0.161%$118K$56K50xas long as short
dYdX LDO-USD0.0000%1h0.4363+0.240%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4352−0.023%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4355+0.044%$1.1M$529K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4346−0.158%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4358+0.103%$12.2M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4356+0.067%$171K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4349−0.103%$112K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.43530.000%$18.1M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4347−0.138%$16.5M$12.6M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4347−0.138%$4.1M$9.1M50xas long as short
Gate LDO_USDT+0.0100%8h0.4351−0.046%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4352−0.023%$8.4M$7.5M200xas long as short
KuCoin LDOUSDTMlong+0.0100%8h0.4353long leg$2.8M$4.2M50x
Bitget LDOUSDT+0.0100%8h0.4355+0.046%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4349−0.092%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4349−0.092%$88K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4361+0.183%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4356+0.069%$309K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4370+0.391%$35K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4353+0.002%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4451+2.251%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4347−0.133%$261K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4353+0.005%$39K3xas long as short
BloFin LDO-USDT+0.0112%8h0.4358+0.115%$792K$221K75xas long as short
Lighter LDO+0.0248%1h0.4358+0.124%$884K$268K10xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0320% / S −0.0201%1h0.4354+0.027%$24K100x
Reya LDORUSDPERP+0.0335%1h0.4349−0.103%$303K15xas long as short