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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.359%
Price spread now: Injective against KuCoin−1.979%7-day average · you buy dearer than you sell
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−1.345%−$135 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.979% cheaper against KuCoin than usual: you would sell low and buy high (−$198 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin LDOUSDTM0.41930.0100pay 0.0100% / 8h36m 55s$2.6M$3.3M50x
ShortInjective LDO/USDC PERP0.41100.0033get 0.0004% / 1h36m 55s$4K$1112x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −1.979% → 0.000%
−$197.95
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$223.97
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 10 min ago; Injective: 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, 10 min ago1.18 bp47.5 bp −$47833.7 bp −$8,337doesn't fitdoesn't fit
Sell Injective no order-book sample
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−0.0920%1h0.4172−0.501%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4192−0.019%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4192−0.024%$7K$20K25xas long as short
Injective LDO/USDC PERPshort+0.0033%1h0.4110−1.979%$4K$1112x
BloFin LDO-USDT+0.0084%8h0.41930.000%$879K$256K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4191−0.058%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4194+0.019%$11.4M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4193+0.009%$165K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4193+0.011%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4191−0.053%$17.6M$30.8M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4181−0.286%$15.9M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4184−0.215%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4192−0.024%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4192−0.024%$6.6M$5.5M200xas long as short
KuCoin LDOUSDTMlong+0.0100%8h0.4193long leg$2.6M$3.3M50x
Bitget LDOUSDT+0.0100%8h0.4190−0.072%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4191−0.048%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4193−0.005%$89K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4223+0.720%$201K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4216+0.560%$296K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4230+0.882%$31K$633K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4191−0.045%$22K$371K5xas long as short
SunX LDO-USDT+0.0100%8h0.4288+2.266%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4190−0.081%$256K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4192−0.024%$37K3xas long as short
Kraken Futures PF_LDOUSD+0.0226%1h0.4192−0.030%$1.1M$720K50xas long as short
Lighter LDO+0.0240%1h0.4198+0.124%$846K$270K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4190−0.075%$23K100xas long as short
Reya LDORUSDPERP+0.0345%1h0.4187−0.147%$292K15xas long as short