Funding arb · Price arb /

LDO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.029%

Price spread now: dYdX against OKX+0.266%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.266% dearer against OKX than usual: you sell high and buy low (spread +0.266% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LDO-USDT-SWAP	0.4199	0.0100	pay 0.0100% / 8h	11m 05s	$4.0M	$6.6M	50x
Short	dYdX LDO-USD	0.4210	0	get 0.0000% / 1h	11m 05s	$81K	$5K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against OKX. 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

Position, each leg$Hold fordaysFee OKXbpFee dYdXbpOrdersPrice spread, now +0.266%Rate

Funding earned: −$21
Price spread: +0.266% → 0.000%: $26.57
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$14.43
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 min ago; dYdX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.19 bp	15.4 bp −$15	57.2 bp −$572	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.0920%	1h	0.4186	−0.310%	$116K	$39K	50x	as long as short
dYdX LDO-USDshort	0.0000%	1h	0.4210	+0.266%	$81K	$5K	5x
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−2.120%	$4K	$11	12x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4204	+0.125%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4206	+0.160%	$11.5M	$3.0M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4204	+0.108%	$165K	$91K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4207	+0.193%	$106K	$28K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4202	+0.071%	$17.6M	$31.0M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4199	0.000%	$16.1M	$10.0M	50x	as long as short
OKX LDO-USDT-SWAPlong	+0.0100%	8h	0.4199	long leg	$4.0M	$6.6M	50x

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LDO_USDT	+0.0100%	8h	0.4200	+0.024%	$1.4M	$1.2M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4202	+0.071%	$6.5M	$5.5M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4202	+0.071%	$2.6M	$3.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4200	+0.024%	$3.2M	$3.0M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4202	+0.071%	—	$10.1M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4200	+0.033%	$88K	$177K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4202	+0.068%	$200K	$66K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4212	+0.310%	$299K	$3.5M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4210	+0.262%	$31K	$632K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4208	+0.217%	$24K	$375K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4306	+2.548%	$1K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4198	−0.018%	$252K	$1.4M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4200	+0.036%	$37K	—	3x	as long as short
BloFin LDO-USDT	+0.0125%	8h	0.4201	+0.048%	$881K	$256K	75x	as long as short
Kraken Futures PF_LDOUSD	+0.0226%	1h	0.4201	+0.037%	$1.1M	$727K	50x	as long as short
Deribit LDO_USDC-PERPETUAL	+0.0226%	1h	0.4201	+0.048%	$7K	$20K	25x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0318% / S −0.0201%	1h	0.4201	+0.051%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0346%	1h	0.4203	+0.095%	$293K	—	15x	as long as short
Lighter LDO	+0.0392%	1h	0.4210	+0.260%	$848K	$273K	10x	as long as short