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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Polymarket Perps against OKX+0.041%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$480.483% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.300%−$30 on $10k
Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.041%, 7d avg +0.065%
Together, before fees−0.306%−$31 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: Polymarket Perps is 0.025% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX LDO-USDT-SWAP0.41840.0100pay 0.0100% / 8h2h 27m$3.9M$6.7M50x
ShortPolymarket Perps LDO-USD0.41860.0100get 0.0013% / 1h27m 06s$22K$384K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: +0.041% → +0.065%
−$2.46
Slippage, 4 orders
−$30.33
Fee OKX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$50.78
Costs to cover
0.483%
Break-even
never at this rate
Slippage from OKX: live order book, 1 min ago; Polymarket Perps: live order book, 20 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 OKX live order book, 1 min ago1.19 bp15.3 bp −$1549.4 bp −$494doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 20 min ago3.67 bp7.7 bp −$88.1 bp −$81doesn'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−0.0464%1h0.4182−0.048%$116K$40K50xas long as short
dYdX LDO-USD0.0000%1h0.4194+0.247%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4180−0.096%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−1.769%$4K$1112xas long as short
BloFin LDO-USDT+0.0089%8h0.41840.000%$889K$256K75xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4192+0.199%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4188+0.084%$11.4M$3.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4187+0.083%$165K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4193+0.215%$107K$27K10xas long as short
Binance LDOUSDT+0.0100%8h0.4186+0.048%$17.6M$31.1M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.41840.000%$15.9M$10.1M50xas long as short
OKX LDO-USDT-SWAPlong+0.0100%8h0.4184long leg$3.9M$6.7M50x
Gate LDO_USDT+0.0100%8h0.4179−0.120%$1.4M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4185+0.024%$7.1M$5.9M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4181−0.072%$2.7M$3.5M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4182−0.048%$3.2M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4182−0.048%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4182−0.043%$88K$181K10xas long as short
Variational Omni LDO+0.0100%8h0.4203+0.450%$197K$60Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4197+0.315%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+0.621%$32K$638K50xas long as short
Polymarket Perps LDO-USDshort+0.0100%1h0.4186+0.041%$22K$384K5x
SunX LDO-USDT+0.0100%8h0.4293+2.605%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4178−0.136%$251K$1.2M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4178−0.137%$37K3xas long as short
Lighter LDO+0.0264%1h0.4191+0.165%$845K$265K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0317% / S −0.0201%1h0.4182−0.051%$23K100xas long as short
Reya LDORUSDPERP+0.0343%1h0.4182−0.038%$292K15xas long as short
Kraken Futures PF_LDOUSD+0.0604%1h0.4187+0.061%$1.1M$656K50xas long as short