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

LDO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: ApeX Omni against Paradex+0.377%50s7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.377% dearer against Paradex than usual: you sell high and buy low, +$38 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex LDO-USD-PERP0.41440.0100pay 0.0100% / 8h5h 48m$3K20x
ShortApeX Omni LDOUSDT0.41600.0100get 0.0013% / 1h48m 00s$31K$632K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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: +0.377% → 0.000%
$37.69
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$23.69
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 63 min ago. 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 Paradex no order-book sample
Sell ApeX Omni live order book, 63 min ago7.20 bp14.7 bp −$15104.1 bp −$1,041doesn't fitdoesn't fit
Paradex: 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 exchanges

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−0.0384%1h0.4125−0.468%$113K$47K50xas long as short
Deribit LDO_USDC-PERPETUAL−0.0232%1h0.4151+0.160%$7K$10K25xas long as short
Backpack LDO_USDC_PERP−0.0008%1h0.4150+0.136%$84K$171K10xas long as short
dYdX LDO-USD0.0000%1h0.4150+0.136%$80K$2K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−0.830%$4K$1012xas long as short
BloFin LDO-USDT+0.0096%8h0.4149+0.111%$880K$266K75xas long as short
Lighter LDO+0.0096%1h0.4157+0.309%$838K$243K10xas long as short
Paradex LDO-USD-PERPlong+0.0100%8h0.4144long leg$3K20x
Hyperliquid LDO+0.0100%1h0.4153+0.210%$11.4M$2.8M5xas long as short
Aster LDOUSDT+0.0100%8h0.4152+0.184%$163K$54K10xas long as short
Show all 29 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Pacifica LDO+0.0100%1h0.4147+0.062%$105K$7K10xas long as short
Binance LDOUSDT+0.0100%8h0.4151+0.161%$17.5M$30.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4150+0.136%$16.0M$9.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4149+0.111%$4.0M$5.9M50xas long as short
Gate LDO_USDT+0.0100%8h0.4149+0.111%$1.6M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4151+0.160%$6.3M$5.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4151+0.160%$2.6M$2.9M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4150+0.136%$3.2M$2.5M75xas long as short
BingX LDO-USDT+0.0100%8h0.4150+0.136%$10.0Mas long as short
Variational Omni LDO+0.0100%8h0.4148+0.098%$198K$51Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4159+0.350%$294K$3.3M10xas long as short
ApeX Omni LDOUSDTshort+0.0100%1h0.4160+0.377%$31K$632K50x
Polymarket Perps LDO-USD+0.0100%1h0.4148+0.099%$24K$309K5xas long as short
SunX LDO-USDT+0.0100%8h0.4245+2.428%$2K$1.1M20xas long as short
Extended LDO-USD+0.0104%1h0.4148+0.097%$251K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4151+0.150%$37K3xas long as short
Reya LDORUSDPERP+0.0349%1h0.4150+0.136%$289K15xas long as short
Kraken Futures PF_LDOUSD+0.0364%1h0.4153+0.199%$1.0M$742K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0384% / S −0.0308%1h0.4151+0.157%$29K100xas long as short