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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.024%
Price spread now: GMX against Paradex+0.113%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 fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GMX is 0.113% dearer against Paradex than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex LDO-USD-PERP0.42040.0100pay 0.0100% / 8h11m 27s$3K20x
ShortGMX LDO/USD [ETH-USDC]0.4209L +0.0318% / S −0.0201%get 0.0025% / 1h11m 27s$23K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$21.27
Price spread: +0.113% → 0.000%
$11.31
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee GMX: 6 bp × 2 orders
−$12
Net
$16.58
Costs to cover
0.160%
Break-even
1.5 days
Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample
Sell GMX no order-book sample
Paradex and 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
Coinbase International LDO-PERP-INTX−0.0920%1h0.4186−0.434%$116K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4210+0.141%$81K$5K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4208+0.090%$7K$20K25xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.241%$4K$1112xas long as short
BloFin LDO-USDT+0.0077%8h0.4213+0.208%$883K$257K75xas long as short
Paradex LDO-USD-PERPlong+0.0100%8h0.4204long leg$3K20x
Hyperliquid LDO+0.0100%1h0.4209+0.104%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4208+0.081%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4207+0.069%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4201−0.087%$17.6M$31.0M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4198−0.148%$16.0M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4196−0.196%$4.0M$6.6M50xas long as short
Gate LDO_USDT+0.0100%8h0.4207+0.066%$1.4M$1.2M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4207+0.066%$6.5M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4209+0.113%$2.6M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4207+0.066%$3.2M$3.0M75xas long as short
BingX LDO-USDT+0.0100%8h0.4202−0.053%$10.1Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4207+0.059%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4202−0.057%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4212+0.185%$299K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+0.137%$31K$632K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4208+0.092%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4309+2.492%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4204−0.006%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4208+0.088%$37K3xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4206+0.044%$1.1M$727K50xas long as short
GMX LDO/USD [ETH-USDC]shortL +0.0318% / S −0.0201%1h0.4209+0.113%$23K100x
Reya LDORUSDPERP+0.0346%1h0.4203−0.030%$293K15xas long as short
Lighter LDO+0.0392%1h0.4214+0.232%$849K$273K10xas long as short