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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Bitget against Polymarket Perps−0.121%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$450.455% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.336%+$34 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.121%, 7d avg −0.059%
Together, before fees+0.403%+$40 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: Bitget is 0.061% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LDO-USD0.43810.0100pay 0.0013% / 1h49m 54s$23K$736K5x
ShortBitget LDOUSDT0.43760.0100get 0.0100% / 8h49m 54s$3.4M$3.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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: −0.121% → −0.059%
−$6.15
Slippage, 4 orders
−$25.5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$51.65
Costs to cover
0.455%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 28 min ago; Bitget: live order book, 3 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 Polymarket Perps live order book, 28 min ago4.85 bp8.8 bp −$99.0 bp −$90doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago2.29 bp13.8 bp −$1434.6 bp −$346doesn'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
Injective LDO/USDC PERP−0.5000%1h0.4110−6.192%$4K$1412xas long as short
Coinbase International LDO-PERP-INTX−0.1016%1h0.4384+0.062%$119K$56K50xas long as short
dYdX LDO-USD0.0000%1h0.4376−0.115%$84K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4377−0.098%$3K$10K25xas long as short
Kraken Futures PF_LDOUSD+0.0026%1h0.4379−0.049%$1.1M$528K50xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4378−0.085%$3K$5620xas long as short
Hyperliquid LDO+0.0100%1h0.4383+0.030%$12.3M$4.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4380−0.037%$172K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4380−0.025%$112K$178K10xas long as short
Binance LDOUSDT+0.0100%8h0.4378−0.075%$18.2M$37.6M75xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit LDOUSDT+0.0100%8h0.4374−0.167%$16.6M$12.6M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4374−0.167%$4.1M$9.2M50xas long as short
Gate LDO_USDT+0.0100%8h0.4377−0.098%$1.5M$1.1M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4378−0.075%$8.5M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4377−0.098%$2.8M$4.3M50xas long as short
Bitget LDOUSDTshort+0.0100%8h0.4376−0.121%$3.4M$3.6M75x
BingX LDO-USDT+0.0100%8h0.4375−0.144%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4377−0.094%$88K$179K10xas long as short
Variational Omni LDO+0.0100%8h0.4372−0.213%$204K$83Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4370−0.259%$310K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4370−0.258%$35K$648K50xas long as short
Polymarket Perps LDO-USDlong+0.0100%1h0.4381long leg$23K$736K5x
SunX LDO-USDT+0.0100%8h0.4482+2.298%$2K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4375−0.146%$263K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4376−0.126%$39K3xas long as short
BloFin LDO-USDT+0.0120%8h0.4374−0.167%$791K$221K75xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4377−0.097%$24K100xas long as short
Reya LDORUSDPERP+0.0334%1h0.4374−0.161%$305K15xas long as short
Lighter LDO+0.0504%1h0.4386+0.112%$889K$268K10xas long as short