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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRnext payment $0.08 per $10,000 · paid last 24h −0.422%
Price spread now: Injective against Polymarket Perps−4.394%51s7-day average · you buy dearer than you sell
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 7 days−1.152%−$115 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.394% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$439 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps LDO-USD0.42990.0100pay 0.0013% / 1h0m 10s$23K$687K5x
ShortInjective LDO/USDC PERP0.41100.0033get 0.0004% / 1h0m 10s$4K$1312x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
−$14
Price spread: −4.394% → 0.000%
−$439.41
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$461.43
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Polymarket Perps: live order book, 3 min ago; Injective: 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 Polymarket Perps live order book, 3 min ago4.30 bp8.3 bp −$88.4 bp −$84doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: 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 28 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−0.0416%1h0.4259−0.928%$119K$43K50xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h0.4296−0.067%$7K$20K25xas long as short
dYdX LDO-USD+0.0004%1h0.4295−0.084%$83K$5K5xas long as short
Injective LDO/USDC PERPshort+0.0033%1h0.4110−4.394%$4K$1312x
Paradex LDO-USD-PERP+0.0100%8h0.4294−0.106%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4299+0.012%$11.8M$3.4M5xas long as short
Aster LDOUSDT+0.0100%8h0.4300+0.022%$169K$134K10xas long as short
Pacifica LDO+0.0100%1h0.4300+0.027%$110K$158K10xas long as short
Binance LDOUSDT+0.0100%8h0.4297−0.054%$18.0M$32.6M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4296−0.067%$16.1M$10.6M50xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX LDO-USDT-SWAP+0.0100%8h0.4294−0.114%$4.0M$7.4M50xas long as short
Gate LDO_USDT+0.0100%8h0.4300+0.026%$1.5M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4296−0.067%$7.7M$7.2M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4299+0.002%$2.8M$4.0M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4293−0.137%$3.3M$3.2M75xas long as short
BingX LDO-USDT+0.0100%8h0.4298−0.021%$10.0Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4295−0.091%$88K$156K10xas long as short
Variational Omni LDO+0.0100%8h0.4295−0.097%$202K$68Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4299+0.001%$303K$3.4M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4300+0.026%$33K$638K50xas long as short
Polymarket Perps LDO-USDlong+0.0100%1h0.4299long leg$23K$687K5x
SunX LDO-USDT+0.0100%8h0.4395+2.235%$1K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4292−0.155%$260K$1.3M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4295−0.080%$38K3xas long as short
Lighter LDO+0.0296%1h0.4305+0.149%$874K$268K10xas long as short
GMX LDO/USD [ETH-USDC]L +0.0320% / S −0.0201%1h0.4295−0.079%$23K100xas long as short
Reya LDORUSDPERP+0.0338%1h0.4293−0.142%$299K15xas long as short
Kraken Futures PF_LDOUSD+0.0560%1h0.4298−0.014%$1.2M$734K50xas long as short