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

LDO

all LDO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0236%/8h= −25.9% APRpaid last 24h −0.066%
Price spread now: Binance against Reya+0.096%7-day average +0.069% · 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)−0.174%−$17 on $10k
Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.096%, 7d avg +0.069%
Together, before fees−0.270%+ Points / potential airdropReya: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Binance is 0.027% dearer against Reya than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.069%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.43050.0336pay 0.0042% / 1h27m 26s$300K15x
ShortBinance LDOUSDT0.43100.0100get 0.0100% / 8h7h 27m$18.1M$38.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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
−$49.61
Price spread: +0.096% → +0.069%
$2.69
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Binance: 5 bp × 2 orders
−$10
Net
−$62.92
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Binance: live order book, 14 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 Reya no order-book sample
Sell Binance live order book, 14 min ago1.16 bp10.9 bp −$1126.2 bp −$262125.9 bp −$12.6Kdoesn't fit
Reya: 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−0.0752%1h0.4301−0.102%$117K$53K50xas long as short
dYdX LDO-USD0.0000%1h0.4306+0.021%$83K$17K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−4.538%$4K$1412xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4302−0.085%$3K$2420xas long as short
Hyperliquid LDO+0.0100%1h0.4311+0.140%$12.0M$4.1M5xas long as short
Aster LDOUSDT+0.0100%8h0.4311+0.140%$170K$149K10xas long as short
Pacifica LDO+0.0100%1h0.4308+0.061%$111K$178K10xas long as short
Binance LDOUSDTshort+0.0100%8h0.4310+0.096%$18.1M$38.0M75x
Bybit LDOUSDT+0.0100%8h0.4308+0.061%$16.3M$12.4M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4308+0.061%$4.1M$9.1M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4307+0.037%$1.4M$1.0M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4308+0.061%$7.9M$7.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4310+0.107%$2.8M$4.2M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4307+0.037%$3.4M$3.6M75xas long as short
BingX LDO-USDT+0.0100%8h0.4308+0.061%$3.7Mas long as short
Backpack LDO_USDC_PERP+0.0100%1h0.4312+0.144%$88K$148K10xas long as short
Variational Omni LDO+0.0100%8h0.4302−0.083%$201K$81Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4305−0.014%$306K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4310+0.107%$35K$644K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4313+0.165%$23K$736K5xas long as short
SunX LDO-USDT+0.0100%8h0.4410+2.430%$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h0.4305−0.013%$263K$1.6M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4314+0.188%$38K3xas long as short
BloFin LDO-USDT+0.0105%8h0.4307+0.037%$791K$221K75xas long as short
Kraken Futures PF_LDOUSD+0.0197%1h0.4316+0.238%$1.1M$526K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0319% / S −0.0201%1h0.4306+0.017%$24K100xas long as short
Reya LDORUSDPERPlong+0.0336%1h0.4305long leg$300K15x
Deribit LDO_USDC-PERPETUAL+0.0446%1h0.4315+0.223%$3K$10K25xas long as short
Lighter LDO+0.0664%1h0.4317+0.274%$876K$267K10xas long as short