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−0.0246%/8h= −26.9% APRpaid last 24h −0.069%
Price spread now: BingX against Reya+0.009%110s7-day average +0.035% · 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)−0.204%−$20 on $10k
Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.009%, 7d avg +0.035%
Together, before fees−0.604%+ Points / potential airdropReya: Active · farm board−$60 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BingX is 0.026% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.035%). Swap the legs. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya LDORUSDPERP0.42070.0346pay 0.0043% / 1h15m 37s$293K15x
ShortBingX LDO-USDT0.42070.0100get 0.0100% / 8h15m 37s$10.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
−$51.61
Price spread: +0.009% → +0.035%
−$2.64
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee BingX: 5 bp × 2 orders
−$10
Net
−$70.26
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; BingX: live order book, 3 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 BingX live order book, 3 min ago3.56 bp13.8 bp −$1429.8 bp −$298100.0 bp −$10.0K406.2 bp −$203.1K
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−0.0920%1h0.4193−0.324%$117K$39K50xas long as short
dYdX LDO-USD0.0000%1h0.4206−0.011%$81K$5K5xas long as short
Injective LDO/USDC PERP+0.0033%1h0.4110−2.297%$4K$1112xas long as short
Paradex LDO-USD-PERP+0.0100%8h0.4205−0.041%$3K20xas long as short
Hyperliquid LDO+0.0100%1h0.4211+0.106%$11.5M$3.0M5xas long as short
Aster LDOUSDT+0.0100%8h0.4208+0.022%$166K$91K10xas long as short
Pacifica LDO+0.0100%1h0.4207+0.019%$106K$28K10xas long as short
Binance LDOUSDT+0.0100%8h0.4208+0.033%$17.7M$31.0M75xas long as short
Bybit LDOUSDT+0.0100%8h0.4205−0.039%$16.1M$10.0M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h0.4206−0.015%$4.0M$6.6M50xas long as short
Show all 29 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate LDO_USDT+0.0100%8h0.4208+0.033%$1.4M$1.2M50xas long as short
MEXC LDO_USDT+0.0100%8h0.4208+0.033%$6.6M$5.5M200xas long as short
KuCoin LDOUSDTM+0.0100%8h0.4205−0.039%$2.6M$3.3M50xas long as short
Bitget LDOUSDT+0.0100%8h0.4205−0.039%$3.2M$3.0M75xas long as short
BingX LDO-USDTshort+0.0100%8h0.4207+0.009%$10.1M
Backpack LDO_USDC_PERP+0.0100%1h0.4205−0.048%$88K$177K10xas long as short
Variational Omni LDO+0.0100%8h0.4202−0.114%$200K$66Kas long as short
GRVT LDO_USDT_Perp+0.0100%8h0.4209+0.055%$302K$3.5M10xas long as short
ApeX Omni LDOUSDT+0.0100%1h0.4210+0.080%$31K$633K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h0.4209+0.056%$24K$375K5xas long as short
SunX LDO-USDT+0.0100%8h0.4306+2.362%$2K$1.2M20xas long as short
Extended LDO-USD+0.0104%1h0.4203−0.080%$252K$1.4M25xas long as short
Aevo LDO-PERP+0.0104%1h0.4205−0.046%$37K3xas long as short
BloFin LDO-USDT+0.0119%8h0.4208+0.033%$886K$258K75xas long as short
Kraken Futures PF_LDOUSD+0.0225%1h0.4204−0.070%$1.1M$729K50xas long as short
Deribit LDO_USDC-PERPETUAL+0.0226%1h0.4206−0.015%$7K$20K25xas long as short
GMX LDO/USD [ETH-USDC]L +0.0318% / S −0.0201%1h0.4205−0.048%$23K100xas long as short
Reya LDORUSDPERPlong+0.0346%1h0.4207long leg$293K15x
Lighter LDO+0.0376%1h0.4215+0.190%$849K$272K10xas long as short