LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.5% APRnext payment +$0.15 per $10,000 · paid last 24h +0.113%

Price spread now: Reya against Deribit−0.110%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Reya

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.110% cheaper against Deribit than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LDO_USDC-PERPETUAL	0.4277	0.0218	pay 0.0027% / 1h	30m 49s	$7K	$20K	25x
Short	Reya LDORUSDPERP	0.4272	0.0341	get 0.0043% / 1h	30m 49s	$298K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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

Position, each leg$Hold fordaysFee DeribitbpFee ReyabpOrdersPrice spread, now −0.110%Rate

Funding earned: $25.96
Price spread: −0.110% → 0.000%: −$11
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $1.97
Costs to cover: 0.130%
Break-even: 6.5 days

Slippage unknown: Deribit: no order-book sample; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Deribit and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.0352%	1h	0.4253	−0.561%	$118K	$41K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4258	−0.456%	$82K	$5K	5x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−3.905%	$4K	$13	12x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4260	−0.400%	$3K	—	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	0.4275	−0.054%	$11.7M	$3.1M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	0.4272	−0.118%	$168K	$100K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4265	−0.273%	$109K	$26K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4275	−0.036%	$18.0M	$30.6M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4270	−0.164%	$16.1M	$9.9M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4270	−0.164%	$4.0M	$6.8M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate LDO_USDT	+0.0100%	8h	0.4274	−0.070%	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4277	0.000%	$7.7M	$6.3M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4276	−0.023%	$2.7M	$3.6M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4269	−0.187%	$3.3M	$3.1M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4273	−0.094%	—	$10.0M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4277	−0.007%	$91K	$175K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4274	−0.076%	$201K	$60K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4263	−0.326%	$305K	$3.4M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4260	−0.397%	$32K	$642K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4277	0.000%	$21K	$246K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4369	+2.151%	$2K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4274	−0.076%	$255K	$1.3M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4277	0.000%	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0119%	8h	0.4276	−0.023%	$913K	$253K	75x	as long as short
Deribit LDO_USDC-PERPETUALlong	+0.0218%	1h	0.4277	long leg	$7K	$20K	25x
GMX LDO/USD [ETH-USDC]	L +0.0319% / S −0.0201%	1h	0.4273	−0.094%	$23K	—	100x	as long as short
Reya LDORUSDPERPshort	+0.0341%	1h	0.4272	−0.110%	$298K	—	15x
Kraken Futures PF_LDOUSD	+0.0393%	1h	0.4279	+0.046%	$1.1M	$653K	50x	as long as short
Lighter LDO	+0.0448%	1h	0.4281	+0.084%	$876K	$249K	10x	as long as short