LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.033%

Price spread now: Hyperliquid against dYdX−0.033%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.033% cheaper against dYdX than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LDO-USD	0.4228	0	get 0.0000% / 1h	3m 48s	$82K	$5K	5x
Short	Hyperliquid LDO	0.4226	0.0100	get 0.0013% / 1h	3m 48s	$11.5M	$3.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now −0.033%Rate

Funding earned: $21
Price spread: −0.033% → 0.000%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1.31
Costs to cover: 0.190%
Break-even: 7.4 days

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 9 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 9 min ago	1.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	−0.0648%	1h	0.4193	−0.823%	$117K	$39K	50x	as long as short
dYdX LDO-USDlong	0.0000%	1h	0.4228	long leg	$82K	$5K	5x
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	0.4219	−0.208%	$7K	$20K	25x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−2.786%	$4K	$11	12x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4217	−0.261%	$3K	—	20x	as long as short
Hyperliquid LDOshort	+0.0100%	1h	0.4226	−0.033%	$11.5M	$3.1M	5x
Aster LDOUSDT	+0.0100%	8h	0.4224	−0.099%	$166K	$92K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4222	−0.139%	$106K	$28K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4221	−0.166%	$17.7M	$30.6M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4218	−0.232%	$16.0M	$9.9M	50x	as long as short

Show all 29 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX LDO-USDT-SWAP	+0.0100%	8h	0.4218	−0.232%	$4.0M	$6.6M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4223	−0.114%	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4220	−0.184%	$6.7M	$6.0M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4223	−0.114%	$2.7M	$3.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4222	−0.137%	$3.2M	$3.0M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4220	−0.184%	—	$10.1M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4220	−0.192%	$89K	$175K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4226	−0.048%	$197K	$62K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4226	−0.043%	$301K	$3.5M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4230	+0.052%	$31K	$635K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4222	−0.137%	$22K	$376K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4317	+2.110%	$1K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4217	−0.266%	$256K	$1.1M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4220	−0.191%	$37K	—	3x	as long as short
BloFin LDO-USDT	+0.0112%	8h	0.4226	−0.043%	$889K	$258K	75x	as long as short
Lighter LDO	+0.0312%	1h	0.4228	+0.007%	$852K	$275K	10x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0318% / S −0.0201%	1h	0.4219	−0.213%	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0345%	1h	0.4217	−0.265%	$294K	—	15x	as long as short
Kraken Futures PF_LDOUSD	+0.0381%	1h	0.4222	−0.138%	$1.1M	$706K	50x	as long as short