LDO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.15 per $10,000 · paid last 24h −0.045%

Price spread now: Deribit against Hyperliquid−0.085%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Deribit is 0.085% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.3 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	Hyperliquid LDO	0.4241	0.0100	pay 0.0013% / 1h	5m 02s	$11.5M	$3.0M	5x
Short	Deribit LDO_USDC-PERPETUAL	0.4237	0.0222	get 0.0028% / 1h	5m 02s	$7K	$10K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Hyperliquid. 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 HyperliquidbpFee DeribitbpOrdersPrice spread, now −0.085%Rate

Funding earned: $25.67
Price spread: −0.085% → 0.000%: −$8.49
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $1.19
Costs to cover: 0.160%
Break-even: 6.7 days

Slippage unknown: Hyperliquid: live order book, 7 min ago; Deribit: 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 Hyperliquid live order book, 7 min ago	0.47 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0952%	1h	0.4232	−0.203%	$116K	$41K	50x	as long as short
Kraken Futures PF_LDOUSD	−0.0366%	1h	0.4239	−0.043%	$1.1M	$739K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	0.4237	−0.078%	$81K	$2K	5x	as long as short
Injective LDO/USDC PERP	+0.0033%	1h	0.4110	−3.080%	$4K	$11	12x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	0.4234	−0.153%	$3K	—	20x	as long as short
Hyperliquid LDOlong	+0.0100%	1h	0.4241	long leg	$11.5M	$3.0M	5x
Aster LDOUSDT	+0.0100%	8h	0.4240	−0.022%	$167K	$83K	10x	as long as short
Pacifica LDO	+0.0100%	1h	0.4237	−0.079%	$107K	$28K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	0.4236	−0.108%	$18.1M	$31.0M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	0.4232	−0.203%	$16.3M	$9.8M	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	0.4234	−0.156%	$4.0M	$6.4M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	0.4239	−0.038%	$1.6M	$1.2M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	0.4235	−0.132%	$6.7M	$5.8M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	0.4238	−0.061%	$2.6M	$3.1M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	0.4233	−0.179%	$3.2M	$2.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	0.4237	−0.085%	—	$10.2M	—	as long as short
Backpack LDO_USDC_PERP	+0.0100%	1h	0.4235	−0.123%	$87K	$168K	10x	as long as short
Variational Omni LDO	+0.0100%	8h	0.4234	−0.160%	$203K	$66K	—	as long as short
GRVT LDO_USDT_Perp	+0.0100%	8h	0.4242	+0.039%	$300K	$3.5M	10x	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	0.4240	−0.014%	$31K	$637K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	0.4236	−0.104%	$25K	$334K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	0.4335	+2.226%	$1K	$1.2M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	0.4231	−0.218%	$260K	$1.4M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	0.4237	−0.085%	$37K	—	3x	as long as short
BloFin LDO-USDT	+0.0119%	8h	0.4237	−0.085%	$888K	$261K	75x	as long as short
Deribit LDO_USDC-PERPETUALshort	+0.0222%	1h	0.4237	−0.085%	$7K	$10K	25x
GMX LDO/USD [ETH-USDC]	L +0.0317% / S −0.0201%	1h	0.4237	−0.089%	$23K	—	100x	as long as short
Lighter LDO	+0.0336%	1h	0.4242	+0.021%	$854K	$274K	10x	as long as short
Reya LDORUSDPERP	+0.0347%	1h	0.4232	−0.195%	$295K	—	15x	as long as short