Funding you earn now, next payment 05:00 UTC−0.0124%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.115%
Price spread now: Deribit against Reya+0.238%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Deribit is 0.238% dearer against Reya than usual: you sell high and buy low (spread +0.238% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 6.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya LDORUSDPERP | 0.4271 | 0.0341 | pay 0.0043% / 1h | 56m 02s | $298K | — | 15x |
| Short | Deribit LDO_USDC-PERPETUAL | 0.4281 | 0.0217 | get 0.0027% / 1h | 56m 02s | $7K | $20K | 25x |
Reya LDORUSDPERP
Deribit LDO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.94
- Price spread: +0.238% → 0.000%
- $23.77
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$15.17
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell Deribit no order-book sample | — | — | — | — | — |
Reya and 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 | −0.0352% | 1h | 0.4268 | −0.067% | $119K | $41K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4281 | +0.241% | $83K | $5K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4110 | −3.766% | $4K | $13 | 12x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4271 | +0.007% | $3K | — | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4283 | +0.289% | $11.7M | $3.2M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4285 | +0.320% | $169K | $120K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4275 | +0.107% | $110K | $26K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4281 | +0.238% | $18.0M | $30.8M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4277 | +0.144% | $16.1M | $9.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4278 | +0.167% | $4.0M | $6.8M | 50x | as long as short |
Coinbase International LDO-PERP-INTX
dYdX LDO-USD
Injective LDO/USDC PERP
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDO
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAPShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate LDO_USDT | +0.0100% | 8h | 0.4280 | +0.214% | $1.5M | $1.0M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4279 | +0.191% | $7.7M | $6.3M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4283 | +0.285% | $2.7M | $3.7M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4278 | +0.167% | $3.3M | $3.1M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4280 | +0.214% | — | $10.0M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4280 | +0.217% | $91K | $176K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4276 | +0.115% | $201K | $60K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4285 | +0.330% | $307K | $3.4M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4290 | +0.448% | $33K | $640K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4275 | +0.109% | $23K | $508K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4373 | +2.392% | $2K | $1.2M | 20x | as long as short |
| BloFin LDO-USDT | +0.0103% | 8h | 0.4286 | +0.355% | $909K | $253K | 75x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4278 | +0.164% | $260K | $1.3M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4280 | +0.222% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0176% | 1h | 0.4291 | +0.469% | $875K | $245K | 10x | as long as short |
| Deribit LDO_USDC-PERPETUALshort | +0.0217% | 1h | 0.4281 | +0.238% | $7K | $20K | 25x | |
| GMX LDO/USD [ETH-USDC] | L +0.0319% / S −0.0201% | 1h | 0.4277 | +0.133% | $23K | — | 100x | as long as short |
| Reya LDORUSDPERPlong | +0.0341% | 1h | 0.4271 | long leg | $298K | — | 15x | |
| Kraken Futures PF_LDOUSD | +0.0393% | 1h | 0.4285 | +0.320% | $1.2M | $677K | 50x | as long as short |
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
GRVT LDO_USDT_Perp
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
BloFin LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]
Kraken Futures PF_LDOUSD