Funding you earn now, next payment 22:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.061%
Price spread now: Hyperliquid against Reya+0.195%7-day average +0.144% · 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)−0.163%−$16 on $10k
+Price spread, last 3 days (all we have)−0.267%−$27 · spread now +0.195%, 7d avg +0.144%
=Together, before fees−0.430%+ Points / potential airdropReya: Active · Hyperliquid: Season 2 · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.051% dearer against Reya than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of +0.144%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya LDORUSDPERP | 0.4339 | 0.0332 | pay 0.0041% / 1h | 56m 36s | $303K | — | 15x |
| Short | Hyperliquid LDO | 0.4348 | 0.0100 | get 0.0013% / 1h | 56m 36s | $12.1M | $3.4M | 5x |
Reya LDORUSDPERP
Hyperliquid LDOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$48.64
- Price spread: +0.195% → +0.144%
- $5.09
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$58.55
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 6 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 Reya no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 6 min ago | 1.03 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.0688% | 1h | 0.4347 | +0.182% | $118K | $55K | 50x | as long as short |
| Kraken Futures PF_LDOUSD | −0.0328% | 1h | 0.4345 | +0.139% | $1.1M | $554K | 50x | as long as short |
| dYdX LDO-USD | 0.0000% | 1h | 0.4345 | +0.134% | $84K | $17K | 5x | as long as short |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4343 | +0.089% | $3K | $10K | 25x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.593% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0076% | 8h | 0.4343 | +0.089% | $798K | $230K | 75x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4339 | −0.008% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDOshort | +0.0100% | 1h | 0.4348 | +0.195% | $12.1M | $3.4M | 5x | |
| Aster LDOUSDT | +0.0100% | 8h | 0.4345 | +0.145% | $171K | $148K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4344 | +0.108% | $111K | $182K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Kraken Futures PF_LDOUSD
dYdX LDO-USD
Deribit LDO_USDC-PERPETUAL
Injective LDO/USDC PERP
BloFin LDO-USDT
Paradex LDO-USD-PERP
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4343 | +0.089% | $18.1M | $38.2M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4340 | +0.020% | $16.8M | $13.0M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4336 | −0.072% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4342 | +0.066% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4342 | +0.066% | $9.0M | $7.5M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4342 | +0.066% | $2.9M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4338 | −0.026% | $3.3M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4340 | +0.020% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4343 | +0.096% | $87K | $185K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4349 | +0.218% | $203K | $119K | — | as long as short |
| GRVT LDO_USDT_Perp | +0.0100% | 8h | 0.4348 | +0.205% | $304K | $3.6M | 10x | as long as short |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4350 | +0.251% | $35K | $645K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4345 | +0.131% | $26K | $716K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4443 | +2.394% | $1K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4336 | −0.066% | $261K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4342 | +0.066% | $38K | — | 3x | as long as short |
| Lighter LDO | +0.0136% | 1h | 0.4355 | +0.361% | $882K | $263K | 10x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4343 | +0.097% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERPlong | +0.0332% | 1h | 0.4339 | long leg | $303K | — | 15x |
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
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
Extended LDO-USD
Aevo LDO-PERP
Lighter LDO
GMX LDO/USD [ETH-USDC]