LDO

Alert

Funding spread now, next payment 19:00 UTC+0.0200%/8h

next payment, per $10,000+$0.25paid, last 24h−0.029%paid, last 5 days0.000%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 5 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LDO_USDC_PERP	0.4316	−0.0200	get 0.0025% / 1h	32m 36s	$86K	$196K	10x
Short	dYdX LDO-USD	0.4319	0	get 0.0000% / 1h	32m 36s	$83K	$17K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee dYdXbpOrdersRate

Funding earned: $41.99
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $21.99
Break-even: 3.3 days

Slippage unknown: Backpack: live order book, 2 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.074%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Backpack live order book, 2 min ago	1.97 bp	16.1 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective LDO/USDC PERP	−0.5000%	1h	$4K	$57K	12x	as long as short
Coinbase International LDO-PERP-INTX	−0.1392%	1h	$113K	$50K	50x	as long as short
Kraken Futures PF_LDOUSD	−0.0463%	1h	$1.1M	$550K	50x	as long as short
Backpack LDO_USDC_PERPlong	−0.0200%	1h	$86K	$196K	10x
dYdX LDO-USDshort	0.0000%	1h	$83K	$17K	5x
Deribit LDO_USDC-PERPETUAL	0.0000%	1h	$3K	$10K	25x	as long as short
Gate LDO_USDT	+0.0036%	8h	$1.4M	$1.1M	50x	as long as short
Lighter LDO	+0.0096%	1h	$880K	$265K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	$12.0M	$3.4M	5x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster LDOUSDT	+0.0100%	8h	$168K	$159K	10x	as long as short
Pacifica LDO	+0.0100%	1h	$111K	$188K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	$18.0M	$39.0M	75x	as long as short
Bybit LDOUSDT	+0.0100%	8h	$16.7M	$13.4M	50x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.0M	$9.4M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$9.3M	$7.9M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.7M	$4.3M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.3M	$3.7M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$5.0M	—	as long as short
Variational Omni LDO	+0.0100%	8h	$201K	$155K	—	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$33K	$646K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	$23K	$792K	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	$1K	$1.5M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$260K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$38K	—	3x	as long as short
BloFin LDO-USDT	+0.0113%	8h	$833K	$215K	75x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0312% / S −0.0192%	1h	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0328%	1h	$301K	—	15x	as long as short