LDO

Alert

Funding spread now, next payment 15:00 UTC+0.0416%/8h

paid, last 24h−0.011%paid, last 3 days+0.073%to open and closeno order book

Long on Backpack Short on Variational Omni

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.073% in total (about 9.1% a year). A funding rate is set anew for every payment. 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	0.4355	−0.0333	get 0.0042% / 1h	58m 01s	$88K	$187K	10x
Short	Variational Omni LDO	0.4353	0.0083	get 0.0083% / 8h	1h 58m	$223K	$154K	—

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee Variational OmnibpOrdersRate

Funding earned: $87.41
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $77.41
Break-even: 0.8 days

Slippage unknown: Backpack: live order book, 62 min ago; Variational Omni: RFQ quote, 62 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.041%
Avg gap 7d: −0.036%

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, 62 min ago	2.95 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 62 min ago	7.94 bp	doesn't fit	39.7 bp −$397	doesn't fit	doesn't fit

LDO on 28 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International LDO-PERP-INTX	−0.1016%	1h	$115K	$32K	50x	as long as short
Injective LDO/USDC PERP	−0.0430%	1h	$4K	$177K	12x	as long as short
Backpack LDO_USDC_PERPlong	−0.0333%	1h	$88K	$187K	10x
Deribit LDO_USDC-PERPETUAL	−0.0209%	1h	$3K	$10K	25x	as long as short
Kraken Futures PF_LDOUSD	−0.0085%	1h	$1.2M	$542K	50x	as long as short
dYdX LDO-USD	0.0000%	1h	$83K	$21K	5x	as long as short
Bybit LDOUSDT	+0.0049%	8h	$16.6M	$12.6M	50x	as long as short
Variational Omni LDOshort	+0.0083%	8h	$223K	$154K	—
BloFin LDO-USDT	+0.0087%	8h	$835K	$150K	75x	as long as short
Lighter LDO	+0.0096%	1h	$872K	$237K	10x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex LDO-USD-PERP	+0.0099%	8h	$3K	$56	20x	as long as short
Hyperliquid LDO	+0.0100%	1h	$12.5M	$3.5M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	$169K	$312K	10x	as long as short
Pacifica LDO	+0.0100%	1h	$112K	$189K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	$18.1M	$37.5M	75x	as long as short
OKX LDO-USDT-SWAP	+0.0100%	8h	$4.0M	$9.5M	50x	as long as short
Gate LDO_USDT	+0.0100%	8h	$1.5M	$1.0M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$10.0M	$7.2M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.5M	$4.0M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.4M	$3.8M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$4.8M	—	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$33K	$651K	50x	as long as short
Polymarket Perps LDO-USD	+0.0100%	1h	$27K	$1.5M	5x	as long as short
SunX LDO-USDT	+0.0100%	8h	$1K	$1.4M	20x	as long as short
Extended LDO-USD	+0.0104%	1h	$261K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$39K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0296% / S −0.0173%	1h	$24K	—	100x	as long as short
Reya LDORUSDPERP	+0.0322%	1h	$303K	—	15x	as long as short