LDO

Alert

Funding spread now, next payment 15:00 UTC+0.1248%/8h

next payment, per $10,000+$1.56paid, last 24h+0.312%paid, last 5 days+0.441%to open and closeno order book

Long on Coinbase International Short on dYdX

The current rate is far above what this pair has been paying: over the last 5 days it paid 0.441% in total (about 32.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.56 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	Coinbase International LDO-PERP-INTX	0.4344	−0.1248	get 0.0156% / 1h	41m 20s	$116K	$42K	50x
Short	dYdX LDO-USD	0.4297	0	get 0.0000% / 1h	41m 20s	$83K	$17K	5x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee dYdXbpOrdersRate

Funding earned: $262.08
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $242.08
Break-even: 0.5 days

Slippage unknown: Coinbase International: live order book, 8 min ago; dYdX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −1.092%
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 Coinbase International live order book, 8 min ago	16.12 bp	23.4 bp −$23	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
Coinbase International LDO-PERP-INTXlong	−0.1248%	1h	$116K	$42K	50x
Deribit LDO_USDC-PERPETUAL	−0.0216%	1h	$3K	$10K	25x	as long as short
Kraken Futures PF_LDOUSD	−0.0096%	1h	$1.1M	$544K	50x	as long as short
Backpack LDO_USDC_PERP	−0.0089%	1h	$84K	$195K	10x	as long as short
dYdX LDO-USDshort	0.0000%	1h	$83K	$17K	5x
Injective LDO/USDC PERP	+0.0033%	1h	$4K	$136K	12x	as long as short
Bybit LDOUSDT	+0.0085%	8h	$16.4M	$12.5M	50x	as long as short
BloFin LDO-USDT	+0.0093%	8h	$832K	$139K	75x	as long as short
Lighter LDO	+0.0096%	1h	$873K	$272K	10x	as long as short
Paradex LDO-USD-PERP	+0.0100%	8h	$3K	$56	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid LDO	+0.0100%	1h	$12.1M	$3.5M	5x	as long as short
Aster LDOUSDT	+0.0100%	8h	$166K	$313K	10x	as long as short
Pacifica LDO	+0.0100%	1h	$110K	$188K	10x	as long as short
Binance LDOUSDT	+0.0100%	8h	$17.8M	$38.1M	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	$1.4M	$1.1M	50x	as long as short
MEXC LDO_USDT	+0.0100%	8h	$9.6M	$7.5M	200x	as long as short
KuCoin LDOUSDTM	+0.0100%	8h	$2.5M	$4.1M	50x	as long as short
Bitget LDOUSDT	+0.0100%	8h	$3.3M	$3.8M	75x	as long as short
BingX LDO-USDT	+0.0100%	8h	—	$4.9M	—	as long as short
Variational Omni LDO	+0.0100%	8h	$221K	$150K	—	as long as short
ApeX Omni LDOUSDT	+0.0100%	1h	$33K	$646K	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	$258K	$1.0M	25x	as long as short
Aevo LDO-PERP	+0.0104%	1h	$38K	—	3x	as long as short
GMX LDO/USD [ETH-USDC]	L +0.0299% / S −0.0179%	1h	$23K	—	100x	as long as short
Reya LDORUSDPERP	+0.0324%	1h	$300K	—	15x	as long as short