data as of
Settings8H · net · $10k
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Funding arb /

LDO

all LDO markets
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Funding spread now, next payment 18:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h−0.002%paid, last 7 days−0.216%to open and closeno order book
Long on HyperliquidShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid LDO0.42840.0100pay 0.0013% / 1h0m 20s$11.9M$3.6M5x
ShortBackpack LDO_USDC_PERP0.42860.0100get 0.0013% / 1h0m 20s$86K$197K10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$19
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Backpack: live order book, 39 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.051%
Avg gap 7d
−0.098%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago1.29 bp11.7 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 39 min ago2.64 bp11.2 bp −$11doesn't fitdoesn't fitdoesn't fit

LDO on 28 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Coinbase International LDO-PERP-INTX−0.1272%1h$112K$50K50xas long as short
Gate LDO_USDT−0.0063%8h$1.4M$1.2M50xas long as short
dYdX LDO-USD0.0000%1h$83K$17K5xas long as short
Deribit LDO_USDC-PERPETUAL0.0000%1h$3K$10K25xas long as short
Injective LDO/USDC PERP+0.0033%1h$4K$92K12xas long as short
BloFin LDO-USDT+0.0078%8h$832K$212K75xas long as short
Lighter LDO+0.0096%1h$872K$273K10xas long as short
Paradex LDO-USD-PERP+0.0099%8h$3K$5620xas long as short
Hyperliquid LDOlong+0.0100%1h$11.9M$3.6M5x
Aster LDOUSDT+0.0100%8h$167K$161K10xas long as short
Show all 28 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica LDO+0.0100%1h$110K$188K10xas long as short
Binance LDOUSDT+0.0100%8h$17.7M$39.7M75xas long as short
Bybit LDOUSDT+0.0100%8h$16.5M$13.5M50xas long as short
OKX LDO-USDT-SWAP+0.0100%8h$4.0M$9.5M50xas long as short
MEXC LDO_USDT+0.0100%8h$9.1M$8.0M200xas long as short
KuCoin LDOUSDTM+0.0100%8h$2.7M$4.3M50xas long as short
Bitget LDOUSDT+0.0100%8h$3.2M$3.8M75xas long as short
BingX LDO-USDT+0.0100%8h—$5.0M—as long as short
Backpack LDO_USDC_PERPshort+0.0100%1h$86K$197K10x
Variational Omni LDO+0.0100%8h$200K$166K—as long as short
ApeX Omni LDOUSDT+0.0100%1h$33K$647K50xas long as short
Polymarket Perps LDO-USD+0.0100%1h$22K$896K5xas long as short
SunX LDO-USDT+0.0100%8h$1K$1.5M20xas long as short
Extended LDO-USD+0.0104%1h$257K$1.0M25xas long as short
Aevo LDO-PERP+0.0104%1h$38K—3xas long as short
Kraken Futures PF_LDOUSD+0.0127%1h$1.1M$568K50xas long as short
GMX LDO/USD [ETH-USDC]L +0.0309% / S −0.0190%1h$23K—100xas long as short
Reya LDORUSDPERP+0.0328%1h$298K—15xas long as short